Benefits forTown of Christiansburg (VA)
Congratulations on your new employment!
New employees working 30+ hours per week are eligible for benefits. You are able to self-enroll online within 14 days of your date of hire. Please refer to the Enrollment Instructions page of this website, or pages 6 through 8 of your Benefits Booklet, for more information on how to enroll.
Health Savings Account (HSA)
TAX SAVINGS. HEALTH SAVINGS. WOW SAVINGS.
Take control of your health and grow your money. See the power of an HSA-qualified health plan combined with a HealthEquity HSA.
SAVE ON PREMIUMS
When it comes to choosing a healthcare plan, you really have one decision to make: High premium or low premium?
Health Savings Account (HSA)-qualified health plans (sometimes called high-deductible or consumer choice health plans) offer the lowest premiums, enabling you to unlock immediate savings. The difference could be thousands of dollars every year.
KEEP YOUR PREMIUM SAVINGS
Healthcare premium payments disappear forever. But you can use your HealthEquity HSA to keep that money instead.
Choose a low premium health plan. Then just put the extra money you would have paid toward traditional premiums into your HSA. Voila! Long-term health savings.
Want to go bigger? Don’t forget IRS annual contribution limits. You have until the annual tax-filing deadline to max your contributions for the previous tax year.
MAXIMIZE TAX SAVINGS
Every dollar you contribute pre-tax to your HSA reduces your annual taxable income.
Plus, you automatically earn tax-free interest on your money. Anytime healthcare expenses come up just pay from your HSA and you’re good to go. You never pay taxes or penalties when you use HSA dollars for qualified medical expenses.
ACCELERATE LONG-TERM SAVINGS
So now you’re saving on premiums, building health savings and also saving big on taxes. What’s next?
Add some sizzle to your savings by investing in low-cost mutual funds. It’s easier than ever to invest. Just log into your account and a helpful step-by-step tutorial will walk you through the process. Do it yourself or let intelligent technologies do the work.
Savers have access to two powerful advisory tools brought to you by HealthEquity Advisors, LLC™:
GPS – Tap into algorithm-based guidance and recommendations
GPS suggests investment options based on age, investment objectives, investment experience and more. This option gives members the opportunity to ultimately select their own investments based on targeted advice.
AUTOPILOT – Let intelligent technologies manage your entire portfolio
Member inputs create a risk profile, then AutoPilot will automatically rebalance member portfolios based on specified factors. AutoPilot empowers even the most inexperienced members to invest confidently.
CONNECTING HEALTH AND WEALTH
Maybe you’ve had an HSA before, but you’ve never had an HSA like this.
– Get support 24/7: Call us day or night. Our US-based service team measures success by problems solved. We’ll do whatever it takes.
– Be inspired: Check out our vast library of webinars, tutorials, videos, calculators, and more. You’ll find tips and tricks to make the most of your HSA.
– Say goodbye to hassle: Log in and manage everything via our simple mobile app.5 Want to submit a claim? Easy. Just snap a photo and you’re on your way.
– Join five million+ health savers: For nearly two decades we’ve empowered some of the biggest companies in the world— and the smartest savers on the block.
866.735.8195 | HealthEquity.com/Learn