Good coverage at a lower cost. Allows you to use pre-tax dollars from a Health Savings Account to pay for your care. Baker Hughes makes a contribution to your Health Savings Account.
The Health Savings Account (HSA) is a smart way to prepare for the future – next year and beyond. You can use it to pay for expenses now or save for future expenses if you don’t use all your HSA money by the end of the plan year.
The HSA is a tax-advantaged personal bank account that works with the Premium HSA and Basic HSA Medical plan options. It allows you to set aside money to pay for qualified health care expenses. The account is yours to own and manage on your own—if you ever leave Baker Hughes, you’ll take this account with you.
Baker Hughes pays your HSA account set-up fee and monthly service fee, which includes a no-cost debit card and a monthly statement. You can use the debit card for eligible purchases at merchant locations with no transaction charge, up to your available account balance. You can also reimburse yourself for eligible expenses with ATM cash withdrawals at $1.50 per transaction. For more information on other reimbursement options and fees associated with your HSA, contact Optum Bank at 1-866-743-6549 or 1-866-802-8572 (worldwide).
These are just the basics to get you started. Learn more.
IRS Publication 969 [link], Health Savings Accounts and Other Tax-Favored
Health Plans, is a resource to review before you open and contribute to an HSA. You should also consult your tax advisor for additional information.
These are just the basics to get you started. Learn more.
IRS Publication 969 [link], Health Savings Accounts and Other Tax-Favored Health Plans, is a resource to review before you open and contribute to an HSA. You should also consult your tax advisor for additional information.
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