Health Savings Account

2026 Limits:
$4,400 for individual
$8,750 for family
Additional $1,000 catch-up for age 55 and older

An HSA is a savings account, meaning you may save that money until you need it, even if you don’t need it until many years later.

• An HSA is a multi-year, potentially even a lifetime set aside account, but the amount you can contribute is limited.
• You may elect to have pre-tax deductions from your paychecks deposited into your account. Your employer may make deposits to your account as well.
• The money saved in an HSA is not subject to income tax.
• When the time comes that you have paid out-of-pocket for a qualified medical expense, you may reimburse yourself from your HSA.
• If you take the money out of an HSA for any non-medical expenses, it will become subject to taxes and possible penalties.
• The major benefit to an HSA is the fact that the money is always yours to keep or use. It does not go away at the end of the year.

Miller Contributions 
The Miller Group is proud to contribute to employee HSA and FSA accounts. You will receive the full Miller Group Contribution amount below (dependent on Medical Coverage level) if you complete Biometrics and test tobacco-free by 12/31 (or participate in the smoking cessation program).  If you complete Biometrics but don’t test tobacco-free and don’t participate in the cessation program, you will receive a 50% Miller Group Contribution.

Note: The Miller Group Contribution amount will be pro-rated upon year of hire.
For more details on qualifying please reach out to Erin Donahoo.

Medicare Enrollment & the Health Savings Account (HSA)
While you may have heard or read that you cannot make or receive contributions to an HSA after turning 65 or becoming eligible for Medicare, that is not accurate. What makes you ineligible is if you actually enroll in Medicare. Once you enroll in Medicare, you are no longer permitted to make (or receive) contributions to your HSA.
Please note that if you are receiving social security benefits, you will automatically be enrolled in Medicare and become ineligible for HSA contributions. However, if you turn 65, elect to delay social security benefits, and do not enroll in Medicare, then you may continue to make (and receive) contributions to your HSA until the year in which you start receiving social security benefits or actually enroll in Medicare, if sooner.

Please note that there may be penalties/ramifications to delaying Medicare enrollment. However, according to the Medicare and You handbook from the Centers for Medicare & Medicaid Services, if you don’t or didn’t sign up for Medicare “when you were first eligible because you’re covered under a group health plan based on current employment, you may have a chance to sign up for Medicare during a Special Enrollment Period […] Usually, you don’t pay a late enrollment penalty if you sign up during a Special Enrollment Period.” We recommend consulting with your financial advisor to determine whether delaying Medicare enrollment would result in a penalty in your specific circumstances.