Save and splurge at the same time.

Out-of-pocket health care costs can add up. A Health Savings Account (HSA) can help you save for those – with some serious advantages. Trilogy offers HSAs as a complement to our medical, dental, vision, and pharmacy plans, helping employees to pay for out-of-pocket health expenses.  

Think of it as your personal savings account for your health care expenses with extra goodness built in.  

HSAs have what we call a “triple tax benefit”: 

1. Tax-free deposits. Money you contribute from your paycheck goes in tax-free, lowering your taxable income — so every dollar goes further! 
2. Tax-free growth. You can invest your HSA funds with the chance to watch them grow over time, and without paying taxes on the earnings. 
3. Tax-free withdrawals. When you use your HSA for qualified health expenses, you won’t pay taxes on the money you take out. 

We also call that a win-win-win! 

Who’s eligible? 

Full-time employees enrolled in one of Trilogy’s medical plans are eligible to contribute to an HSA.  

Per the IRS, exclusions apply in the event: 

• Your spouse participates in a Healthcare Flexible Spending Account (not the same as an HSA) 
• You are covered by Medicare, Medicaid or Tricare 
• You are claimed as dependent by someone else on their tax return 

Here’s how an HSA works: 

1. You put money into your account from your paycheck before any taxes are taken out. 
2. That money can be invested, much like a 401(k), with the potential to grow…tax-free.  
3. The HSA funds can be spent tax-free on eligible health care expenses. 
4. Any leftover funds roll over year after year, so you can save for future needs without worrying about losing your money.  

Let’s sweeten the deal…together 

Wait, there’s more? Yes! If you contribute to your HSA, Trilogy will match you dollar for dollar up to an amount based on the coverage level you choose. That’s right – free money to help you pay for out-of-pocket, qualified health expenses. See the schedule below for details. 

Start using your HSA to take care of today’s expenses – and build up your savings for tomorrow. 

What expenses are covered by an HSA? 

The good news – the list is quite long! It’s so long, we recommend checking out this article from our partners at Bank of America. See details.

Next steps 

• Register for your HSA. You may need identification to open the account. Go here for details.
• If identification is required, you must provide the required verification within 90 days. Don’t delay! If you fail to do so, your account will be closed, contributions returned to you and any company match you received will be forfeited. 
• You’ll receive a debit card you can use for paying for your qualified health expenses. This can also be used for Dependent Care Flexible Spending Account expenses, as well. 
• Keep your receipts! You may need these as documentation for your personal taxes. 
• Call 866-791-0250 if you have more questions. 

Think of this as free money to spend on things that keep you happy, healthy and thriving.  

With a Lifestyle Spending Account (LSA), you can earn up to $600 per year ($150 per quarter).  

Trilogy puts money in your account for you to use for everything from child care to pet care – or from groceries to a gym membership. 

Why you’ll love it: 

• Earn up to $600 a year in an account that’s funded monthly instead of quarterly. 
• Getting reimbursed is hassle-free. 

Who’s eligible? 

All full- and part-time employees age 18+ are eligible to participate, 

Next steps  

1. Check out the Well-being Hub or head straight to Personify Health to learn about ways you can earn rewards for doing things that support your well-being. 
2. Head over to Bank of America’s website to create an account if you don’t already have one. Choose Get Started in the New Users section to start that process. 
3. Connect your bank account for easy, direct deposit reimbursements by selecting Accounts and then Banking/Cards under the Profile sub-menu. 
4. Get reimbursed for stuff that supports your lifestyle! On the home screen, click Reimburse Myself when you’re ready to make a claim. 

If kids are keeping you on your toes – or adult dependents in your home need care – your budget may not have much breathing room. 

Luckily, paying for their care with money that hasn’t been taxed can help your earnings go further.  

You can allot up to $5,000 per family per year ($2,500 if married and filing separately) to pay for care for your loved ones. 

Here’s how a dependent care account works: 

• Funds can be spent on care for kids under 13 – or dependent adults. Pay for daycare or before- and after-school programs. You can’t use the money for medical or dental expenses, though.  
• Unused dollars don’t roll over, so you’ll have to use the money by the end of the year. Trilogy offers a grace period for exhausting your accounting balance by March 15 of the following year, with claims due by March 31.  
• Sign up and you’ll receive a debit card in the mail from Bank of America. You can also use the same card for eligible HSA expenses.  

Who’s eligible?  

Full- and part-time employees with qualifying dependents. 

Next steps 

1. See details on the Bank of America site.
2. You can also call a Bank of America representative at 1-866-791-0250.