RubinBrown Team Member Manual

Section: RubinBrown Health Savings Account 408

Policy Title: Policy Number:

Employee Benefits

Effective Date:

Supersedes Policy Dated:

06/01/2024

06/01/2023

Background: RubinBrown provides benefits to assist team members in meeting healthcare expenses on a pre-tax basis. A Health Savings Account (HSA) is a personal bank account you can use to pay for your or your family's healthcare costs. Policy: RubinBrown allows team members to voluntary defer current compensation to pay for healthcare expenses tax-free through a Health Savings Account (HSA). If you enroll in the RubinBrown medical plan, you will have the option to open an HSA through the designated medical plan vendor. RubinBrown also allows team members to open an HSA at any bank they choose. The IRS mandates maximum contribution limits to HSAs annually. RubinBrown contributes $72 to each team member's active HSA. Procedure: Please see the HSA documents found on UKG Benefits page and click the Links menu option as each type of account has specific attributes, statutory limits and rules. Compensation voluntarily deferred will be withheld through payroll deduction and added to the team member’s HSA account(s). Amounts voluntarily deferred are not currently subject to federal, state or Social Security taxes. Open enrollment is held in November of each year to provide team members an opportunity to participate in the plan and/or make changes effective January 1.

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