Duke Energy HSA
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You work hard for your money. So, why not make your money work hard for you?
[OPTUMBankÒ Logo]
You can – and it’s easy with your Optum BankÒ Health Savings Account.
Here’s how it works.
If you’re enrolled in a Duke EnergyÒ Health Savings Plan, you can contribute a portion of your earnings into your HSA Account -- tax free. You decide how much, up to the current IRS limit.
If you decide to contribute through a payroll deduction, Duke Energy will provide matching dollars. The matching amount depends on whether you have individual plan coverage or family plan coverage.
[Duke EnergyÒ Match: Individual Plan $600; Family Plan $1,200]
[Disclaimer: Matching contributions for employees represented by IBEW SCU-8 are up to $500 for individual and up to $1,000 for family HSP coverage.]
That’s free money!
[Disclaimer: Content, verbiage, and terms used herein are for illustrative purposes only including but not limited to use of the term “free money”.
You can use the money in your HSA to pay for eligible health care expenses – including your deductible. You can even use the money for dental and vision care!
With your HSA, you save on taxes three ways. Your money goes in tax free. Any money you take out is tax-free. And any money you invest can grow tax-free.
[Disclaimer: Investments are not FDIC-insured, are not guaranteed by Optum BankÒ and may lose value.]
That’s right. Less money for Uncle Sam. More money for you!
Speaking of more money -- if you want to invest your HSA dollars – you can! Once your balance reaches its threshold amount, you can invest in your choice of dozens of mutual funds.
[$1,500 HSA Threshold Amount]
Remember – any interest and other investment earnings accumulate tax-free!
[Disclaimer: Investments are not FDIC-insured, are not guaranteed by Optum BankÒ and may lose value.]
With your HSA -- there’s no use it or lose it rule. The money in your account rolls over from year to year. And it’s yours to keep -- even if you leave the company.
So – what are you waiting for?
Whether you’re considering opening an account for the first time, or want to better manage the money you’re saving, an HSA can help you stretch your health care dollars.
Want to learn more?
For payroll deduction questions, call the Duke Energy myHRÒ Service Center.
[Duke Energy myHRÒ Service Center: 1.888.465.1300]
For all other HSA-related questions. call Optum BankÒ.
[OPTUMBankÒ logo – 1.800.791.9361]
[Duke EnergyÒ logo]
Disclaimer: Investments are not FDIC-insured, are not guaranteed by Optum BankÒ and may lose value.
Health savings accounts (HSAs) are individuals accounts offered or administered by Optum BankÒ, Member FDIC, and are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Fees may reduce earnings on account. The content of this communication is not intended as investments, legal or tax advice.
This video contains selected highlights of Duke Energy’s employee benefit plans. If any statement herein, or any other communication, conflicts with applicable plan documents, the plan documents will govern. Duke Energy retains the right to amend, modify or terminate its benefits plans in any respect and at any time, and neither its benefits plans nor your plan participation will be considered a contract for future employment.
The Duke Energy medical plans comply with applicable Federal civil rights laws and do not discriminate on the basis of race, color, national origin, age, disability, or sex.
ATTENTION: If you speak Spanish, language assistance services, free of charge, are available to you. Please call 888.465.1300.
ATENCIÓN: Si habla español (Spanish), hay servicios de asistencia de idiomas, sin cargo, a su disposición. Llame al 888.465.1300.
請注意：如果您說中文 (Chinese)，我們免費為您提供語言協助服務。請致電：888.465.1300.
