You must be enrolled in Anthem's Lumenos High Deductible Health Plan in order to have a Health Savings Account. A Health Savings Account (HSA) is a tax-exempt savings account used for the express purpose of paying qualified medical expenses.
As long as funds are saved and spent for qualifying medical expenses, all contributions (including those made by the City) and withdrawals remain untaxed. Unlike the Flexible Spending Health Reimbursement account, the funds in an HSA are not subject to a "use it or lose it" policy. Anything you do not spend one year, carries over to the next year. Others may also contribute money to your HSA on your behalf. You can use money in your HSA to pay for your medical care including prescriptions, dental and vision expenses. You cannot enroll in a Flexible Spending Health Reimbursement Account if you are on a High Deductible Health Plan with a Health Savings Account, and vice versa.
Contribution amounts from the City into your Health Savings Accounts are as follows:
- Single Person HDHP deductible is $2,000 and the City will contribute $1,500
- 2 or more Person HDHP deductible is $4.000 and the City will contribute $3,000
The City utilizes Citizens Bank for the HSA Account, If you are enrolling in one of the Lumenos High Deductible Health Plans, you must open up a Health Savings Account. To do this, print the H S A packet.
Once your account is open and you have your account number, please contact the Benefits Coordinators Jane and Sue and tell them your account number. This is necessary in order for us to deposit the City Contribution amounts into your HSA account.
Citizens Bank Employee Portal:
To Mail in your Deposits:
Fill out and print the deposit slip and mail it to the address below:
Health Savings Account
P.O. Box 981012
Boston, MA 02298-1012
(NOTE:You cannot deposit money into your HSA through your local Citizens Bank, it can be done thru payroll deductions or by sending a check to the address above)
To Report a Lost/Stolen Card Phone: (888) 784-4584 (press Option 2)
You can report a lost or stolen card 24 hours a day, 7 days a week.
Customer Service Phone: (888) 784-4584
To listen to your last posted transactions; activate your card; hear your account balance: request deposit slips or speak to a customer service representative.
Hours to speak with a customer representative are Monday - Friday 8 a.m. - 8 p.m. eastern time.