HEALTH CARE ACCOUNTS

The HDHP Core Plan and HDHP Value Plan come with an HSA that is administered by Optum Bank^®. Use it to cover out-of-pocket health care expenses, including your deductible. Your unused balance rolls over each year and accumulates tax-free. Bass Pro Shops will contribute to your account on a quarterly basis. You (including the Bass Pro contributions) can contribute up to the Internal Revenue Service (IRS) limits of $3,550 for individual and $7,100 for family in 2020. Individuals over age 55 can also make annual “catch-up” contributions of $1,000. You must elect the HSA plan to receive Bass Pro contributions.

To be eligible for a Health Savings Account, you must be:

• Covered under a qualified High Deductible Health Plan (Bass Pro Core or Value Plan)
• Not covered under any other health plan this is not a HDHP
• Not contributing to a medical Flexible Spending Account
• Not enrolled in or eligible for Medicare, TRICARE, or VA benefits and,
• Not claimed as a dependent on another person’s tax return.

See IRS Publication 969 for complete details.

You can save pre-tax dollars in an FSA through pre-tax payroll deductions to help cover medical, dental and vision expenses not covered by your health plan. Be sure to use it all — unlike an HSA, any money left in your account at the end of the year will not carry over to the next year. For a list of qualified expenses, visit irs.gov and look for Publication 502. Or call the IRS at 1-800-829-3676.

Under the health care FSA, your entire annual election amount is pre-funded, meaning it's available at the beginning of each year to reimburse your eligible expenses for that year.

• You must incur your expenses between January and December of the plan year. There is no grace period or carryover.
  
  
• You will receive an FSA debit card to conveniently pay for copays, pharmacy and other eligible expenses where accepted.
  
  
• If enrolled in medical, you can sign up at myuhc.com^® to automatically submit your medical out-of-pocket claims directly to your health care FSA for reimbursement. Other expenses may be submitted to UnitedHealthcare for reimbursement.

You may set aside up to $5,000 for a married couple ($2,500 if you are single or married and file separately) of pre-tax earnings to cover the cost of day care for a dependent child or a dependent of any age that cannot be left alone while you (and your spouse) are at work.

• Under the dependent care FSA, you will be reimbursed up to the amount in your account at the time of the claim request.
  
  
• The debit card may be used to pay for expenses where accepted by daycare providers.
  
  
• To be eligible under the dependent care FSA, dependent care must be for:
  • Your dependent who has not reached age 13.
  • Your dependent of any age who is physically or mentally incapable of self-care and who lives with you.
  • Your spouse who is physically or mentally incapable of self-care and lives with you.
  • The care of a dependent must enable you and your spouse, if you are married, to be employed, seek employment or attend school full time.