Overview

Available to Robert Half and Protiviti employees and those in the Salaried Professional Services program (excluding temporary employees in Hawaii) — refer to your benefits guide for the plans available to you.

If you enroll in the $1,500 Deductible Plan or the $2,500 Deductible Plan, you have access to a unique tax-advantaged savings account called a Health Savings Account, or HSA. You can use this account to pay for eligible health care expenses for you and your eligible dependents on a federal tax-free basis. Robert Half’s HSA is administered by TRI-AD. The custodial bank is UMB Healthcare Services. You may receive communications from both partners regarding your HSA.

RH_HSAGraphic

Key Features

Enjoy the triple
tax advantage

The money you put into your HSA 1) is before federal tax, 2) is not taxed if used for qualified expenses and 3) can receive earnings, which aren’t subject to federal tax.*

* Tax-free status applies to federal taxes but varies by state. Currently, California and New Jersey don’t allow favorable tax treatment of HSAs. New Hampshire and Tennessee tax dividend and interest earnings after a certain dollar amount. Check with your financial advisor to determine how HSA contributions, earnings and distributions are taxed in your state.

Jump start your savings

Robert Half will match a portion of your HSA contribution if eligible. You can use this money to help pay for eligible expenses.

(Employees in the Salaried Professional Service program are not eligible to receive matching HSA contributions.)

Own the account

Your HSA funds are yours, including any matching contribution you receive (if applicable), even if you change medical plans or leave Robert Half.

Control how you use it

Your HSA balance rolls over from year to year. Use your HSA funds for qualified expenses, or pay out of pocket and save your funds for a later date.

Invest your savings

You have the option to invest in a variety of mutual funds once your HSA balance reaches a minimum level. Information about investment options through TRI-AD is available online at TRI-AD.

Save for medical
expenses in the future

By building up your HSA account from year to year, you’ll be able to use the money for future medical expenses.

iconSetting Up Your HSA

An HSA will be opened for you if you elect to make pre-tax payroll contributions when you enroll through the Mercer Marketplace 365. The HSA is administered by TRI-AD, and the custodial bank is UMB Healthcare Services.

Once your account is set up, you’ll receive an HSA welcome email that will include useful information about your account. You’ll also receive an HSA debit card in the mail, which will allow you to conveniently pay for eligible expenses at the point of service.

iconEnrollment Tip

When you open an HSA, TRI-AD is required to verify your identity as part of the federal Patriot Act. You’ll need to provide a valid physical mailing address, not a P.O. box. If there are questions about your personal information as a result of the Patriot Act inquiries, UMB Healthcare Service will contact you directly by mail.

If your identity isn’t verified by UMB Healthcare Services or if you fail to comply with the information requests, your HSA will be terminated if you haven't resolved your account after 90 days, and contributions will be refunded within 60 days after your account is closed. For help re-electing an HSA, go to the Mercer Marketplace 365 or call 1.855.879.6739.

Contribution Limits

You can contribute to the HSA to help pay for eligible medical, dental, vision and prescription drug expenses, now or in the future. The company may contribute too. How do I earn company contributions?

Company Matching Contributions*

For 2020, Robert Half will add to your HSA savings* when you make contributions. For every $1 you contribute to your HSA through payroll deductions, Robert Half will provide a matching contribution of $0.50, to a maximum of:

  • $500, if you enroll in the $1,500 Deductible Plan
  • $1,000, if you enroll in the $2,500 Deductible Plan

For example:

  • If you enroll in the $1,500 Deductible Plan and contribute $1,500 to your HSA, Robert Half will contribute $500. (You must contribute $1,000 to receive Robert Half’s full contribution of $500.)
  • If you enroll in the $2,500 Deductible Plan and contribute $1,500 to your HSA, Robert Half will contribute $750. (You must contribute $2,000 to receive Robert Half’s full contribution of $1,000.)

*Note: Employees in the Salaried Professional Service program are not eligible to receive matching HSA contributions.

Medical Plan Election If Robert Half Matches 50% of Your Contribution Up to…* If You Receive Robert Half’s Full Contribution, You Can Contribute Up to… 2020 Annual Total Contribution Limit
$1,500 Deductible Plan
Individual $500 $3,050** $3,550
Family $500 $6,600** $7,100
$2,500 Deductible Plan
Individual $1,000 $2,550** $3,550
Family $1,000 $6,100** $7,100

* Employees in the Salaried Professional Service program are not eligible to receive matching HSA contributions.

** If you’re age 55 or older, you can add $1,000 to your contribution amount.

Paying for Eligible Expenses

There are three ways to use your HSA to pay for eligible expenses:

  • Use your HSA debit card to pay directly at the point of service
  • Pay for services out of pocket and submit a claim for reimbursement
  • Use your HSA debit card to pay bills you receive from your provider’s office

If you don’t want to use the money in your HSA, you can also choose to pay for services out of pocket and not submit a claim for reimbursement. This way you save the money in your HSA for future medical needs.

You can use your HSA for out-of-pocket expenses that would generally qualify for the medical, dental and vision expense income-tax deduction:

✓ Deductibles
✓ Office visits
✓ Prescription drugs
✓ Hospital stays and lab work
✓ Speech/occupational/physical therapy
✓ Dental care
✓ Vision care

For a complete list of eligible expenses, see IRS Publication 502.

iconQualified Dependents

Your HSA funds can be used for care for you and any of your qualified dependents as defined by the IRS, including your:

  • Spouse (including same-sex spouses)
  • Children who are considered IRS tax dependents and are full-time students (age 19 through age 24), including stepchildren, foster children, children placed for adoption, legally adopted children, and children of domestic partners.
  • Incapacitated children age 26 and over who are permanently and totally disabled.

Please consult your tax advisor to see if your dependent meets the definition of an eligible dependent.

iconSave Your Receipts

Be sure to save your receipts — they’re your records of eligible expenses. Also, you may be asked to provide them as proof of payment.

HSA vs. FSA

Health Savings Account (HSA) Flexible Spending Accounts (FSAs)
Health Care FSA Combination Health Care FSA
Who is eligible? Employees who enroll in the $1,500 Deductible Plan or the $2,500 Deductible Plan
  • Employees who don’t enroll in a high-deductible medical plan
  • Employees who enroll in $1,500 Deductible Plan or the $2,500 Deductible Plan and choose not to contribute to an HSA
Employees who:
  • Enroll in $1,500 Deductible Plan or the $2,500 Deductible Plan
  • AND
  • Elect to contribute to an HSA
How much can I contribute in 2020?
  • $3,550 for single coverage
  • $7,100 for family coverage

Includes both your contributions and any contributions from Robert Half

Age 55 or older?
Contribute an additional $1,000 per year

$2,7004 $2,7004
Will Robert Half contribute? Yes; for 2020, Robert Half matches $0.50 of every $1 you contribute, up to certain limits1 No No
What are eligible expenses? Medical, prescription drug, dental and vision expenses not paid by your insurance2 Medical, prescription drug, dental and vision expenses not paid by your insurance2

Dental and vision expenses only until you meet the IRS deductible limit of:

  • $1,400 for individual coverage
  • $2,800 for family coverage

Once you meet the IRS deductible limit and submit the appropriate verification form for approval, funds can also be used for medical expenses.

What funds are available? Only the money in your account Your full contribution amount at the beginning of the year Your full contribution amount at the beginning of the year
How do I pay eligible expenses? Use your Mercer Marketplace 365/TRI-AD Benefits Card or file a claim for reimbursement Use your Mercer Marketplace 365/TRI-AD Benefits Card or file a claim for reimbursement For dental and vision expenses, use your Mercer Marketplace 365/TRI-AD Benefits Card (the same one that you use for your HSA expenses), or you can file claims directly for reimbursement. For medical expenses (once eligible), claims must be submitted manually.
What is the deadline for reimbursement? None For expenses incurred January 1 – December 31, 2020, you may submit claims for eligible expenses until March 31, 2021
What happens to unused contributions? Unused funds roll over for future health care expenses Unused funds are forfeited at the end of the year — go to Mercer Marketplace 365 to help calculate your expenses
Can I change my contributions at any time during the year? Yes, at any time; subject to administrative processing time Only within 30 days of a qualified life event, such as marriage or birth
Where can I go with questions?
iconClick for Footnotes

1 Robert Half matching contributions are not available to Salaried Professionals or part-time Robert Half employees.

2 See IRS Publication 502 for a complete listing of eligible health care expenses.

3 See IRS Publication 503 for a complete listing of eligible child and dependent care expenses.

4 Note to Highly Compensated Employees: If you are a Highly Compensated Employee (as defined by the IRS), it is possible your FSA contributions may be limited prior to the beginning of the plan year or suspended during the plan year depending on the outcome of certain nondiscrimination tests imposed on FSAs by the IRS. If a limitation or suspension becomes necessary, you will be notified in writing before it happens.