Health InsuranceThe United Healthcare Health Savings Account ("HSA") is a tax-advantaged medical savings account which has benefit of off-setting the deductibles by receiving both your pre-tax contributions, as well as Alchemy Global Networks' contributions monthly in the amount of $150 (totaling $1800 if employed for the entire year). The funds contributed to this account are not subject to federal income tax at the time of deposit. HSA funds roll over and accumulate year-to-year if they are not spent and are owned by YOU, even if you leave Alchemy Global Networks. HSA funds may be used to pay for qualified medical expenses at any time. Another benefit of your HSA is that qualified funds can be invested in a manner similar to investments in an Individual Retirement Account (IRA).
** Alchemy Global Networks reserves the right to determine its HSA contributions on a year by year basis **
The UHC PPO is a Health Reimbursement Account Plan. Alchemy Global Networks will reimburse your family for approved deductible amounts through the third party administrator. Once you, as the insured, submit EOB claims for the in-network deductible, Alchemy Global Networks's reimbursement of the approved deductible amounts will be processed by direct deposit.