If you enroll in the Consumer Driven Health Plan, a Health Savings Account (HSA) is automatically opened for you after you take the survey and confirm you are eligible. The HSA is a tax-free savings account that is funded by pre-tax payroll contributions from you and the Trust Fund. The Trust Fund will contribute $750 per person/$1500 per family each year to your HSA up front if you qualify, regardless of the coverage level you choose. In addition, since you own the HSA, you can decide to automatically deduct funds from your paycheck in equal amounts on a pre-tax basis over a 12-month period.

 Since you own the HSA, you can decide to contribute as well, up to the permitted annual IRS limit in 2024 of $4,150 per individual and $8,300 per family. If a participant makes contributions outside of the payroll contributions, they need to adjust the payroll contribution so that they do not exceed IRS maximums.

The information provided on this page is only a brief description of the Benefit Plans offered to participants under the IBEW/Western Utilities Health & Welfare Trust Fund. For detailed information on the health savings account plan options available to you, please log-in and download the Plan’s Summary Plan Description or Open Enrollment Guide in the Documents/Forms section of this website.