Health Savings Account

HSA – Optum Bank

This account is available ONLY if you enroll in a High Deductible Health Plan (HDHP) like the Choice Plus HSA that is being introduced this Plan Year. An HSA gives you the opportunity to set aside money via pre-tax payroll deductions, which you can then use to pay for qualified medical expenses for yourself and eligible dependents. This includes doctor visits, prescriptions, dental and vision expenses. As an employee of Sonny’s Enterprises LLC participating in the HDHP medical plan Choice Plus HSA, Sonny’s will contribute $500 for Employee Only coverage and $1,000 for Employee + Dependent(s) coverage into an employee’s HSA when enrolled in the Choice Plus HSA Medical Plan for the 2026-27 plan year.

Health Savings Account (HSA)

To qualify for an HSA, you must meet the following criteria:

You must be enrolled in a High Deductible Health Plan.
You cannot be enrolled in another health plan that is not an HDHP Plan OR enrolled in Medicare.
Not be eligible to be claimed as a dependent on someone else’s tax return.

An HSA is a “portable” account. You own your HSA! It’s included in your employee benefits package, but after you set up your account, it’s yours to keep, even if you change jobs or retire. Once your HSA is established and money is contributed to your account, you can then use your HSA dollars tax-free to pay for eligible health care expenses such as doctors’ office visits, prescription drugs, and much more. Best of all, you decide how and when to use your HSA dollars.

Why is it a good idea to have an HSA?

Tax-free deposits – Money contributed to your HSA isn’t taxed (up to the IRS annual limit).
Tax-free earnings – Your interest and any investment earnings grow tax-free.
Tax-free withdrawals – The money used toward eligible health care expenses isn’t taxed now or in the future.
Setting aside pre-tax dollars into your HSA means you pay fewer taxes and increase your take-home pay by your tax savings.

HSA funds roll over from year to year and accumulate in your account. There is no “use-it-or lose-it” rule with HSAs, and you decide how and when to use your HSA funds. And when you have a certain balance in your HSA, investment opportunities are available.

Contribution Limits:

You choose how much you want to contribute to your HSA based on IRS rules. Combined employer and employee contributions cannot exceed the annual IRS maximum for 2026:

$4,400 for employee only
$8,750 for employee + dependent(s) for 2026.
$1,000 catch up contribution for individuals over 55 years old

If you have any questions email us at HRBenefits@sonnysdirect.com.

for more information about your HSA account please call 1-800-791-9361 or visit www.myuhc.com.

Please note that the benefit plans depicted on our website are for illustrative purposes only. They are intended to provide a general overview of the options available and should not be construed as representations of the final terms of any actual benefit pan. If there is any discrepancy between the information presented in these illustrations and the specific terms of the benefit plan you choose the provisions of your chosen plan will govern. Always refer to your official plan documents for detailed and biding information.