2019 Health & Life Insurance

Health Savings Account

When you enroll in Health Choice 1 or 2, you’ll be asked to confirm your eligibility to contribute and agree to have a PNC BeneFit Plus HSA opened in your name. You can use the HSA to save money on a pretax basis* to pay for eligible health care expenses, now and in the future. Your HSA balance rolls over from year to year and is yours to keep, even if you leave PNC.

You can build your HSA balance through your and PNC’s contributions, if applicable, up to IRS limits (below):

  • Your contributions: Contributing pretax dollars reduces your taxable income and saves you money. During enrollment, you can elect how much to contribute to the HSA via pretax payroll deductions (up to IRS limits). You can change your contributions at any time (up to the limits per month).
  • Wellness credits: You can earn up to $600 in wellness credits deposited in your HSA as you complete wellness incentive activities throughout the year. If your covered spouse/domestic partner participates, you can earn an additional $400 in your HSA. (Note: The wellness incentive activities and credits outlined in the 2018 Wellness Incentive Checklist will apply for 2019 as well.) Learn more.
  • PNC salary-based HSA contributions: PNC may contribute to your HSA based on your earnings. If eligible, funds are deposited in your account in equal amounts each pay period throughout the year. Contributions are based on your prior year W-2 earnings (or base salary for new employees hired during the year) and your medical option coverage level as shown below.

Available PNC Contributions to Your HSA in 2019
PNC Salary-Based Contribution*
(annual amount deposited in equal installments throughout the year)
Wellness Credits
(annual amount of wellness credits earned for completing wellness activities throughout the year)
Earnings
(2017 W 2 earnings or base salary for those hired in 2019)
If you cover only yourself If you cover eligible family members For a covered employee For a covered spouse/domestic partner
Less than $50,000 $500 $1,000 Up to $600 Up to $400
$50,000 but less than $100,00 $250 $500
$100,000 or more $0 $0
*The amount is prorated if you’re enrolled in Health Choice and the HSA for less than the full year or if you change your participation mid-year due to a qualified life event.

Learn More

For a closer look at how the account works, eligibility, contributions, incentives, eligible expenses and how to access and manage your account, take a look at the 2019 HSA User Guide.

For details on HSA and Medicare, please review these guidelines.

* Contributions to an HSA are exempt from federal and most state taxes. Currently, only contributions in California, Alabama and New Jersey are subject to state taxes.