Janet
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What if I decide to enroll in a non-qualified HSA medical plan? What happens to the funds in my HSA?
If you choose to enroll in a non-high deductible health plan (HDHP), you are no longer eligible to contribute funds into the HSA. You still have access to use the funds within the HSA, you just can...
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What are catch-up contributions?
Individuals age 55 and older may contribute an additional $1,000 per year above the HSA maximum.
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Can I withdraw funds for non-medical expenses?
Individuals age 55 and older may contribute an additional $1,000 per year above the HSA maximum.
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Can I withdraw funds for non-medical expenses?
At age 65, or if you become disabled, funds in your HSA can be used for non-medical expenses. Those funds would have to be claimed as taxable income and regular income tax would apply. At age 65, o...
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What happens to my HSA when I terminate employment?
The HSA is yours. Any funds within the HSA at the time of your termination remain accessible to you after termination. Just keep in mind that you can no longer contribute funds into the HSA unless ...
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Do I need to remember to place my order each month?
No, the GoNavia Commuter program can be set to load your Navia Benefits Card with your transit and/or parking amount automatically each month. You will receive an email reminder each month in advan...
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What if the amount I order is more than the IRS allowable monthly limit?
If your monthly order exceeds the monthly IRS limit, the exceeding amount is noted on your order confirmation page. Your employer will deduct this amount from your paycheck on an after-tax basis. I...
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What is the monthly “tax-free” limit?
The current monthly limit is $265 for transit and $265 for parking. These monthly limits are subject to change per IRS regulations.
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What is the deadline to place my commuter order for the following month?
Your orders must be placed midnight on the 20<sup>th</sup> of the previous month, unless otherwise indicated in your participant portal account. Your Navia Benefits Card will be loaded between the ...
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What happens to the transit and/or parking balance on my benefits card at the end of the benefit month?
The balance will roll over from month-to-month as long as you are an active employee and remain eligible for this benefit.