A health savings account is a tax-exempt medical savings account that’s tied to a High Deductible Health Insurance Plan (HDHP). An HSA offers many great advantages to help you budget for and save on eligible expenses for yourself and your eligible dependents.
- You own it: You own your HSA, and can even take it with you if you leave Labcorp.
- You choose how to use it: You choose how much you want to contribute to your HSA and you can change your contribution throughout the year. The way you use your HSA is up to you, whether you use it for expenses during the year or let it roll over from one year to the next to use for eligible expenses in the future.
- You save: All of your per paycheck contributions to the HSA are on a pre-tax basis.
Your benefits
Labcorp’s Health Savings Accounts are administered by Optum Financial. You can find more information on Benefits Central.
You can reach out to PeopleCare at 888-800-4002 (Mon-Fri, 8am-8pm ET) or peoplecare@adp.com to learn more about your Labcorp benefits.
