2023 Health Savings Accounts (HSA)

CoorsTek contributes into your Health Savings Account (HSA) when you’re enrolled in an eligible medical plan. CoorsTek’s contribution of $500 for an employee only or $1,000 for employee plus children/spouse/family is prorated and deposited into your HSA on a per pay period basis. These funds, plus your contributions to your account, can be used to pay for current and future qualified medical, dental, and vision expenses. Funds in your HSA are always yours to keep. WEX manages the employee HSA for CoorsTek.

The IRS sets the maximum dollar amount you can contribute to a HSA. The 2023 annual contribution limit is:

• Employee Only coverage  - $3850
• Employee + SP/CH/Family - $7750

 

If you are age 55 or older, you are eligible to make an additional annual catch-up contribution of $1000.

 

How do I access my account and funds?

You will receive a Visa debit card from WEX.

You must first call WEX at 866-451-3399. Then go to www.wexinc.com and create your online account.

Accepting the terms and conditions of your account online will activate your Visa debit card. You can also check your balance, order a new card, etc.

You can also log into your account through the WEX mobile app.

 

Investment opportunity

Once you have a $1,000 cash balance in your HSA, you have the option to invest those funds in $100 increments, if desired.

Log into your WEX account on wexinc.com and then select Videos & Forms > Quick Links > HSA Investment Options for fund information.

Contact WEX to get started!

 

Informational Handouts

• HSA Employee Handout (PDF, 200 KB)
• 2023 HSA Contribution Limits - IRS Regulations Handout (PDF, 187 KB)
• WEX Mobile App (PDF, 198 KB)
• HSA Funds Transfer Handout (PDF, 315 KB)

 

Forms

• WEX HSA Beneficiary Form (PDF, 121 KB)
• WEX HSA Funds Transfer Request Form (PDF, 125 KB)

 

HSA Participation Videos: 

Health Savings Account (HSA)
Open Enrollment Video

Why Should I Get a Health Savings Account?