The Cigna and Kaiser HDHP with HSA Plans qualify as a high deductible health plan, giving you access to a tax advantaged Health Savings Account (HSA). 
Health Savings Accounts are terrific tax-efficient savings accounts that allow you to put aside pre-tax dollars out of each paycheck to pay for future medical, dental and vision expenses. HSA funds never expire – they are yours forever, even if you leave Pulmonx. These funds roll over each year, allowing you to build a savings account for health care expenses or for retirement.

• Once your HSA balance reaches $1,000, you may invest these funds and let them grow tax-free.

• After age 65, you can spend HSA money on unqualified expenses without paying a tax penalty, but you are subject to applicable income taxes.

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2024 HSA Contribution Maximums (employer and employee contributions combined)

• $4,150 for employee only coverage on the Cigna or Kaiser HDHP medical plan

• $8,300 for employee plus family coverage (enrolled with one or more family members on the Cigna or Kaiser HDHP medical plan)

In addition to the money that you may elect to set aside from each paycheck, Pulmonx will fund your HSA for 2024.  The total HSA contribution will be received in January. 

• If you cover only yourself, Pulmonx will contribute $850 per year*

• If you cover yourself and one or more dependents, we will contribute $1,700 per year*

* For new employees hired July 1st through the end of the calendar year, Pulmonx will contribute 50% of the annual amount or $425 when you enroll yourself (employee only coverage) or $850 when you enroll as a family (you plus at least one or more dependents).

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 Learn more about the Health Savings Accounts and eligible expenses.