2025 Health Savings Account (HSA) Overview

Employees that elect for the Medical Base plan are solely eligible for a Health Savings Account (“HSA”) offered by Dow Aero (“Company”); an HSA plan is only available to participants enrolled for a high deductible healthcare plan. Medical Buy Up plan participants and employees that waive medical insurance benefits are not eligible for a HSA, as in accordance with Internal Revenue Service (IRS) requirements; these employees should review the Company’s Flexible Spending Account (“FSA”) offerings, which they would be eligible for and that provides similar tax savings as an HSA.

An HSA is an excellent way for employees to maximize their take-home pay as deductions from their payroll are pretaxed. Unlike an FSA, employee contributions for an HSA have no expiration dates. Employees current account balances would even still remain available to them should the Company not offer a high deductible healthcare plan for any future plan year; funds could be transferred to an HSA provider they have chosen themselves in this event.

Select here to learn more about a HSA >

Contribution Limits

For this current plan year, Health Savings Account (“HSA”) contributions are limited to:

• $4,300 Individual

• $8,550 Family

Employees over the age of fifty-five (55) may contribute an additional $1,000 per year. These limits have been determined in accordance with Internal Revenue Service (IRS) requirements; contribution limits may be updated annually.

Qualifying Expenses

A Health Savings Account (“HSA”) can be used to pay for qualifying healthcare related costs for employees, along with their eligible partner and children. These qualifying healthcare expenses include:

Select here for a complete list of eligible expenses >

Member Account

Health Savings Account (“HSA”) plan subscribers can optionally create and login to a member account that includes online access for:

• Checking balances;

• Reviewing claims and payments;

• Uploading receipts.

A mobile app is also available for iOS and Android devices.

Investments

Once your HSA reaches a minimum $1,000 cash balance, you can start investing your HSA funds. There are three investment models to choose from based on your experience—Managed, Self-Directed, and Brokerage. Whether you’re new to investing and are looking for a guided experience or are a seasoned investor looking to research and trade stocks and ETFs, you will have an investment model that best fits your needs. If your investment needs ever change, you can switch your investment model at any time.

You can also transfer funds between your HSA cash balance and investment balance at any time.

Disclaimer

Investing has inherent risks. Mutual funds are chosen by the plan provider. These funds are presumed to deliver the strongest performance, but there are no certainties to success.

Purchases

You can pay for qualified medical expenses with your HSA by either using your Benefits Card or using online bill pay.

Benefits Card

Your Benefits Card is a prepaid debit card that lets you pay for eligible expenses directly from your HSA. Your card is mailed to you when you first enroll.

Simply use it at the register or make an online payment to activate it—no need to call. You can use your Benefits Card to pay for eligible expenses at a variety of retailers. Visit www.ebcflex.com/WheretoShop for more information.

Online Bill Pay

If you purchase a qualified medical expense without using your Benefits Card, you can pay yourself back for the eligible expense with online bill pay.

You can also use online bill pay to send a payment directly to a provider.

To access your online bill pay:

1. Login to your online account at www.ebcflex.com.

2. Select your HSA tile.

3. Click on your HSA balance.

4. Select HSA Bill Pay.

You are responsible for ensuring that your HSA funds are only spent on qualified medical expenses. You do not need to submit any receipts or documentation. However, is a good idea to save health care bills and documentation in case of an IRS audit. If you choose to withdraw HSA funds for non-qualified expenses, you will be subject to income tax plus a 20% penalty tax on the amount of the withdraw.

Select here to access the largest selection of HSA-eligible items online >

Termination

Health Savings Account (“HSA”) access ends immediately upon occurrence of a termination event; account balances will remain available for employees to collect. Any scheduled deductions shall not be suspended on an employee’s final qualifying payroll.

Provider Contact Information

Health Savings Account (HSA) | Employee Benefits Corporation (EBC)
1.800.346.2126 | Participant Services 7:00am - 7:00pm CST M-F
www.portals.ebcflex.com| Web

Plan Details

Plan Name - Dow Aero HSA
Plan Number -
Plan Provider - Employee Benefits Corporation (EBC)

Plan Documents

Health Savings Account (HSA) Plan Summary >

* It is highly recommended that you carefully review any appropriate plan documents prior to enrollment.

Disclaimer

Content provided above is maintained by the Company’s Human Resources (“HR”) department, in collaboration with knowledgeable third-parties. The Company takes reasonable efforts in ensuring details about the plan(s) above are accurate. However, the plan document shall govern in the event an inconsistency is discovered between this resource, or any other oral or written description of benefits, and a formal plan document; please notify the Company’s HR department immediately should a potential error be identified.

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