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How It Works
LiveHealth Online allows you to use your smartphone, tablet or computer with a webcam to have a secure, private video visit with a doctor in minutes. There are no appointments necessary or long wait times. Video or phone chats with a physician or psychologist are paid at 100 percent with no deductible through December 31, 2024.
Get help with health issues, including:
- Colds
- Flu
- Allergies
- COVID-19
- Sinus infections
- Pink eye and other eye infections
- Bronchitis
- Psychological issues
- Diarrhea
- Urinary tract infections
- Rashes
Health Advocate Can Help You:
- Think through your choices during Open Enrollment
- Find doctors, hospitals, dentists and other health care providers
- Work with your insurance company to obtain approvals for services
- Schedule appointments with providers, including hard-to-reach specialists
- Resolve insurance claims
- Get more information about test results or medications
Take advantage of Health Advocate today!
Tax Advantages
- Before-Tax* Contributions. Your contributions to the account are made on a before-tax basis. Contributions can be made up to the IRS limit, which the government sets once a year. The IRS limits for 2024 are:
- Employee Only — $4,150
- Employee + One or Employee + Family — $8,300
- Age 55 or Older — $1,000 more
- Tax-Free** Earnings. All earnings on the money in your account grow tax free.
- Tax-Free** Withdrawals. When you use the money to pay for qualified health care expenses, the withdrawals are tax free.
*Before-tax for federal purposes. State tax treatment may vary.
**Tax-free for federal purposes. State tax treatment may vary.
How the HSA Works
Get your questions answered below by reviewing some common questions employees have about the HSA.
Watch a video to discover how the triple-tax advantage in the HSA helps you save your money and keep it out of the tax man’s hands!
What You Pay for Dental Coverage
| Coverage Level | Your Biweekly Before-Tax Contribution |
|---|---|
| Employee Only | $6.96 |
| Employee + One | $13.92 |
| Employee + Family | $20.88 |
How The Plan Works
The Hess Dental Plan is administered by Delta Dental. The plan pays for a wide range of services, including preventive, restorative and orthodontic care at more than 150,000 participating dentists.
Prevention Is Key
One of the best ways to keep your teeth healthy is to maintain good habits and seek preventive care. To help you maintain good preventive care, the dental plan includes these features:
- Preventive care does not count toward the $2,000 annual maximum plan benefit. This means that only restorative, prosthodontic and orthodontic care are counted toward the annual maximum.
- Additional preventive care benefits are available for those with chronic medical conditions — such as diabetes or heart disease — through SmileWay Wellness Benefits. You must opt in to these optional benefits on deltadentalins.com to receive the additional services. Learn more about these benefits through SmileWay.
Want to Know How Much a Dental Procedure Will Cost?
Use Delta Dental’s Cost Estimator tool. It helps you accurately estimate your dental costs before you receive care. Find details here.
Dental Plan Overview
Review the following chart to see what benefits the dental plan covers. You can go to any dentist you want, but note the difference in what you pay for services if you stay in network.
| IN NETWORK | OUT OF NETWORK | |
|---|---|---|
| FEATURES | ||
| Deductible | None | Individual: $50 Family: $150 |
| Preventive Care | 100% | 100% |
| Restorative Care | 80% | 70% after deductible |
| Prosthodontic Care | 60% | 60% after deductible |
| Orthodontic Care (Children and Adults) | 50% | 50% after deductible |
| Annual Maximum (Per Person) | $2,000 | $1,500 |
| Orthodontic Lifetime Maximum (Per Person) | $2,500 | $2,500 |
IRS Annual Limits
The IRS determines the maximum combined amount that can be contributed to 401(k) plans each year. For 2024, the maximum you can contribute to the Hess Savings Plan using before-tax and/or Roth contributions is $23,000 (or, if you are age 50 or older, $30,500 if you make the full $7,500 catch-up contribution). In 2024, total contributions (yours and Hess’) to the Hess Savings Plan are limited to $69,000 or $76,500 if you make catch-up contributions. Your before-tax, Roth after-tax, regular after-tax and company matching contributions all count toward the annual limits.
The table below provides a breakdown of each type of contribution you can make.
| Contributions | |||
|---|---|---|---|
| Regular | Catch-Up | Total | |
| Combined Before-Tax and Roth After-Tax | $23,000 | $7,500 | $30,500 |
| Company Match | Varies depending on eligible pay | Not applicable | Varies depending on eligible pay |
| Regular After-Tax* | $46,000 less company match | Not applicable | $46,000 less company match |
| Combined Total | $69,000 | $7,500 | $76,500 |
Choose Your Investments
The Savings Plan offers a wide variety of investment funds, so you can choose the ones that best fit your financial goals, risk tolerance and time horizon for using the money. You invest your contributions and the company matching contributions, so your savings have the potential to grow into even more money. You can choose individual stock and bond funds, or you can select from several pre-mixed funds that invest in both types of assets. See the Hess Savings Plan Investment Guide for more information about your investment options.
The Company Match
Who doesn’t love free money? When you participate in the Savings Plan, you get paid to save!
You are eligible for the company match as soon as you enroll in the plan and begin making contributions. If you contribute more than 6 percent and reach the IRS annual limit before the end of the year, the company will continue making the matching contribution until 6 percent of your eligible pay is matched.
See page 11 of the Hess Savings Plan Investment Guide for an example of how the company match can help your account grow more quickly. It assumes your annual pay is $75,000, you contribute 6 percent and the rate of return is 6 percent. After 25 years, your account balance will have an extra $348,065 with the company match. Keep in mind, however, that the company match is discretionary, which means the company intends to provide the match but may decide it needs to change or stop the match.
Your Contribution Options
- Before-Tax Contributions
Before-tax contributions come out of your paycheck before federal (and, in most cases, state) income tax is deducted. So, you’re taxed on a lower amount of income, which means you get a tax break up front. And the money you save — including investment earnings — won’t be taxed until you withdraw it from the plan after age 59½. - Roth After-Tax Contributions
The Roth feature means you contribute after-tax dollars into the Savings Plan, so you won’t have to pay taxes on these contributions when you take them out. With a Roth account, your earnings come out tax-free, provided you hold the account for at least five years and don’t withdraw the money until at least age 59½. - Regular After-Tax Contributions
You can contribute regular after-tax dollars into the Savings Plan. You can take out regular after-tax contributions while you are still working — in full at any time or a portion once every 12 months. Any associated earnings will be subject to ordinary income tax and a 10 percent penalty if withdrawn before age 59½. - Catch-Up Contributions
If you’re age 50 or older, consider making additional catch-up contributions up to the IRS annual limit, which can help you boost your savings before you retire. See the Key Terms section on page 24 of the Hess Savings Plan Investment Guide for more details.