HomeMy WebLinkAbout2020-128 (City Contribution to Health Savings Account effective January 1, 2021) RESOLUTION 2020-128
APPROVING CITY CONTRIBUTION TO HEALTH SAVINGS ACCOUNT EFFECTIVE
JANUARY 1,2021
BE IT RESOLVED,by the City Council of the City of Stillwater,Minnesota,that the City contributes to
health savings accounts for employees who select a high deductible health plan; and
BE IT FURTHER RESOLVED,the City shall contribute the following annual amount toward a Health
Savings Account for employees that enroll in the High Deductible Health Plan with Health Savings
Account(H.S.A.)administered by Further, St. Paul,Minnesota(prorated per month of hire):
HEALTH SAVINGS ACCOUNT SINGLE FAMILY
Health Savings Account City Contribution $ 750 $1,500
BE IT FURTHER RESOLVED,that if an employee enrolls in the High Deductible Health Plan and is
not eligible to participate in a Health Savings Account due to an age cap imposed by the IRS,then the
City shall contribute to a medical flexible spending account up to $750 or up to $1,500 single or family,
respectively.
BE IT FURTHER RESOLVED,effective January 1,2021,the maximum election amounts for Flexible
Spending administered by Further, St. Paul,Minnesota,will be the following, said amounts eligible for
adjustment should Federal or IRS rates change:
Medical Maximum Election $2,750.00 Dependent Care Maximum Election $5,000.00
Adopted by the City Council this 15 day of December, 2020. ATTEST:
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Ted Kozlowski, Mayor Beth Wolf, City Clerk