What is the Health Savings Account (HSA) option?
• a medical plan that covers eligible medical and prescription drug expenses, and • an interest-bearing savings account to help you pay for current and future medical expenses that both you and Alcoa contribute to. You can use the account to pay for current and future health care expenses. Some important points about the HSA option: • To help you begin saving, each year Alcoa will deposit $400 for single coverage and $800 if you cover two or more people – even though some companies don’t deposit money in these accounts for their employees. • For 2010, you can deposit up to $2,650 if you have single coverage and $5,350 if you cover two or more people. • The money in the account can grow over time – you earn interest on the money and, if you don’t use all of the money in your account, the balance rolls over to the next year. You can also take advantage of investment options similar to those available through a 401(k) plan after you have accumulated a specified balance. • You never pay fe
