February 2021 Edition
Dear Valued Sterling HSA, FSA and HRA Accountholders,

We hope this finds you well. In this edition of our newsletter, we're including tips and reminders to help you make the most of your accounts. Thank you for being a Sterling accountholder. We sincerely appreciate your business!
HSA Accountholders
You May Contribute to Your 2020 Plan
Until Tax Day 2021
Watch the Video to Learn How
HSA To-Do List:
Download Your Tax Statements
Check your Beneficiaries
Verify your Coverage
DOWNLOAD YOUR TAX STATEMENTS. You can download them from our portal in just a few clicks. Just log on and click Statements, then Tax Statements. You can do this on our mobile app too!

CHECK YOUR BENEFICIARIES. This is the time of year to log on and ensure your beneficiaries are up to date. To change your beneficiary designation(s), just select the blue "Beneficiary" button on the left hand navigation and click to complete the form.

VERIFY YOUR COVERAGE STATUS. If your coverage status has changed from "single" to "family coverage" please log on and update your profile.

Reach out to us if you need help!
2021 HSA Limits
FSA 2021 Limits
FSA word on wood blocks concept with chart_ coins_ notebook and glasses.Business concept
  • 2021 Annual Limits for FSA and Limited Purpose FSA – $2750

  • 2021 Dependent Care - $5000/year (married or single-parent household) or $2,500 (married and filing separately)

  • 2021 Limits for Transit/Parking – $270/month
FSA - Maximizing Your Account
End of Year Statements and
Deadlines for Spending and Reimbursement
If you had an FSA with Sterling last year, you may be wondering how to find out how much you may have left to spend in your account, and your deadlines for spending and reimbursement. You can get this information from your Year End Statement.

To view your Year End Statement, simply log on to your FSA account and view “Statements” then select "Year End Statements." Click "Run Statement" to generate a report showing any remaining funds left to spend for 2020, and any associated deadlines for associated spending and reimbursement.

Your statement may include information on Rollover, Grace Period or Run-Out Period. Confused by those terms? Don't worry, below are the definitions.

ROLLOVER
If your plan has a rollover, you may move up to $550 of unused FSA funds to the following plan year.
The rollover doesn’t affect the following plan year’s maximum contribution amount.

GRACE PERIOD
If your FSA plan has a grace period, you have up to two-and-a-half months at the end of your plan year to spend unused FSA funds and incur new FSA eligible expenses. For example: If you had a December 31 FSA year deadline, your grace period would allow to use your FSA funds through March 15.

RUN-OUT PERIOD
If your FSA plan has a run-out period, you have an extended time at the end of the FSA plan year to submit receipts for reimbursement. You can only get reimbursed for claims incurred during the previous FSA plan year. The run-out period varies with each plan.

For more information on FSAs, visit our web site here, and if you have any questions about your Statement, contact Customer Service.
Direct Deposit is Available
Attention all accountholders -- we have direct deposit payments available for your claims reimbursement. Especially important during these times, online transactions will be much faster for you than paper checks. To add your bank, log on to your account, and provide your banking info on our secure site. Once your account info is on your profile it will carry over to our mobile app too! Contact us if you need help.
Want On the Go Access?
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Just log on to Sterling's mobile app with the same credentials you use on Sterling’s desktop site, and you’re ready to go! All your Sterling products automatically will load onto your app.

  • Check balances
  • Schedule contributions for HSA accounts
  • Schedule disbursements for HSA/HRA/FSA accounts
  • Substantiate debit card claims for FSA and HRA
  • Download tax statements (1099 SA and 5498 SA)
  • Download HSA activity statements
  • Upload claim receipts
  • COBRA qualified beneficiaries can view account info and payment history
Shop for Eligible Items Online
at the FSA Store and HSA Store
Sterling Administration partners with HSA Store and FSA Store, an easy-to-use online shopping platform that takes the guesswork out of what is an eligible purchase with your FSA and HSA plan funds. FSA and HSA Store have 24/7 chat and online help available to assist you with any questions.

  • For a list of FSA-Eligible items, click here.
  • For a list of HSA-eligible items, click here.
Don't forget to use these valuable coupons when you shop!
HSAs and Medicare
Did you Know? Your HSA Keeps Working After you Retire
Retirees cannot contribute to HSAs after enrolling in Medicare – but they can still use their existing HSA funds. If you don’t use the money in your HSA, you retain it. HSAs are also portable – meaning that when you change jobs or health insurers, you bring your HSA with you – even when you enroll in Medicare.