The Account at a Glance

MMC Benefits Handbook


Plan Feature	Highlights
How the Account Works	The Health Savings Account is a tax-advantaged account available to employees who elect the Marsh & McLennan Companies $1,600 Deductible Plan or $3,200 Deductible Plan. You contribute to your account through payroll deductions on a before-tax basis. You can make a tax-free withdrawal up to the balance available in your account to cover qualified medical expenses. Your account can also pay for non-qualified medical expenses, although withdrawals for such expenses are subject to federal, state, and local taxes, as applicable, and in most cases a penalty tax. Amounts contributed to the Health Savings Account belong to you and are completely portable. Although you cannot roll the Health Savings Account funds over into an Individual Retirement Account (IRA), you can roll the Health Savings Account funds into another Health Savings Account.
Eligibility	You are eligible if you are an employee classified on payroll as a US regular employee of Marsh & McLennan Companies or any subsidiary or affiliate of Marsh & McLennan Companies (other than Marsh & McLennan Agency LLC and any of its subsidiaries (MMA)). You are eligible if you are an employee classified on payroll as a US regular employee of Marsh & McLennan Agency LLC – Corporate (MMA-Corporate), Marsh & McLennan Agency LLC – Alaska (MMA-Alaska), Marsh & McLennan Agency LLC – Northeast (MMA-Northeast), Security Insurance Services of Marsh & McLennan Agency LLC or Marsh & McLennan Agency LLC, Private Client Services – National Region (MMA PCS – National). See "Participating in the Account" for details.
Enrollment	Once you decide how much to contribute to the Health Savings Account, you enroll by going to Colleague Connect (https://mmcglobal.sharepoint.com/sites/Home). Click Pay & Benefits and select Aptia365 Benefits Enrollment Website under Benefits. You are eligible to establish a Health Savings Account anytime during the plan year if you are enrolled in the Marsh & McLennan Companies $1,600 Deductible Plan or $3,200 Deductible Plan, or during annual enrollment.
Contributions	For 2024, you can contribute up to: $4,150 per year if you have individual coverage, or $8,300 per year if you have family coverage. If you are age 55 or above, you may make additional contributions as described in the catch-up contribution question.
Withdrawals	In general, you may withdraw from your Health Savings Account for qualified medical expenses on a tax-free basis for yourself as the employee covered by a high deductible health plan, your spouse (even if he or she is not covered by a high deductible health plan), and your qualifying family members (even if not covered by a high deductible health plan). Withdrawals for services and items other than qualified medical expenses are subject to federal, state, and local taxes, as applicable, and an additional 20% penalty unless the withdrawal occurs after you reach age 65, are disabled or die. See "How the Account Works" for details.
Unused Balance at Year-End	Any unused balance in your account at year-end remains in your account, even if you do not participate in the Marsh & McLennan Companies $1,600 Deductible Plan or $3,200 Deductible Plan next year.
Contact Information	For more information, contact: Claims Administrator/Health Savings Account Administrator Spending Account Service Center P.O. Box 350 Conshohocken, PA 19428 Phone: +1 866 324 4087 Fax: +1 888 788 1928 Website: https://trion.lh1ondemand.com/ Marsh McLennan does not administer this plan. The Health Savings Account Administrator's decisions are final and binding.