• Home
  • What’s up?
    • What do I need to know?
    • What’s new for 2016?
  • Medical benefits
    • What are the medical plan choices?
    • How do the medical options compare?
    • What about prescription drugs?
    • How can I save money on qualified expenses?
  • Other benefits
    • Dental
    • Vision
    • Spending and savings accounts
    • Life and AD&D
    • Disability
    • Vacation purchase
    • Legal Plan
    • Voluntary benefits
    • Shopping programs
  • Newly hired?
  • About retirement
    • Hired BEFORE
      January 1, 2004?
    • Hired ON or AFTER January 1, 2004?
    • Will you have enough $$$ to retire?
    • Planning to retire in 2016?
  • Okay, GO!
    • Who is eligible?
    • What do I need to do?
    • What if I change my mind?
It’s worth the investment of time and money to maximize your retirement savings — even if you’re a GRP participant.
Auto-Save allows you to elect an automatic increase of your savings until you reach a target savings amount. You pick the target, the amount of each increase, the frequency of the increase, and the date to start.
If you elect Ford Medical Plan PPO coverage, the Company will help you save for current and future qualified medical expenses by depositing $500 (you only) or $1,000 (you + one or more) into your HSA each year — even if you contribute $0 of your own money!
Top reasons to use an HSA:
  • It’s sort of like a 401(k) for health care, because it allows you to reduce your taxable income and keep more of your pay. But here’s the best part: you won’t pay taxes on the money when you use it for qualified expenses, either!
  • If you don’t use the money in your account, it will be available for future medical expenses — even after you retire.
  • The money in your HSA belongs to you. You can take your account with you if you leave the Company.
  • There is no “use it or lose it” provision. Any money remaining in your HSA at the end of a year stays in your account and earns interest on a tax-free basis.
  • You have the option to start, stop, increase or decrease your HSA contributions at any time during the plan year.
  • An HSA has a banking partner that offers you options to invest the money in your account when your balance is more than $1,000.
Top reasons to use an HSA:
  • It’s sort of like a 401(k) for health care, because it allows you to reduce your taxable income and keep more of your pay. But here’s the best part: you won’t pay taxes on the money when you use it for qualified expenses, either!
  • If you don’t use the money in your account, it will be available for future medical expenses — even after you retire.
  • The money in your HSA belongs to you. You can take your account with you if you leave the Company.
  • There is no “use it or lose it” provision. Any money remaining in your HSA at the end of a year stays in your account and earns interest on a tax-free basis.
  • You have the option to start, stop, increase or decrease your HSA contributions at any time during the plan year.
  • An HSA has a banking partner that offers you options to invest the money in your account when your balance is more than $1,000.