SAVINGS/SPENDING ACCOUNTS
HEALTH SAVINGS ACCOUNT (HSA)
ELIGIBLE ONLY WHEN ENROLLED IN HDHP MEDICAL PLAN 65%+ FTE FACULTY 75%+ FTE STAFF
ELIGIBILITY*
EMPLOYEES MAY CONTRIBUTE PRE-TAX DOLLARS TO PAY ELIGIBLE* HEALTH CARE EXPENSES THAT ARE NOT COVERED BY MEDICAL OR DENTAL PLANS HSA BALANCE CARRIES OVER YEAR TO YEAR UC CONTRIBUTION IS BASED ON TOTAL ANNUAL BASE PAY (UC + UCP) MAXIMUM ANNUAL COMBINED EMPLOYER AND EMPLOYEE CONTRIBUTION: $3,550 INDIVIDUAL $7,100 FAMILY $1,000 OVER AGE 55 CATCH UP CONTRIBUTION
PLAN INFORMATION
EMPLOYEE CONTRIBUTION
PLAN ADMINISTRATOR
HEALTH EQUITY BANK– SAVINGS ACCOUNT AND DEBIT CARD
FLEXIBLE SPENDING ACCOUNTS (FSA): HEALTH CARE AND/OR DEPENDENT DAYCARE
EMPLOYEES ENROLLED IN THE HDHP/HSA ARE NOT ELIGIBLE TO CONTRIBUTE TO A HEALTH CARE FSA. EMPLOYEES ARE ELIGIBLE FOR HEALTH CARE FSA ONLY IF ENROLLED IN PPO MEDICAL PLAN OR IF MEDICAL COVERAGE IS WAIVED.
65%+ FTE FACULTY 75%+ FTE STAFF
ELIGIBILITY*
EMPLOYEES MAY CONTRIBUTE PRE-TAX DOLLARS TO PAY ELIGIBLE* DEPENDENT DAY CARE EXPENSES AND HEALTH CARE EXPENSES THAT ARE NOT COVERED BY MEDICAL OR DENTAL PLANS ANNUAL CONTRIBUTION MUST BE APPLIED TO EXPENSES INCURRED IN SAME PLAN YEAR UNUSED BALANCES MAY BE CLAIMED UNTIL 02/28 OF THE FOLLOWING PLAN YEAR, AFTER WHICH THEY ARE FORFEITED DEPENDENT CARE: EMPLOYEES MAY CONTRIBUTE $250-$5,000 PER CALENDAR YEAR HEALTH CARE: EMPLOYEES MAY CONTRIBUTE $120-$2,400 PER CALENDAR YEAR
PLAN INFORMATION
EMPLOYEE CONTRIBUTION
PLAN ADMINISTRATOR
CHARD SNYDER
* CERTAIN IRS RESTRICTIONS APPLY FOR MORE INFORMATION ON SPENDING/SAVINGS ACCOUNTS: http://www.uc.edu/hr/benefits/fsahsa.html
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