Pre-Tax Medical Savings Accounts Comparison Comparison of Tax-Advantaged Medical Savings Accounts Below is a summary of the tax-advantaged savings plans.
HSA
Health Care FSA
Dependent Care FSA
Employees who elect the $2,000 or $3,000 Deductible Medical plans and meet the other eligibility requirements (see below)
Employees who elect the $750 Deductible Medical Plan. Note: Enrollment in a NextGen Healthcare medical plan isn’t required in order to enroll in and contribute to a Health Care FSA Eligible medical, dental, and vision expenses you incur that are not covered by insurance
All eligible employees. Note: Enrollment in a NextGen Healthcare medical plan isn’t required in order to enroll in and contribute to a Dependent Care FSA Eligible day care expenses for your children under age 13 or dependent elders who live with you • Before-school and after- school care • Day camp • Day care center • Nursery school/preschool • Elder care • Services by housekeepers, au pairs or nannies whose primary responsibility is to care for the dependent
Who Can Enroll
Current or future eligible medical, dental, and vision expenses that are not covered by insurance
What to Use it For
• Plan deductibles and coinsurance • Copays for medical, dental, and vision services • Eyeglasses and LASIK eye surgery • Hearing aids and batteries
Examples of Eligible Expenses
$2,000 Deductible Plan NextGen Healthcare contributes: • Employee only: $500 • Family: $1,000 $3,000 Deductible Plan NextGen Healthcare contributes: • Employee only: $750 • Family: $1,500
Receive Company Contributions?
No
No
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