HEALTH AND DEPENDENT CARE SAVINGS/SPENDING PLANS HEALTH SAVINGS ACCOUNT (HSA)
ELIGIBLE ONLY WHEN ENROLLED IN HSA 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, dental or vision 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: • $4,300 individual • $8,550 family • $1,000 over age 55 catch up contribution
PLAN INFORMATION
EMPLOYEE CONTRIBUTION
PLAN ADMINISTRATOR
FLEXIBLE SPENDING ACCOUNTS (FSA): HEALTH CARE & DEPENDENT CARE
ELIGIBLE FOR HEALTH CARE FSA ONLY WHEN ENROLLED IN PPO MEDICAL PLAN OR IF MEDICAL COVERAGE IS WAIVED. 65%+ FTE FACULTY 75%+ FTE STAFF Employees may contribute pre-tax dollars to pay eligible dependent day care expenses and/or health care expenses that are not covered by medical, dental or vision 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 up to $5,000 per calendar year Health Care: employees may contribute up to $3,200 per calendar year
ELIGIBILITY
PLAN INFORMATION
FSA EMPLOYEE CONTRIBUTION
PLAN ADMINISTRATOR
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