Spending and Savings Accounts
VPP offers five pre-tax accounts, which allow you to save on your everyday expenses.
Please Note
Dependent Care FSA Health Savings Account HSA Limited Purpose FSA Healthcare FSA Commuter
These accounts do not enroll automatically. When electing your benefits, be sure to select the spending or savings account of your choice and elect the contribution amount.
Electing these pre-tax spending and savings accounts can save you money on your out-of-pocket costs.
For example, if 30% of your paycheck goes to taxes, you could be saving 30% on healthcare, dependent care and commuter expenses.
Spending & Savings Accounts Summary
DCFSA
HSA
LPFSA
FSA
Commuter
Medical, Dental, Vision & Prescription expenses
Care for child, elder, or disabled dependent
Medical, Dental, Vision & Prescription expenses
Dental & Vision expenses only
Work related Parking & Transit expenses
Funds used for
You & Spouse must both be working (if unmarried does not apply)
Enrolled in PPO plan & Do not have an HSA
Use for work-related commute
Eligibility Requirements
Enrolled in HDHP Plan Enrolled in HDHP/HSA & Do not have an FSA
$7,500/year for household
$3,400/year for household
$3,400/year for household
Contribution Limits
$4,400/year individual $8,750/year for family
$340/ month transit $340/ month parking
Funds Availability
As you contribute
As you contribute
First day of coverage First day of coverage As you contribute
Changes
Yearly or QLE
Monthly
Yearly or QLE
Yearly or QLE
Monthly
No, but funds stay with employer
Expiration
Yes
No
Yes ($680 carry over)
Yes ($680 carry over)
Carrier
UMB Bank
UMB Bank
UMB Bank
UMB Bank
Wex
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