A WageWorks® Healthcare Flexible Spending Account (FSA) is a pre-tax benefit account used to pay for eligible medical, dental, and vision care expenses that aren’t covered by your insurance plan or elsewhere. It’s a smart, simple way to save money while keeping you and your family healthy and protected.
A WageWorks Health Savings Account (HSA) is like a 401(k) for healthcare. Combined with your company’s qualified high-deductible health plan, a WageWorks HSA gives you an easy, safe way to lower your healthcare costs today while saving money for future healthcare expenses.
A WageWorks Health Reimbursement Arrangement (HRA) is an employer-sponsored benefit to reimburse a portion of your eligible out-of-pocket medical expenses, such as deductibles, coinsurance, and pharmacy expenses. Funded entirely by your employer, this reimbursement benefit helps you make healthcare more affordable.
If you’re enrolled in a qualified high-deductible health plan and have an HSA, you can maximize your savings with a WageWorks HSA-Compatible FSA. This pre-tax benefit account helps you save on this plan year’s eligible out-of-pocket dental and vision expenses while taking advantage of the long-term savings power of an HSA.