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Healthcare Benefits

Employee Benefits

Healthcare FSAs and HSAs

The combination of a Healthcare Flexible Spending Account (FSA) and a Health Savings Account (HSA) is a great way to maximize your savings this year and in the future. But there are rules guiding your participation in both accounts.

Which one is right for you?
Account type Annual Contribution Limits* Insurance Coverage Requirements Portability End of Year Balances
Healthcare FSA

$2,650 for individuals or families

Different limit may apply to you according to your employer's plan

You must be eligible to enroll in your employer's group health insurance plan Annual account might be forfeited if you change jobs or retire Dependent upon your employer's plan
HSA

$3,450 for individual coverage

$6,900 for family coverage

$1,000 additional catch-up contribution if 55 or older as of December 31, 2018

High-deductible health plan required Account is yours to keep even if you change jobs, switch healthcare plans, or retire Balances carry over year-to-year indefinately

 

*Annual contribution limit

Employee Resource Center

Ready-to-use tools to help you make the most of your WageWorks benefits.