![]() Family Maximum Contribution: $7,750 annuallyįor questions or information about your account, please go to or download the Anthem Sydney App, or call 84.įor more information about the ACCGov HSA, please review your benefits guide at IMPORTANT NOTE: You may only enroll in the HSA benefit if you enroll in a CHS/HSA plan.Individual Maximum Contribution: $3,850 annually.Once enrolled, you will receive a debit card that may be used for convenient payment of your qualified health care expenses. The HSA account is owned by the participant. Funds in the HSA also roll over and accumulate from year to year if not spent, and can be used for future health care expenses. HSA contributions are made on a pre-tax basis, and withdrawals for qualified medical expenses are not taxed. The funds contributed to the account are not subject to federal income tax at the time of deposit and even earn interest! HSA funds can be used to pay for your annual deductible and any other qualified medical expenses not covered by the health insurance plan. When enrolling in this plan, you may not be eligible to claim a child tax credit on your income tax return.įor questions, information about your account, or claim forms for child/elder care reimbursement please go to or download the Anthem Sydney App, or call 85.įor more information about the ACCGov Dep Care FSA, please review your benefits guide at Health Savings Account (HSA)Ī Health Savings Account is a tax-advantaged medical savings account available to individuals participating in a high deductible health plan (CHS plan). Please view the FAQ’s prior to enrollment. NOTE: This is an IRS-regulated reimbursement plan. HSA as long as they are not reimbursed through insurance or any other. Setting aside pre-tax dollars means paying fewer taxes and increasing your take-home pay. Funds in your HSA can be withdrawn tax-free to pay for qualified medical expenses. You can then use these funds to reimburse yourself for eligible dependent care expenses throughout the plan year. It sets money aside from your paycheck before taxes are taken out. This Dep Care FSA benefit lets you use pre-tax dollars for eligible employment-related dependent care expenses (child care/elder care). Eligible expenses, such as dental, medical, vision, prescriptions, and over-the-counter medications, must be incurred between the calendar plan year in order to be considered a qualified FSA expense.įor questions or information about your account, please go to or download the Anthem Sydney App, or call 85.įor more information about the ACCGov Health FSA, please review your benefits guide at IMPORTANT NOTE: You may not enroll in the FSA benefit if you enroll in a CHS/HSA plan.ĭependent Care Flexible Spending Account (Dep Care FSA) The purpose of the FSA is to cover most out-of-pocket expenses not covered under your medical, dental, or vision plan. The FSA is a pre-tax deduction, which can be used to pay for eligible, out-of-pocket health care expenses. ![]() A pre-loaded debit card makes it even easier to pay for your eligible health-related, out-of-pocket expenses. The Health Flexible Spending Account (FSA) benefit is a great way to reduce your taxable income by diverting pre-tax money into a medical spending account.
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