Health Savings Account (HSA)
A Health Savings Account (HSA) is a tax-advantaged account that allows employees, and their employers, to set aside pre-tax funds into an employee-owned banking or investment account. These funds can be used to pay for qualified medical expenses incurred by the employee, as well as their spouse and other tax dependents covered under the employee’s qualified high-deductible plan (HDHP).
Examples of eligible expenses include acupuncture, dental fees, eyeglasses, LASIK eye surgery, ophthalmology, prenatal care, and prescription medicines. For a detailed list of eligible items, please see IRS Publication 502 online at www.IRS.gov .
You can visit their website at https://www.eflexgroup.com/forms/HSA/ to access forms. You can also log in to your account. First time users will need to create an account.
Flexible Spending Account (FSA) for Healthcare/Dependent Care
An FSA is a Flexible Spending Account that allows you to set aside money on a pre-tax bases to pay for eligible healthcare and/or dependent day care expenses.
For more information, you can visit their website at www.healthhub.com or click on the links below.
Limited Purpose Spending Account
A Limited Purpose FSA (LPFSA) is a flexible spending account that you may be able to enroll in when you have a health savings account (HSA). You can use LPFSA to pay for eligible out-of-pocket dental and vision expenses.