Page 12 - 2022 Clarins Benefit Guide
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YOUR BENEFITS GUIDE 2022
Health Care FSA and HSA Key Differences
Eligible
Annual IRS
Account Expenses Examples of Ownership Contribution Availability Forfeiture of
Eligible
Type (defined by Expenses Limits of Funds Funds
IRS)
Most medical, Deductibles,
Health dental and copayments,
Care Maximum Full amount FSA funds will be
Flexible vision care coinsurance, over contribution is available for forfeited if not used
expenses that
the counter
Spending are not covered medications, Employer $2,750* per plan use within the year or if
Account by your health orthodontia, year immediately you leave Clarins
(FSA)
plan eyeglasses
Deductibles,
Most medical, copayments, HSA funds are
dental and $3,650* single /
Health coinsurance, Available as owned by you, they
Savings vision care doctor-prescribed $7,300* family funds are can be rolled over
(additional
expenses that
Account are not covered over the counter Employee $1,000 if age deposited into year-to-year and will
(HSA) medications, account remain yours if you
by your health orthodontia, 55+) leave Clarins
plan
eyeglasses
*Subject to change by the IRS
If you are an HSA plan member, Clarins will
contribute quarterly installments to your
account (totaling up to $500/single and
Both FSAs and HSAs Help You Save on Taxes $1,000/family in 2022). Please note that your
combined employee and employer HSA
Account Type With FSA or HSA Without FSA or HSA contribution may not exceed annual limits set
forth by IRS regulation.
Your Taxable Income $50,000 $50,000
Pretax Contribution to HSA or FSA $2,000 $0
Federal and Social Security Taxes $11,701 $12,355
After-tax Dollars Spent on Eligible $0 $2,000
Expenses
Spendable Income After Expenses $36,299 $35,645
and taxes
Tax Savings with the FSA or HSA $654 N/A
This is an example only, may not reflect your actual experience. It assumes a 25% federal income tax
rate marginal rate and a 7.7% FICA marginal rate. State and local taxes vary, and are not included in
this example. However, you will save on any state and local taxes as well.
Clarins USA, Inc. 11
