Page 9 - Immucor Benefit Guide

Savings accounts

Immucor offersseveral accounts thatenable you to pay for eligible expenses tax-free.The IRS provides a list of
eligible expenses for each account at www.irs.gov.

Health Savings Health Care Flexible Dependent Care Flexible
Account (HSA) Spending Accounts (FSAs) Spending Account (FSA)

Available to those enrolled in the HSA Your options depend on your medical plan enrollment. Use for eligible childcare expenses for
Plan as long as you are not enrolled in  Health Care FSA – If you are not enrolled in an dependents age 13, elderly, or disabled
any other health coverage or Medicare, HSA plan, you can use this account for medical, dependents living in your home. An
or claimed as a dependent on someone pharmacy, dental and visionexpenses. eligible employee who has a dependent
else’s tax return. child who turned 13 in 2021 or 2022
 Limited Purpose FSA – If you are enrolled in an HSA
can still be reimbursed for eligible
plan, you can use this account to pay for dental and
expenses for that child (for plan years
vision expenses only.
that end in 2022).

Comparison of accounts

HSA FSA
✓
Employee: $360
Does the company contribute? Employee + Spouse: $540 
Amount for full-year 2022
Employee + Child(ren):$540
Family: $720
Can I contribute myown ✓ ✓
savings?
✓
Employee:$3,650 ✓
Is there an IRSmaximum Family: $7,300
annual contribution? Health Care or Limited Purpose FSAs: $2,850
Those 55 and older can contribute an Dependent Care FSA: $5,000
additional $1,000 annually.
!
✓
Will my savings roll over Up to $550 for Health Care and
each year? Unlimited Limited Purpose FSAs; No rollover for
Dependent Care FSA

Will I earn interest onmy ✓ 
savings?

Are the savings tax-free? ✓ ✓
In most states

Will I get a debit card? ✓ ✓

!
Do I keep the money if I ✓ Option to continue Health Care or
leave the company?
Limited Purpose FSAs only through COBRA
!
Can I also have a Flexible Limited Purpose and
Spending Account (FSA)? N/A
DependentCareFSAsonly

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