Page 23 - OpenX 2022 Book of Benefits

HEALTH CARE SAVINGS

OpenX offers several accounts that enable you to pay for eligible healthcare expenses like your
deductible, copays, and coinsurance, tax-free. The IRS provides a full list of eligible healthcare
expenses for each account at www.irs.gov.
» Health Savings Account (HSA) – Provided by Payflex, this is available to those enrolled in the CDHP
Plan as long as you are not enrolled in any other health coverage or Medicare or claimed as a
dependent on someone else’s tax return. Please see page 13 above for more info.

» Health Care Flexible Spending Accounts (FSAs) – Provided by Igoe, your options depend on your
medical plan enrollment:

• Health Care FSA – If you are not enrolled in an HSA plan you can use this account for medical,
pharmacy, dental and vision expenses.

• Limited Purpose FSA – If you are enrolled in an HSA plan, you can use this account to pay for
dental and vision expenses only.

» Dependent Care FSA – Use for eligible childcare expenses for dependents under age 13 or elder
care. Regardless of medical plan enrollment

SEE HOW THEY COMPARE HSA FSA

YES
Does OpenX contribute?
Employee: $900 NO
Amount for full-year 2022
Employee +1 or Family: $1,750

Can I contribute my own savings? YES YES

Employee: $3,650
Health Care or Limited
Is there an IRS maximum annual Family: $7,300
Purpose: $2,750
contribution? Those 55 and older can contribute
Dependent Care: $5,000.
an additional $1,000 annually.
Up to $550 for Healthcare
and Limited Purpose FSAs.
Will my savings roll over each year? Unlimited
No rollover for Dependent
Care FSA.

Will I earn interest on my savings? YES NO

Are the savings tax-free?
YES N/A
In most states

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