Page 24 - OpenX 2022 Book of Benefits

SEE HOW THEY COMPARE HSA FSA

FSA and LPFSA: Yes
Will I get a debit card? YES
DCFSA: No

Yes, this is your money to Option to continue Healthcare or
Do I keep the money if I leave
be used on qualified health Limited Purpose FSA only through
OpenX?
expenses. COBRA.

Can I also have a Flexible Spending Limited Purpose and
N/A
Account (FSA)? Dependent Care FSAs only.

Flexible Spending Accounts

A Flexible Spending Account (FSA) helps you pay for healthcare and dependent care costs using tax-
free dollars. Your contribution is deducted from your paycheck on a pretax basis and is put into the FSA to
pay for expenses when you use your FSA debit card or reimburse yourself for out-of-pocket purchases.
When you incur expenses, you can access the funds in your account to pay for eligible expenses. You can
participate in the Healthcare FSA, even if you don’t enroll in our medical or dental plan.

This chart shows the eligible expenses for each FSA and how much you can contribute each year. Each of
these options reduces your taxable income. You can be reimbursed up to the full amount of your annual
Healthcare FSA contribution at any time during the year.

HEALTH CARE | 23