Page 8 - Goodwill of SWPA 2022 Benefits Guide

Savings and reimbursement accounts

Goodwill offers several accounts that enable you to pay for eligible expenses tax-free. We also offer a plan with a Health
Reimbursement Arrangement (HRA). This is a reimbursement arrangement only. You cannot contribute to this account; it is
funded and owned exclusively by the company. 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 Account (FSA) Spending Account (FSA)
Available to all eligible full-time employees You can use this account for medical, Use for eligible childcare expenses for
who elect the Community Blue Flex PPO pharmacy, dental and vision expenses. dependents under age 13 or elder care.
HDHP or UPMC MyCare Advantage PPO
HDHP 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.

Comparison of accounts

HSA HRA FSA

Does the company contribute? 
Amount for plan year 2022–23 Not applicable Employee: $2,000 X
Employee +1 or Family: $4,000

Can I contribute my own savings?  X 


Employee: $3,650 
Is there an IRS maximum Family: $7,300 X
annual contribution? Those 55 and older can Health Care FSA: $2,850
contribute an additional Dependent Care FSA: $5,000
$1,000 annually.
!
! Up to $500 for
Will my savings roll over  Up to the amount of your Health Care FSA;
each year? Unlimited deductible; available as long as No roll over for
you are enrolled in the plan Dependent Care FSA

Will I earn interest on X X
my savings? 

Are the savings tax-free?
In most states   
Do I keep the money if I leave X X
the company? 
Can I also have a Flexible ! N/A
Spending Account (FSA)? Dependent Care FSA only 

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