Savings Opportunities

If you choose a PPO Plan, you can enroll in the HCFSA.

• The current maximum amount you can contribute to your HCFSA is $3,200.
• Estimate expenses carefully (log on to PartnerConnect and click on “Reimbursement Accounts”). IRS regulations require that any money left in this account at the end of the year is forfeited.
• Must enroll each year and can change your contributions only during Annual Open Enrollment or if you have a Qualified Status Change (for example, get married/divorced or have a baby).

If you enroll in a high-deductible health plan, enroll in an HSA, if eligible.

• Contribute up to $4,300 in pre-tax dollars if you enroll in Partner Only coverage; $8,550 for other coverage levels (additional catch-up contribution of $1,000 for partners age 55 and older).

• Spend money in your HSA now for qualified healthcare expenses or save it — the money in your HSA rolls over from year to year so you can build up a cushion for future expenses, including expenses in retirement.

• Change your contributions at any time during the year (changes are effective on the first of the month).

• Invest the money in your account once it reaches $1,000.

Note: It is your responsibility to evaluate whether or not you are eligible for an HSA. Learn more about HSA eligibility.

• Contribute up to $5,000 in pre-tax dollars for eligible dependent care expenses (for example, day care and after-school programs).
• Estimate expenses carefully (log on to PartnerConnect and click on “Reimbursement Accounts”). IRS regulations require that any money left in this account at the end of the year is forfeited.
• Must enroll each year and can change your contributions only during Annual Open Enrollment or if you have a Qualified Status Change (for example, get married/divorced or have a baby).