HCFSA vs. HSA
Health Care Flexible Spending Account vs. Health Savings Account
If you enroll in the SavingsPlus HSA medical plan, you have the option of opening an HSA. But how does that differ from the Health Care FSA?
| HSA | FSA | |
|---|---|---|
| Eligible Medical Plan(s) | SavingsPlus HSA | All plans, however, only dental and vision expenses are considered eligible if you enroll in the SavingsPlus HSA (“Limited Purpose” FSA) |
| Company Contribution |
$500 Associate $1,000 Family |
$100, not applicable for Limited Purpose FSA |
| Contributions Subject to Annual Dollar Limits | Yes | Yes |
| Account Balance at Plan Year End (12/31) | Remains in your account | Unused funds are forfeited |
| Eligible Medical, Dental, and Vision Expenses Reimbursed Tax Free | Yes | Yes (Limited Purpose FSA, dental and vision expenses only) |
| Account Owner | You | Broadridge |
| Balance Goes with You if You Leave Broadridge | Yes | No |
Additional Medical Resources
Benefit Resources and Links
Lookup vendor contact information for specific benefit plans.
Compare Plans
Click the link below to compare the three medical plans.
Costs
Click the link below for more information on the costs of each medical plan.
Transparency in Coverage
Click the link below to access our health plan pricing information via machine-readable file (MRF) as required under the Transparency in Coverage final rule.
Health Care & LPFSA
Click the link below for more information on the Health Care FSA.
Group Critical Illness
Click the link below for more information on the Group Critical Illness plan.
Hospital Indemnity Plan
Click the link below for more information on the Hospital Indemnity plan.
Health Savings Account
Click the link below for more information on the Health Savings Account (HSA).
Memorial Sloan Kettering (MSK) Direct
MSK Direct can provide cancer treatment plans, second opinions, get you access to the latest clinical trials and more.