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Tax-advantaged accounts

Tax-advantaged accounts

Save money with our tax-advantaged health and benefits accounts, administered by Fidelity.

Use our valuable tax-free health and benefits accounts to save money on your health care expenses and/or your costs to pay caregivers for your children (or adult dependents).

Here’s how it works:

  • Money GOES INTO your account before taxes (which reduces your taxable income).

  • Money COMES OUT tax-free when Click here to enter text. you spend it on eligible expenses.

Review each account to find out which ones are right for you.

Health Savings Account (HSA)

Dedicated savings account for enrollees in a High Deductible Health Plan (HDHP) to pay for eligible medical expenses.

Best for: Mountaineers enrolled in the Enhanced or Basic HDHP medical plans.

Health Care Flexible Spending Account (FSA)

Dedicated savings account for all full-time Mountaineers to pay for eligible medical expenses.

Best for: Mountaineers enrolled in the Select Network Plan (EPO) or Choice PPO Plan medical plan.

Limited Purpose FSA

Dedicated savings account for all regular full-time Mountaineers to pay for eligible dental and vision expenses, and eligible medical expenses that exceed your deductible.

Best for: Mountaineers enrolled in the Enhanced or Basic HDHP medical plans and the Health Savings Account who want to take advantage of even more tax savings.

Dependent Care FSA

Dedicated savings account for Mountaineers to pay for eligible child or adult dependent care expenses, such as a daycare or sitter, so you can work.

Best for: Mountaineers with children or adult dependents needing caregiver support.