Learn how you can set aside money to pay for health care expenses
In 2024, the maximum amount you can contribute to either a Health Savings Account or a Flexible Spending Account will increase. What type of these pre-tax savings accounts you can contribute to is determined by the health care plan you choose.
FSA
Limited Purpose FSA
HSA
FSA
Limited Purpose FSA
HSA
| HSA | IRS Limit | Company Contribution | Employee Contribution Maximum |
|---|---|---|---|
|
1 Individual |
$4,150 |
$500 |
$3,650 |
|
2 Individuals |
$8,300 |
$750 |
$7,550 |
|
3+ Individuals |
$8,300 |
$1,000 |
$7,300 |
|
Age 55+ |
Additional $1,000 catch-up contributions allowed |
||
Contribute up to $4,500 annually in pretax dollars to pay for eligible child care expenses. Receive a dollar-for-dollar company match up to $500. Plan carefully, the DC FSA follows the ‘use it or lose it’ rule.
Optum Financial will continue to administer the FSA and HSA in 2024.
Click link to see FAQs about enrollment and using your new benefits in the new year.
For new hires, complete your benefits enrollment during the first 30 days of employment.
Questions? Check out our FAQs page.
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