FSAs & HSAs at-a-Glance

Plan Eligibility Health Care Flexible Spending Account (FSA)

Enrolled in the CPHP medical plan or nonhigh-deductible plan outside Marquette. Enrolled in AHDHP or EHDHP only. Regardless of medical plan election, allows you to set aside pre-tax dollars to pay for dependent care expenses.

Enrolled in AHDHP or EHDHP only.

Limited Purpose Health Care FSA Dependent Care FSA

Annual Maximums $2,750

$2,750

$5,000 (per household) $3,650 (Employee Only) $7,300 (Covering more than one person) $1,000 additional catch-up contribution for members age 55+

Marquette Contributions

Eligible Expenses

Limitations

Contributions

Taxability

Earned through Wellness Program

Eligible out-ofpocket medical, prescription drug, dental and vision expenses such as deductibles, co-pays and coinsurance

Eligible out-ofpocket dental and vision expenses such as deductibles, co-pays and coinsurance

Eligible day care expenses for a dependent child under 13 or for an elderly parent who you claim as a tax dependent

Eligible out-ofpocket medical, prescription drug, dental and vision expenses such as deductibles, co-pays and coinsurance

“Use it or lose it” rule; claims must be incurred and filed by plan year-end. Marquette allows a grace period to March 15 of the following year to incur and file claims.

Pre-tax payroll contributions

Reimbursements are not taxable for eligible expenses. Reimbursements are not taxable for eligible expenses. Reimbursements are not taxable for eligible expenses. Reimbursements are not taxable for eligible expenses; 20% tax for noneligible reimbursements.

NOTE: If you are enrolling in the AHDHP or EHDHP and you have a balance in a Health Care FSA, you (and Marquette) are not able to contribute funds to your HSA until the end of the FSA runout period.

N/A

“Use it or lose it” rule; claims must be incurred and filed by plan year-end. Marquette allows a grace period to March 15 of the following year to incur and file claims.

Pre-tax payroll contributions N/A

“Use it or lose it” rule; claims must be incurred and filed by plan year-end. Marquette allows a grace period to March 15 of the following year to incur and file claims.

Pre-tax payroll contributions

Health Savings Account (HSA)

Earned through Wellness Program

Contributions roll over from one year to the next. Must be in a high-deductible health plan; cannot be someone else’s tax dependent or enrolled in Medicare.

Pre-tax payroll contributions