FSAs & HSAs at a GLANCE Health Care Flexible Spending Account (FSA)
Plan Eligibility
Enrolled in the CPHP medical plan or nonhigh-deductible plan outside Marquette.
Limited Purpose Health Care FSA
Dependent Care FSA
Health Savings Account (HSA)
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.
$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+
Earned through Wellness Program
N/A
N/A
Earned through Wellness Program
Eligible Expenses
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
Limitations
“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.
“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.
“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.
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
Pre-tax payroll contributions
Pre-tax payroll contributions
Pre-tax payroll contributions
Reimbursements are not taxable for eligible expenses.
Reimbursements are not taxable for eligible expenses.
Annual Maximums
Marquette Contributions
Contributions
Taxability
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.
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