Tax-advantaged accounts
Save money on your healthcare and dependent care expenses with our tax-advantaged accounts, administered by Fidelity. Our valuable, tax-free accounts allow you to set aside money before taxes are taken out, which lowers your taxable income.
Here’s how it works:
Contributions: Money is deposited into your account before taxes, reducing your taxable income.
Withdrawals: The money comes out tax-free when you use it for eligible expenses.
Review each account to find out which ones are right for you.
Dedicated savings account for enrollees in a High Deductible Health Plan (HDHP) to pay for eligible medical expenses.
Best for: Those enrolled in an Enhanced or Basic HDHP medical plan who want a flexible, long-term savings account for future healthcare needs.
Health Care Flexible Spending Account (FSA)
Dedicated savings account for all full-time Mountaineers to pay for eligible medical expenses.
Best for: Individuals enrolled in a Select Network Plan or Choice PPO Plan who want to save on out-of-pocket medical expenses.
Dedicated savings account for all full-time Mountaineers to pay for eligible dental and vision expenses, and eligible medical expenses that exceed your deductible.
Best for: Individuals with an HSA who want to use an additional account for tax-free savings on eligible dental and vision costs.
Dedicated savings account for full-time Mountaineers to pay for eligible child or adult dependent care expenses, such as a daycare or sitter, so you can work.
Best for: Employees with children or adult dependents who pay for caregiving services to enable them to work.
Dedicated account for Mountaineers to set aside pre- and post-tax funds to pay for expenses related to commuting to and from work.
Best for: Employees who use public transportation or pay for parking to get to work.