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Benefit
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FSA
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HSA
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HRA
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Funds Ownership
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Employer (excess funds lost at end of year)
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Individual (excess funds carry over at end of year)
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Employer
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Investing Interest
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No interest earned
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Interest earned can be invested tax-free
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No interest earned
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Funding Method
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Funds are deposited directly into the account
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Funds are deposited directly into the account
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Employer has option to pre-fund account or pay at time of request
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Portability
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Account terminates at end of employment
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Account travels with you.
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Account terminates at end of employment
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Taxability of Funds
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All contributions to Account are tax-free.
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All eligible medical expenses are tax-free. All contributions to Account are tax-deductible.
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All approved reimbursements are tax-free.
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Funds Usage
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Funds may be used for eligible Medical and/or Dependent Care expenses only.
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Funds may be used for eligible medical expenses or other expenses but are subject to an additional 10% penalty.
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Funds may be used for eligible medical expenses only.
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Access to Funds
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Funds can be used via payment card, or reimbursed with request form.
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Funds can be used via payment card, check, or request form.
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Funds are reimbursed with request form.
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Fund contribution methods
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Both Employer and Employee may contribute funds to the Account
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Both Employer and Employee may contribute funds to the Account
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Employer only may contribute funds to the Account
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Eligibility
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Any Employees meeting the Employers eligibility requirements.
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Anyone under 65 with a qualified HDHP.
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Any Employees. Past employees may also maintain after employment terminates.
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Cafeteria plan bundling
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Account may be part of a cafeteria plan.
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Account may be part of a cafeteria plan.
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Account may not be part of a cafeteria plan.
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Yearly contribution maximums
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Medical Expense only limited by Employers. Dependent Care determined by IRS limits.
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Determined by annual deductible, not to exceed IRS limits.
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N/A. Employer is reimbursing expenses. Individual contributions are not made to Account.
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