Health Savings Account &
Flexible Spending Accounts

The Difference between HSA & FSA

HSA

NewCo will contribute the following if you enrolled in the
BCBS Saver 3000 (HSA) plan and will open an HSA on your behalf
through Flores: $1,000 to Individuals $1,500 to Families. HSA’s are individually owned medical savings accounts funded by pre tax payroll contributions and used to pay for eligible expenses. Below are some important things to know.

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Healthcare FSA

Available with the PPO 2000 & HMO plans, Tax-advantaged FSAs are a great way to save money. Use for eligible medical, dental and vision expenses.
If on the Saver 3000 (HSA) plan, a Limited Purpose FSA is available for dental and vision expenses only.

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Dependent Care FSA

A dependent care FSA (DCA) is a flexible spending account that allows you to set aside up to $5,000/family pre-tax dollars for dependent care expenses. This includes daycares, babysitters and before/after school care.

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Commuter Benefit Account

Allows you to set aside up to $300/month pre-tax dollars for mass transit, vanpools, & qualified parking associated with your daily commute to work.

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Dependent Care FSA

Self Enroll in Your Benefits Online

Enrollment Site

If you have trouble logging into your benefits or have questions about the plans outlined here, please reach out to anna.walsh@velsera.com for assistance.

Health Savings Account & Flexible Spending Accounts

The Difference between HSA & FSA

HSA

Healthcare FSA

Dependent Care FSA

Commuter Benefit Account

Dependent Care FSA

Self Enroll in Your Benefits Online

Health Savings Account &
Flexible Spending Accounts