ANNUAL BENEFITS OPEN ENROLLMENT | |||||||||||||||
OCTOBER 19, 2018 through NOVEMBER 15, 2018 @ 4:00 P.M. |
| Health savings account (HSA)
| Flexible spending arrangement (FSA)
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Eligibility requirements:
| Requirements include having a high-deductible health plan (QHDHP) Aetna Saver
| No eligibility requirements
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Contribution limits:
| 2019 contributions capped at $3,450 for individuals or $6,9000 for families
| 2019 contributions capped at $2,650
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Changing contribution amount:
| You can change how much you contribute to the account at any point during the year.
| Contribution amounts can be changed only at open enrollment or with a change in employment or family status.
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Rollover:
| Unused balances roll over into the next year.
| With some exceptions, FSAs are “use it or lose it, ” and you forfeit any unused balance. (IRS will allow roll over of up to $500 unused dollars)
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Connection to employer:
| Your HSA can follow you as you change employment.
| In most cases, you ’ll lose your FSA with a job change. One exception: if you ’re eligible for FSA continuation through COBRA.
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Effect on taxes:
| Contributions are tax-deductible, but can also be taken out of your pay pretax. Growth and distributions are tax-free.
| Contributions are pretax, and distributions are untaxed. |
Location
| Date
| Room
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Lowell Elementary
5010 View Drive Everett WA 98203 | Thursday
November 1, 2018 3:00 to 5:30 p.m. | Library
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Community Resource Center
Wellness Fair and Support 3900 Broadway Ave Everett, WA 98201 | Tuesday
November 6, 2018 2:00 to 6:00 p.m. | Port Gardner A & B
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Community Resource Center
3900 Broadway Ave Everett, WA 98201 | Wednesday
November 14, 2018 2:30 to 5:30 p.m. | San Juan Island Room
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