Spreetail offers spending accounts to help you manage everyday expenses in a smart, tax-advantaged way and support your overall financial well-being.
Spending accounts offer smart, tax-advantaged ways to manage everyday expenses and support your financial well-being. By setting aside pre-tax dollars, you can lower your taxable income while paying for eligible healthcare and dependent care costs.
These accounts may include:
- Health Savings Accounts (HSA), available if you are enrolled in a qualified high-deductible health plan. HSAs allow you to save and pay for eligible medical expenses with pre-tax dollars, and unused funds roll over year to year.
- Flexible Spending Accounts (FSA), available even if you do not enroll in one of the medical plans. Although if you are enrolled in a High-Deductible Health Plan and contribute to an HSA, you may only participate in a Limited Purpose FSA, which can be used for eligible dental and vision expenses only.
Together, these spending accounts help stretch your dollars further and give you more control over how you manage your healthcare and everyday costs.
Health Savings Account (HSA)
An HSA is a personal, tax-advantaged account available if you’re enrolled in a high-deductible health plan. Funds roll over from year to year, never expire, and can even be invested—helping you save for both today’s healthcare expenses and tomorrows.
An HSA isn’t available to everyone. You’re eligible to participate only if you meet all of the following criteria:
- You are enrolled in the High Deductible Health Plan (BCBSNE HDHP or UHC HDHP).
- You are not enrolled in any other non-HDHP medical plan, including Medicare, Medicaid, or TRICARE.
- You cannot be claimed as a dependent on another person’s tax return.
- Neither you nor your spouse are enrolled in a Health Care General Purpose FSA (only a Limited Purpose FSA is allowed.
A Health Savings Account (HSA) is an easy way to pay for healthcare expenses that you have today and save for expenses you may have in the future.
If you currently have an HSA with another bank and would like to transfer or rollover the funds, please click on the HSA Transfer Request Form button on the right to review the guided steps.
See IRS Publication 502, “Medical & Dental Expenses” for a complete list of expenses covered by your HSA.
*The annualized HSA employer contributions will be deposited based on your payroll frequency and spread evenly across 12 or 26 pay periods. If you start after October 1st, the employer HSA contribution is pro-rated amongst the remaining pay periods in the plan year (10/1/2026-9/30/2027).
Four reasons to love an HSA
01
Tax-free. No federal tax on contributions, or state tax in most states. Withdrawals are also tax-free as long as they’re for eligible healthcare expenses.
02
No “use it or lose it.” Your balance rolls over from year to year. You own the account and can continue to use it even if you change medical plans or leave the company.
03
Use it now or later. Use your HSA for healthcare expenses you have today or save it to use in the future.
04
Boosts retirement savings. After you retire, you can use your HSA for healthcare expenses tax-free, or for regular living expenses, taxable but no penalties.
Flexible Spending Account (FSA)
FSAs are pre-tax accounts that help you save money on eligible expenses. By setting aside funds directly from your paycheck, you can pay for healthcare or dependent care costs more affordably throughout the year.
You don’t have to enroll in one of our medical plans to participate in the healthcare FSA. However, if you are enrolled in the HDHP plan and you contribute to an HSA, you can only participate in the “Limited Purpose” FSA for dental and vision expenses.
About FSA
A Flexible Spending Account provides you the opportunity to pay for out-of-pocket healthcare and dependent care expenses with pre-tax dollars. The amount that you choose to contribute is taken out of your paycheck making it easy to save for out-of-pocket expenses that you have during the plan year.
- Full-Purpose Health Care FSA - this account is used to reimburse for out-of-pocket health care expenses such as deductibles, office visit copays, prescription copays, dental and vision expenses. The maximum you can contribute to the Health Care Spending Account is $3,400 per plan year. This account is incompatible with HSA. You and your tax dependents may not contribute to both Full-Purpose FSA and HSA in the same calendar year.
- Limited Purpose Health Care FSA - this account is designed for HSA participants and is used to reimburse for out-of-pocket dental and vision expenses only. The maximum you can contribute to the Health Care Spending Account is $3,400 per plan year.
- Dependent Care Spending Account - this account is used to reimburse expenses related to the care of eligible dependents while you and your spouse work. The maximum you can contribute to the Dependent Care Spending Account is $7,500 per calendar year if you are single or married and filing jointly, or $3,750 per calendar year if you are married and filing separately.
- FSA Carryover - the Full Purpose and Limited Purpose FSA allow for a carryover of up to $680 of unused FSA funds into the following calendar year. Dependent Care FSA is not eligible for carryover.
Estimate carefully! You can’t change your FSA election amount mid-year unless you experience a qualifying event. Money contributed to an FSA must be used for expenses incurred during the same plan year. Unspent funds will be forfeited.
If you want to participate in the FSA for 10/1/2026-9/30/2027 plan year, you must ACTIVELY enroll!
Disclaimer: This presentation provides a summary of the employee benefit programs offered by Spreetail. Should any discrepancies arise, please refer to the actual plan documents, which supersede this presentation. Once enrolled, you will receive a Combined Evidence of Coverage and Disclosure Form detailing the exclusions, limitations, and the full range of covered services of your plan.