Health Care and Dependent Care FSAs
You can contribute to your Flexible Spending Account (FSA) before taxes are withheld from your paycheck, thus decreasing your taxable income. With a
convenient FSA debit card, you can quickly pay for eligible expenses.
- Health Care FSA: Used to pay for eligible out-of-pocket medical, dental, and vision care expenses for yourself and your eligible dependent(s). Note: Participants enrolled in the HDHP with HSA are not eligible to save through a Health Care FSA.
- Dependent Care FSA: Used to pay for eligible expenses for the care of a dependent child under age 13 or a disabled dependent adult. Some qualifying expenses include eligible preschool, before-and after-school programs, and child or elder day care. Please note that dependent health care expenses are not eligible for reimbursement with this account; those expenses may be covered with a Health Care FSA.
Health Savings Account (HSA)
What’s an HSA?
An HSA is a savings account (owned by you) that allows you to set aside pretax dollars to pay for current or future health care expenses for yourself and your eligible dependents. The HSA is administered by Sentinel Group.
Who contributes?
Bentley will make an up-front contribution to new enrollees’ accounts, and you can make additional contributions, up to IRS limits. Bentley will also match your payroll contributions, up to a maximum, as outlined in the charts below. The money in your HSA rolls over from year to year, allowing you to save for future health care expenses, including in retirement. It is also portable (you take it with you) in the event that you leave Bentley.
For more information, check out the Bentley Benefits Guide.
