Open enrollment resources

Unlock Tax-Free Healthcare Savings

FSA and HSA accounts let you set aside pre-tax dollars for eligible healthcare expenses. Knowing how each account works can help you make informed choices during open enrollment.

FSA

Typically employer-sponsored. The full annual election is generally available at the start of the plan year. Use-it-or-lose-it rules may apply, with a carryover or grace period if your plan permits.

HSA

Available to eligible people with a qualifying high-deductible health plan. Funds roll over, may earn interest, and stay with you when you change jobs.

Common eligible expenses

  • Copays, prescriptions, urgent care, and therapy
  • Glasses, contacts, dental care, and exams
  • Eligible over-the-counter medicines and health supplies
  • Certain diagnosis-specific care coordination, complex care management, and patient advocacy or navigation services

Eligibility varies by plan and circumstances. Advocacy services are not automatically eligible; check with your plan administrator and a qualified tax professional before using FSA or HSA funds.

FSA and HSA tax-free healthcare savings guide by Wells Wellness Advocacy Services
Open enrollment healthcare savings guide