Flexible spending accounts (FSAs) and health savings accounts (HSAs) allow you to save on eligible expenses by paying for them with pre-tax dollars. The accounts you are eligible to participate in depend on your medical plan coverage, as you can see below.
|Medical Plan||Accounts You Can Use|
|Health Care FSA||Dependent Care FSA||Health Savings Account|
|BCBS Core Plan (PPO)||✓||✓|
|BCBS Consumer Choice Plan (CDHP)||✓
(Limited FSA only)
|Kaiser Core Plan (HMO)||✓||✓|
|No medical plan||✓||✓|
You decide how much to contribute and when to spend (or save) your HSA dollars. Any unused money remaining in your account at the end of the plan year rolls over for you to use now or save for the future. Protect your HSA balance by naming a beneficiary using the HealthEquity website or mobile app.
Once your HSA balance reaches $2,000, you can invest in a number of investment options. Learn more by visiting HealthEquity.
With all your prescription and medical invoices automatically loaded into the HealthEquity system, paying bills directly from your HSA is quick and simple.
If you leave Boston Scientific, or retire, you take your HSA funds with you to use for qualified health care expenses—it’s immediately yours to keep.