SCAN offers you the following accounts and encourages you to take full advantage of their money-saving potential. You can enroll as a new hire, during Open Enrollment, or if you have a qualifying life event. Note: You must actively enroll in healthcare, limited purpose, and dependent care FSA each Open Enrollment if you want to contribute the next year, even if you already participate.
If you enroll in the high-deductible health plan HDHP option, a Health Savings Account (HSA) will automatically be opened for you through HealthEquity. Scan will contribute money each pay period into the account on your behalf according to the table below. You may also contribute additional pre-tax funds up to the IRS limits. The benefit of the HSA is that the funds are yours: they never expire, may be used for current or future health care expenses, or may be used to pay for Medicare premiums down the line!
In order to participate in an HSA, you may not have any disqualifying coverage. Disqualifying coverage includes being covered by a non-qualified HDHP, including Medicare and Medicare Part A, or being covered by a full purpose FSA. You must elect a Limited Purpose FSA to participate or receive SCAN contributions into the HSA. You may change your personal contribution to the HSA at any time and changes will take effect on the next available pay date.
The Health FSA allows you to set aside pretax dollars to pay for qualified health care expenses for you and your eligible dependents. You may elect up to $3,300 for the year and you will have access to your full annual election on your eligibility date even though you will be making equal contributions on each remaining pay date of the year. Unused funds of up to $660 will roll over into the 2026 plan year.
If you wish to participate in the Health FSA and are enrolled in the in the HSA you must enroll in the limited purpose FSA. Under a limited purpose FSA ,only dental and vision expenses are eligible for reimbursement. Medical expenses, including pharmacy and over-the-counter items, are not eligible under the limited purpose FSA. By electing both accounts you may leverage two tax advantage accounts to pay for qualified health care expenses.
A Dependent Care FSA allows you to set aside up to $5,000 pre-tax to pay for eligible dependent care expenses so you and your spouse can work. Eligible dependents include your children up to the age of age 13 (child ages out on their 13th birthday) and in limited circumstances, dependent elders. The IRS limit is a calendar year annual maximum that is inclusive of any contributions made by a spouse or a prior employer during the calendar year. Please review the carrier documents for complete details.
Please review carrier documentation for complete details, limitations, and exclusions
