Savings and spending accounts
A little planning. A lot of payoff.
New glasses, sprained ankles, braces, daycare… life happens. Health Savings and Flexible Spending Accounts let you stash away pre-tax dollars to help with out-of-pocket costs. It’s a simple way to stretch your money a little further.
Good life tip
If you have a good idea of your upcoming expenses next year, an FSA may help. If you’re thinking longer term, an HSA can be a powerful way to save for future healthcare costs.
What about the Dependent Care FSA?
The Dependent Care FSA is not for medical expenses, and anyone can enroll. If you have eligible dependent care expenses, you can use this account to set aside pre-tax dollars for care for eligible children or adult family members.
HSA
You may be eligible to contribute if you enroll in the Allstate Value or Kaiser Value HMO. You can it for eligible medical, dental and vision expenses.
The money is yours to keep, rolls over from year to year and can even be invested for future growth. Whether you use it for expenses today or save it for tomorrow is up to you.
Limited Use Health Care FSA
Designed to work with your HSA. You can use it for dental and vision expenses.
If you’re planning for things like braces, dental work, contacts or new glasses, this account can help you pay for those expenses with tax-free dollars.
Health Care FSA
You may be able to contribute if you enroll in the Allstate UHC Surest Plan, Allstate Select, Kaiser Select HMO or Kaiser Hawaii HMO and use it to pay for eligible healthcare expenses tax-free.
Unlike an HSA, your full annual election is available right away, which can be especially helpful if you expect expenses early in the year.
Dependent Care FSA
This account is available regardless of your medical plan enrollment and helps you pay for eligible dependent care expenses with tax-free dollars.
You pay for care as you go, then get reimbursed from your account.
HSA
You may be eligible to contribute if you enroll in the Allstate Value or Kaiser Value HMO. You can it for eligible medical, dental and vision expenses.
The money is yours to keep, rolls over from year to year and can even be invested for future growth. Whether you use it for expenses today or save it for tomorrow is up to you.
Good if you want:
- Triple tax savings
- Flexibility for future healthcare expenses
- An account that stays with you year after year — even if you leave the company
- The option to change, start or stop contributions any time
Limited Use Health Care FSA
Designed to work with your HSA. You can use it for dental and vision expenses.
If you’re planning for things like braces, dental work, contacts or new glasses, this account can help you pay for those expenses with tax-free dollars.
Good if you want:
- Tax savings on planned costs — keep in mind you lose unused funds at the end of the year
- Money set aside for expected dental and vision expenses in the coming year
- Access to your full election amount on day one
Health Care FSA
You may be able to contribute if you enroll in the Allstate UHC Surest Plan, Allstate Select, Kaiser Select HMO or Kaiser Hawaii HMO and use it to pay for eligible healthcare expenses tax-free.
Unlike an HSA, your full annual election is available right away, which can be especially helpful if you expect expenses early in the year.
Good if you want:
- Tax savings on planned costs — keep in mind you lose unused funds at the end of the year
- Money set aside for expected healthcare expenses in the coming year
- Access to your full election amount on day one
Dependent Care FSA
This account is available regardless of your medical plan enrollment and helps you pay for eligible dependent care expenses with tax-free dollars.
You pay for care as you go, then get reimbursed from your account.
Good if you want:
- Tax savings on planned costs
- Help paying for daycare, elder care and/or other dependent care expenses in the coming year
