Tax-Advantaged Accounts

 Health Savings Accounts (HSAs)

Only available if you enroll in the Blue Open Access HSA or the Kaiser HSA plan

To contribute to an HSA and/or receive contributions, you cannot:

• Be claimed as a dependent on someone else’s taxes;
• Be enrolled in a Flexible Spending Account through another employer;
• Have any other medical plan, including Medicare parts A, B, C or D; and
• Be covered by your spouse’s medical plan unless he or she also is covered by an HSA plan.

2024 Contribution Limits

• $4,150 for employee only coverage
• $8,300 for all other coverage levels

If you are age 55 or older and not enrolled in Medicare, you can contribute an additional $1,000 in catch-up contributions.

Contributions from DeKalb County

• $750 for employee only coverage
• $1,500 for all other coverage levels

DeKalb County will make these contributions in two equal installments — half in July and the other half in January.

Triple Tax Advantage

1. When you deposit money, it goes in tax free.
2. When you invest your money, it can grow tax free.
3. When you withdraw your money for eligible medical expenses, it comes out tax free.

Additional Advantages

Keep in mind that unused funds roll over to the next plan year, so you have the option to save for the future. And, your HSA is portable, meaning your account is yours to keep even if you retire or leave DeKalb County.

Health Care Flexible Spending Accounts (FSA)

Available to all employees, except those enrolled in the Blue Open Access HSA or the Kaiser HSA plan

This account can be used for qualified health care (medical, prescription drug, dental and vision) expenses.

The contribution limit in 2024 is $3,200 (up from $3,050 limit in 2023). Be sure to plan carefully because IRS regulations require that you forfeit any money left in your account after the claims submission deadline, as follows:

• For 2024, you have until September 15, 2024, to incur expenses and September 28, 2024, to submit them.
• For 2025, you have until September 15, 2025, to incur expenses and September 28, 2025 to submit them.

Limited Purpose Flexible Spending Account (LPFSA)

Only available if you enroll in the Blue Open Access HSA or the Kaiser HSA plan

This account can only be used to pay for certain dental and vision expenses. You may want to enroll if you are expecting these kinds of expenses and want to save your HSA dollars.

The contribution limit in 2024 is $3,200 (up from $3,050 in 2023). Be sure to plan carefully because IRS regulations require that you forfeit any money left in your account after the claims submission deadline, as follows:

• For 2024, you have until September 15, 2024, to incur expenses and September 28, 2024, to submit them.
• For 2025, you have until September 15, 2025, to incur expenses and September 28, 2025 to submit them.

Dependent Care Flexible Spending Accounts (FSA)

Available to all employees

This account can be used for eligible dependent care expenses (for example, day care and after-school programs).

The contribution limit in 2024 remains $5,000 ($3,850 if your salary is $150,000 or more for the 2024/2025 plan year). IRS regulations require that you forfeit any money left in your account after the claims submission deadline, as follows:

• For 2024, you have until September 15, 2024, to incur expenses and September 28, 2024, to submit them.
• For 2025, you have until September 15, 2025, to incur expenses and September 28, 2025 to submit them.

Payroll Funded Transit Card

Available to all employees who have transportation expenses related to their work commute

You can use this account to pay for transit expenses you incur for transportation on a bus, subway, or train while you commute to work. For example, you can use it for transit passes, tokens, fare cards, vouchers, or similar items from mass transit facilities or a person who transports people for compensation or hire in a vehicle that seats at least six adults, excluding the driver.

For 2024, the contribution limit is $315 per month.