Reimbursement Accounts

Health Savings Account (HSA)

The Health Savings Account (HSA) is available to employees enrolled in Whitworth's High Deductible Health Plan (HDHP). An HSA helps you pay for current healthcare expenses while also giving you the opportunity to save for future healthcare needs.

Whitworth HSA Contributions

 You may also contribute pre-tax dollars through payroll deductions, up to the annual IRS contribution limit.

Your Account, Your Money

Unlike some other reimbursement accounts, your HSA belongs to you.

• Use it now or save it for later. HSA funds can be used for eligible medical, prescription, dental and vision expenses for you, your spouse and eligible dependents.
• Your money rolls over. Unused funds remain in your account from year to year with no "use it or lose it" requirement.
• Take it with you. Your account remains yours if you change medical plans, leave Whitworth or retire.
• Invest for the future. Once your balance reaches $2,000, you may have the option to invest a portion of your HSA funds.
• Access your funds easily. A debit card is provided to pay for eligible expenses.

Triple Tax Advantage

An HSA offers three federal tax advantages: Your payroll contributions are made pre-tax, your account can grow tax-free, and withdrawals for eligible healthcare expenses are tax-free.

Employees age 55 and older may contribute an additional $1,000 annually. Your contributions and Whitworth's contributions combined cannot exceed the annual IRS HSA contribution limit.

• HSA Investment Guide
• HSA Payroll Deduction Form
• HealthEquity HSA Plan Flyer
• HealthEquity HSA vs FSA flyer
• HealthEquity HSA informational video
• HSA Member Guide

Health Reimbursement Arrangement

Whitworth provides a Health Reimbursement Arrangement (HRA) to employees enrolled in the Aetna Choice POS II PPO medical plan. The HRA is funded entirely by Whitworth and administered through HealthEquity to help offset eligible out-of-pocket healthcare expenses.

Whitworth's Annual Contribution

Eligible Expenses

HRA funds may be used for qualified expenses, including:

• Medical deductibles, coinsurance and copays under the Whitworth medical plan
• Prescription drug expenses
• Dental expenses
• Vision expenses

Unused HRA funds automatically roll over each plan year, up to the maximum rollover amount shown above. Your total HRA balance may not exceed $2,000 for employee-only coverage or $4,000 for employee plus dependent coverage.

To receive reimbursement, submit your eligible claims through HealthEquity.

• HealthEquity HRA 

Flexible Spending Account

Whitworth offers two Flexible Spending Accounts (FSAs), administered through HealthEquity, to help employees save on eligible healthcare and dependent care expenses by using pre-tax dollars. If you have predictable out-of-pocket expenses during the year, an FSA can reduce your taxable income and lower the amount of taxes you pay.

Whitworth offers the following FSA options:

• Healthcare FSA – Use for eligible medical, prescription, dental and vision expenses. Employees may contribute up to $3,400 annually.
• Dependent Day Care FSA – Use for eligible dependent care expenses that allow you (and your spouse, if applicable) to work or attend school full-time. Employees may contribute up to $7,500 per household (married filing jointly or single).

Both FSAs include a grace period, allowing additional time after the end of the plan year to incur eligible expenses, as outlined in the plan.

If you are enrolled in both the Whitworth HRA and a Healthcare FSA: Eligible claims submitted to HealthEquity are processed through your HRA first. Once your HRA funds are exhausted, eligible expenses are automatically applied to your Healthcare FSA. If you choose to use your Healthcare FSA debit card, purchases are deducted directly from your FSA balance.

• HealthEquity FSA Plan Provisions
• HealthEquity FSA Quick Start Guide

HealthEquity

Whitworth's FSA, HRA and HSA are administered by HealthEquity. You must create an account to access your benefit. 

• Create an account online now at healthequity.com/wageworks.
• Select "Log in/Register" and then "Employee Registration."
• You'll need to answer a few simple questions and create a username and password.