You choose a total annual contribution for 2025 and that amount will be divided and deducted on a pre-tax basis from each of your paychecks. Money in your HSA can be used to help you pay for current and future healthcare costs that your insurance does not cover. Any funds left over at the end of the year will stay and continue to grow.
| Consideration | HSA (Health Savings Account) | FSA (Flexible Spending Account) |
|---|---|---|
| Eligibility | Must enroll in a High Deductible Health Plan | Must be enrolled in a PPO Plan for Health Care FSA |
The School of Theatre and Dance’s theatre troupe, Transforum Theatre spent the end of their summer break performing at the Edinburgh Festival Fringe in Scotland. Transforum Theatre was founded in 2014 to give theatre students more opportunities to grow their skills, create new original works and expand their understanding of the world of theatre....
If you opt out and lose insurance coverage during the plan year, you can enroll in С»ÆƬÊÓƵ's plans under a Qualifying Event. Contact us at benefits@kent.edu within 31 days of the qualifying event to enroll or make any necessary changes to your benefits.
Sometimes employees have other insurance through their parents or a spouse/domestic partner. If you have other insurance, you are welcome to opt out of university coverage, and you might even be eligible for opt-out incentive payments of $50 per pay (up to $100 per month).
When enrolled in the High Deductible Health Plan, you will be charged a negotiated price for your prescriptions until your HDHP annual deductible is met, unless those medications are on the Preventative Drug List. Any money paid toward prescriptions will count towards meeting your annual deductible. Once your deductible is met, your prescription co-insurance will apply (see below).
What is the difference between HSA and FSA accounts? | ||
|---|---|---|
| Consideration | HSA (Health Savings Account) | FSA (Flexible Spending Account) |
| Eligibility | Must enroll in a High Deductible Health Plan | |
