Comparing HSAs and FSAs

  HSA HCFSA Limited-purpose HCFSA
       
Who “owns” account? You Segal Segal
Account Overview Created at WEX in your name; you can use to pay for eligible medical expenses tax-free. Created at WEX in your name; you can use to pay for eligible medical expenses tax-free. Created at WEX in your name; you can use to pay for eligible dental and vision expenses tax-free.
Who contributes to the account? You, Segal You You
What distributions are allowed? Distributions are for qualified medical expenses, which are not taxable. You can use the WEX card to pay for expenses. Limited to qualified medical expenses only. You can use the WEX card to pay for purchases. Limited to qualified dental and vision expenses only. You can use the WEX card to pay for purchases.
Substantiation of expenses You may be required to submit proof of expense (EOB, receipt, etc.). You are required to submit proof of expense (EOB, receipt, etc. unless auto-substantiated) You are required to submit proof of expense (EOB, receipt, etc. unless auto-substantiated)
Federal tax benefits? Tax-free on deposits, earnings, and distributions for qualified medical expenses. Contributions and claim reimbursements are tax- free Contributions and claim reimbursements are tax- free
Can unused dollars rollover? Yes. Funds always belong to you. You can roll over up to 20% You can roll over up to 20%
Access to funds after termination? When you terminate or retire, you continue to maintain ownership of your HSA When you terminate or waive Segal medical coverage, you don't remain eligible for an FSA, though limited COBRA rights may be available When you terminate or waive Segal medical coverage, you don't remain eligible for a limited-purpose FSA, though limited COBRA rights may be available

This brochure contains information about the medical plan options and other benefits Segal Group offers. If any statements contained herein are inconsistent with applicable laws and regulations or official plan documents and contracts, those regulations and documents will govern. Segal Group reserves the right to amend or terminate any plan, at any time, for any reason. No provision of any benefit is to be considered a contract of employment between you and Segal Group.

© 2026-2027 by The Segal Group, Inc.

Your 2026 HSA and/or FSA

FSAs: Elect an FSA if you want one in 2026. If you are eligible for and want to contribute to a Flexible Spending Account in 2026, you must make an election during the Annual Enrollment period—your 2025 elections will not automatically carry over.

When considering your contribution amount, please note the annual maximum for the health care FSA (HCFSA) in 2026 is $3,300. Also, keep in mind that up to 20% rolls over to 2027 if you have not used it by December 31, 2026. And, if you elect the HDHP with HSA, your HCFSA automatically becomes limited purpose (can be used only for dental and vision expenses). The dependent care (DCFSA) IRS maximum is increasing to $7,500 in 2026.

HSA: Your 2025 election and contribution (if applicable) rolls over into 2026. The maximum pre-tax contribution you may make to a Health Savings Account will increase to $4,400 if you have individual coverage and $8,750 if you have employee plus one or employee plus family coverage. Remember to take into account Segal’s contribution to your HSA when determining your contribution amount. If you’re age 55 or older in 2026, you can make an additional $1,000 pre-tax catch-up contribution.