- Health & Well-Being
- 401(k) & Profit Sharing
- Time Away From Work
- Other Benefits
- Summary Plan Documents & Required Notices
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Savings accounts allow Associates to set aside funds on a tax free basis to be used for qualifying medical or dependent care expenses. Fischer Homes currently offers four types of savings accounts.
Health Savings Accounts, or HSAs, are Associate owned savings accounts that allow Associates to set aside money on a pre-tax basis to pay for qualified expenses. Associates must be enrolled in one of the HSA medical plans to open a Health Savings Account. The accounts are available through Heartland Bank.
Health Care Flexible Spending Accounts, or FSAs, are designed to help Associates enrolled in the PPO medical Plan to pay for medical expenses with pre-tax dollars.
Limited Purpose Flexible Spending Accounts are designed to help Associates enrolled in a High Deductible Health Plan (HDHP) to pay for dental and vision expenses with pre-tax dollars.
Dependent Care Flexible Spending Accounts enable Associates to set aside tax free dollars to pay for child care expenses for dependent children under the age of 13. These dollars can also be used for expenses related to adult daycare expenses.
The three Flexible Spending Accounts are designed to help with expected expenses. It is highly recommended that you make contributions based on those expenses. Rules imposed by the IRS states that any deposits not used for expenses incurred during the plan year will be forfeited. This is known as the “use-it-or-lose it rule”. Other IRS rules may apply based on the plan that you select.
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