HSA | Health Savings Account FSA | Flexible Spending Account
1-877-924-3967
www.wageworks.com
Go online to the cfwbenefits.com to enroll in benefits or view your elections.
Health Savings Account
If you elect the Consumer Choice plan with an HSA, you cannot use the Flex plan for qualified medical expenses. However, you are still eligible to participate in the Flex plan Dependent Care Spending Account and/or Adoption Assistance Spending Account.
HSA dollars are yours. HSA dollars can roll over from year to year and can be taken with you when you retire or leave the city for any reason.
Flexible Spending Accounts (FSAs)
The City of Fort Worth offers three types of Flexible Spending Accounts (FSAs) to help you save for out-of-pocket expenses. This money is deducted pre-tax, so it will lower your taxable income.
These accounts are “use or lose”, meaning that you must use most of your funds by the end of the plan year or you lose the money.
You can set up a FSA Health Account for eligible health care expenses such as deductibles, copays, co-insurance, prescription drugs and dental expenses.
You can set up a FSA Dependent Care Account to help pay for eligible child and elder care expenses so you (and your spouse, if married) can continue work or attend school.
You can also set up a FSA Adoption Account to cover adoption-related expenses such as legal fees, home-study costs and travel expenses.