FSA

What is the difference between a Health Flexible Spending Account and Harvard’s Co-Pay Reimbursement Benefit?

Eligible Harvard employees have two types of reimbursement accounts to help cover eligible healthcare expenses. The Flexible Spending Account is an employee-funded, tax-preferred account available to all employees and can be used to cover many kinds of eligible out-of-pocket health expenses; you must enroll in this benefit. The Co-Payment Reimbursement program only covers co-payments above certain thresholds and is only available to employees earning less $95,000; you do not need to enroll in this benefit.

What is the difference between a Health Flexible Spending Account (FSA) and a Dependent Care Flexible Spending Account?

The Dependent Care FSA is a tax-sheltered account that you fund to pay for care-provider expenses related for children (such as a daycare provider, nanny, preschool, after school program, etc.) up to age 13 and for dependent adults who cannot care for themselves.

Read moreWhat is the difference between a Health Flexible Spending Account (FSA) and a Dependent Care Flexible Spending Account?