HSA & FSA | GoMacro Benefits

FSA & HSA

Administered by HealthEquity

Flexible Spending Accounts (FSA)

You can save money on your healthcare and/or dependent day care expenses with an FSA. You set aside funds each pay period on a pretax basis and use them tax-free for qualified expenses. You pay no federal income or Social Security taxes on your contributions to an FSA. (That’s where the savings comes in). Your FSA contributions are deducted from your paycheck before taxes are withheld, so you save on income taxes and have more disposable income. A Limited Purpose FSA works exactly the same as the FSA Medical Plan however, it is limited to reimbursements only for dental and vision expenses and only available to employees enrolled in the HDHP with HSA medical plan.

Healthcare Spending Limit: $3,300 (Available to employees enrolled in the Base and Buy Up plans)
Limited Purpose Flexible Spending Limit: $3,300 (Available to employees enrolled in the HDHP with HSA plan)
Dependent Care Spending Limit: $5,000 (Used to pay for child and elder care expenses)

Health Savings Accounts (HSA)

Manage your account easily with the HealthEquity App!

Participants of HDHP with HSA Plan ONLY
An HSA is a personal bank account that GoMacro funds, and YOU own. You can use

the account to save money, income-tax free, through a payroll deduction to pay for

qualified medical expenses. HSA funds\roll-over from year-to-year and the account

is portable should you change health plans, retire or change employment.

Eligibility:

You must enroll in the GoMacro HDHP with HSA Medical Plan.
Cannot be covered by any other health plan (such as a spouse’s plan) that is not a qualified HDHP plan.
Cannot be enrolled in Medicare, TRICARE or TRICARE for Life
Cannot be claimed as a dependent on someone else’s tax return
Cannot have received VA or Indian Health benefits within the past three months
Cannot also be simultaneously covered by a health care flexible spending account (FSA) except in the case of a limited purpose FSA.

GoMacro Health Savings Account Contribution

For Single HDHP Enrollees:

GoMacro will contribute $500 at the start of the year and provide a

dollar-for-dollar match on additional contributions up to $1,000.

For Family HDHP Enrollees (EE+Spouse, EE+Child, Family):

GoMacro will contribute $1,500 in January, with an additional dollar-

for-dollar match on contributions up to $1,000 throughout the year.

2025 HSA Annual Maximum Contribution Limits (Employee & Employer combined):

Individual: $4,300
Family: $8,550
Age 55+: Additional $1,000 Catch Up Contribution

Dependents and HSA: Children age 24 if full time student (or 19 if not full time student) cannot use a parent‘s HSA for eligible expenses despite health reform allowing children to remain on medical up to age 26.

If enrolling in the HDHP with HSA medical plan for the first time, you are automatically enrolled in the Health Savings Account. HealthEquity will send you a welcome kit, account activation instructions and a debit card mailed to your home address on file with GoMacro.