Overview

You can save money on healthcare and dependent care expenses by paying for them with tax-free accounts. Using these accounts effectively will help you take full advantage of their money-saving potential.

Tax-advantaged accounts:

Key features at a glance:

  • Tax-free money — Money goes in tax-free and comes out tax-free when it’s used for eligible expenses.
  • Convenient payroll deductions — Contribute to your accounts easily and effortlessly.
  • Helpful budgeting tool — Plan for upcoming expenses by setting aside money each paycheck.

Compare Health Accounts

HSALimited Purpose Health Care FSAHealth Care FSADependent Care FSA
Available with …Aetna Saver PlanAetna Saver Plan
  • Aetna PPO
  • Kaiser HMO (California Only)
  • Waived medical coverage
  • Any medical plan
  • Waived medical coverage
Who administers the planHealthEquityNavia BenefitsNavia BenefitsNavia Benefits
Receive company contribution$400 Employee/$800 FamilyNoNoNo
Change your contribution amount anytimeYesNoNoNo
Access your entire annual contribution amount as neededNoYesYesNo
Access only funds that have been depositedYesNoNoYes
Use account money for…All eligible healthcare expensesOnly dental and vision expenses until you meet the IRS-required deductible, then use for all eligible healthcare expensesAll eligible healthcare expensesEligible dependent care expenses, including child care for children up to age 13 and care for dependent elders
“Use it or lose it” at year-endNoYes (Carry over up to $500)Yes (Carry over up to $500)Yes
Money is always yours to keepYesNoNoNo
Access to a debit cardYesYesYesYes

Health Savings Account

Employees in the Aetna Saver Plan can open and contribute money to a Health Savings Account (HSA) through HealthEquity. The HSA is a tax-free savings account that you can use to pay for eligible health expenses anytime, even in retirement.

Informatica contributes to your account and you can contribute through convenient payroll deductions. In addition, if you already have an HSA account at another institution, you can transfer those funds into your HealthEquity account at Informatica.

Tax Advantage Put money in tax-free.

Put money in tax-free.

  • Contribute to your HSA through pre-tax payroll deductions.
  • Change your contribution amount anytime.

Tax AdvantageGet company contributions.

Get company contributions.

  • $400 for employees with individual coverage
  • $800 for employees who also cover dependents

Tax AdvantageCarry unused money over.

Carry unused money over.

  • All the money in your HSA is yours to keep, year after year.
  • You can build up savings to pay for future health care expenses. You can even invest your money once it reaches a minimum balance, which gives you the potential for tax-free earnings growth and a way to plan ahead for your medical costs in retirement.

Tax AdvantagePay for care tax-free.

Pay for care tax-free.

Keep in mind: 2020 contribution limits

The total amount you and Informatica can contribute to your HSA this year is:

  • $3,550 for individual medical coverage.
  • $7,100 for family medical coverage.

Add $1,000 to these limits if you’re age 55 or older.

HSA at a glance

Increase your tax savings with a Limited Purpose FSA. Use your HSA together with the Limited Purpose Health Care FSA for additional tax savings. Note that with the Limited Purpose FSA, only dental and vision expenses are allowed.

icon Triple tax advantage

The HSA has a triple tax advantage that trumps even a 401(k) or Roth IRA. Money goes in tax free for federal taxes (state income taxes may apply in some states), builds earnings tax free, and comes out tax free when used on eligible expenses.*

*Money in an HSA can be withdrawn tax free as long as it is used to pay for qualified health-related expenses. If money is used for ineligible expenses, you will pay ordinary income tax on the amount withdrawn, plus a 20% penalty tax if you withdraw the money before age 65.

Getting started

To open an HSA, you must be enrolled in the CDHP. If you’re enrolled and haven’t opened an HSA yet, visit HealthEquity to open your account. If you’re not enrolled in the CDHP, you may enroll during the next Open Enrollment period.

icon Think long term!

A married couple is expected to spend $350,000 on health care costs during retirement, even with Medicare coverage. If you contributed the annual maximum to your HSA for 30 years, your account could grow to $313,000. And don’t forget, Informatica’s contributions help you reach the annual limit faster!

Source: EBRI.org. Estimate of future account value assumes a 5% rate of return and no withdrawals.

Flexible Spending Accounts

Using an FSA is like getting a discount on everyday health and/or dependent care expenses because you’re paying with tax-free money.

There are separate FSAs for health care and dependent care.

FSAs at a glance

icon Use your money!

With FSA money, you use it or lose it. If you have a balance left in your FSA as year-end approaches, try to spend as much of it as you can on eligible expenses. Request reimbursement or manage your account on the Navia Benefit Solutions website.

Health Care FSA

Pairs with the Aetna PPO Plan and Kaiser HMO (CA Only) only; also available if you waive Informatica medical coverage.

  • Contribute up to $2,750 annually to help cover eligible medical, dental, and vision expenses.
  • Select your annual contribution amount during Open Enrollment. You can only change your contribution amount during the year if your personal situation changes.
  • Spend your money by using your FSA debit card or request reimbursement for payments you’ve made.
  • Your entire annual contribution amount is available to you from the beginning of the plan year.
  • Up to $500 of unused money may be carried over to the next year; amounts above $500 will be forfeited.

Limited Purpose Health Care FSA

Pairs with the Aetna Saver Plan only.

  • Works together with the Health Savings Account (HSA) to give you additional tax-saving opportunities.
  • Contribute up to $2,750 annually.
  • This account can be used to cover eligible dental and vision expenses only.
  • Select your annual contribution amount during Open Enrollment. You can only change your contribution amount during the year if your personal situation changes.
  • Spend your money by using your FSA debit card or request reimbursement for payments you’ve made.
  • Your entire annual contribution amount is available to you from the beginning of the plan year.
  • Up to $500 of unused money may be carried over to the next year; amounts above $500 will be forfeited.

Dependent Care FSA

Pairs with any (or no) medical plan.

  • Contribute up to $5,000 a year to help cover your eligible dependent care expenses, including child care for children up to age 13 and care for dependent elders. This includes preschool, summer day camp, before or after school programs and child and elder day care.
  • Use the Navia Benefit Solutions website to reimburse yourself for payments you’ve made.
  • Select your annual contribution amount during Open Enrollment. You can only change your contribution amount during the year if your personal situation changes.
  • Unused money does not carry over at the end of each year — use it or lose it.