Spending Account Options

Our financial products can help your employees manage their health care dollars.

Flexible spending account (FSA) – UPMC Consumer Advantage® FSA

  • Typically funded by the employee with “pretax” dollars. An employer may make additional tax-free “flex credit” contributions to the FSA.
  • The balance cannot be carried over from year to year unless the employer gives members the option to roll up to $500 of unused funds year to year.
  • The account is owned by the employer. Unused balances are forfeited if the employee leaves.

Health savings accounts (HSAs) – UPMC Consumer Advantage® HSA

  • Must be paired with a qualified high-deductible health plan.
  • Both the employer and employee can contribute.
  • The balance can be carried over from year to year.
  • The employee owns the account and can take it when he or she leaves the company.

Health reimbursement arrangements (HRAs) – UPMC Consumer Advantage® HRA

  • Can be paired with any health plan.
  • Only the employer contributes to the account.
  • The balance can be carried over from year to year.
  • The employer owns the account. If the employee leaves the company, he or she can’t take the account to another company.

Qualified transportation accounts (QTAs) – UPMC Consumer Advantage® QTA

  • Can be paired with any health plan. Typically funded by the employee with “pretax” dollars. An employer may make additional tax-free “flex credit” contributions to the QTA.
  • Each account is entirely separate, and funds cannot be transferred from one to another.
  • The balance can be carried over from year to year.
  • The employer owns the account. If the employee leaves the company, he or she can’t take the account to another company.