SAVINGS ACCOUNTS
Health Savings Account (HSA)
- Available only with the Bronze HDHP plan.
- Use tax-free dollars for medical, dental, and vision expenses.
- Contribution limits are $4,400 for individuals, $8,750 for families.
- Money rolls over each year and earns interest.
- You own the account—even if you leave GNC.
Why choose this plan? You want to build long-term savings for health care expenses and save on taxes.
Flexible Spending Accounts (FSAs)
- Use tax-free dollars for eligible expenses:
- Health Care FSA: Copays, deductibles, glasses (max $3,200). - Dependent Care FSA: Child or elder care (max $7,500). - Commuter FSA: Parking and transit (up to $315/month each).
- Must use your money by the end of the year, or you lose it.
Why choose this plan? You want to lower your taxable income while covering regular expenses.