UVA_HRBenefit Savings Accounts & Credits
Benefit Savings Accounts Communication:
We help you save for your health and more
Benefit Savings Accounts & Credits
Learn more about the variety of savings accounts available to employees, and how you can use them to boost your financial well-being.
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Learn more about the transition to Fidelity
Benefit Savings Account Transition to Fidelity
Effective January 1, 2023, UVA has transitioned its benefit savings account administration to Fidelity Investments. This includes the Health Savings Account (HSA) and Flexible Spending Account (FSA). Learn more about the process and action items you may need to take.
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LEARN MORE ABOUT FSAS
Flexible Spending Accounts
The Flexible Spending Accounts and The Limited Flexible Spending Accounts set aside pretax income for certain medical costs. The Dependent Daycare Reimbursement Flexible Spending Accounts set aside pretax income for dependent / child daycare expenses.
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LEARN MORE ABOUT HSAS
Health Savings Accounts
HSAs allow you to save money from your pretax earnings to use for qualified medical, dental, and vision expenses. You can use an HSA with a high deductible health plan like the UVA Basic Health option.
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MORE INFORMATION ON THIS CREDIT
Supplemental Benefit Credit
The Supplemental Benefit Credit provides an annual offset to some benefits deductions. University Staff who are full- or part-time, benefits-eligible, with an annualized salary of $42,000 / year or less may have access to a $550 annual supplemental benefit credit.