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Benefit Savings Accounts & Credits


Benefit Savings Accounts Communication:

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.

  • 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.

    Learn more about the transition to Fidelity
  • 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.

    LEARN MORE ABOUT FSAS
  • 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.

    LEARN MORE ABOUT HSAS
  • 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.

    MORE INFORMATION ON THIS CREDIT