We help you save for your health and more

Benefit Savings Accounts & Credits

COVID-19 Benefit Savings Accounts Communication:

  • Chard Snyder Access from Foreign Countries. Due to increased security concerns and for the safety of the consumer accounts. Chard Snyder does not allow consumer portal access or mobile app access from foreign countries. 
  • Learn how the Federal CARES Act Impacts Your Health FSA/HSA. Read the message from Chard Snyder.
  • Added Security feature. Chard Snyder is implementing multi-factor authentication (MFA) within the participant portals for Savings & Spending Accounts to provide an extra layer of security when you log in.

    Participants may be prompted to authenticate their account and set up further account details when they are on a mobile or desktop device at the time of login or transaction request. The process will be fully explained on screen and will provide options for verifying your identity. See brochure for additional details. 


UVA offers several benefits savings accounts and credits. Depending on employee type and health plan enrollment, you may have the option to enroll in a Flexible Spending Account, limited Flexible Spending Account, Health Savings Account, or Dependent Daycare Reimbursement Flexible Spending Account. If you are University Staff, you may have access to a Supplemental Benefit Credit. Below are brief descriptions of these accounts.  Click on the links in each description for detailed information including eligibility, costs, and allowable contributions.  




Flexible Spending Accounts (FSAs)

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.

These funds must be used by the end of the calendar year. However, UVA's FSA program offers a grace period of 2 1/2 months to those who are enrolled in the program on December 31, the last day of the plan year. This allows you to spend FSA money for dates of service through March 15 of the following year. After the grace period ends, you will lose any remaining money in your FSA account. You may only start, stop, or change FSA elections during Open Enrollment or if you have a qualified life event. Any reimbursements you receive from UVA's FSA vendor must be deposited directly into your personal checking or savings account. 

Learn more about FSAs

Health Savings Accounts (HSAs)

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. Once you have an HSA account, you can keep it forever. However, if you switch out of the Basic Health Plan or if you terminate employment at UVA, you will incur a $4 monthly administration fee to keep the account open.

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

MCRP Flexible Credit

Salaried employees with the Medical Center Retirement Plan (MCRP) receive core benefits (retirement, disability protection, and life insurance) at no cost. In addition, Medical Center salaried employees receive flex dollars to purchase optional benefits.

  • Flex dollars are paid in addition to salary
  • They are tailored to you based on age, salary, and hours worked
  • If the benefits selected cost less than the flex dollars provided, the difference is added to your paycheck; if they cost more, the difference is deducted from your paycheck

This benefit option is not available to employees currently participating in a Virginia Retirement System (VRS) program.

Full-Time Employee Credit Rate
The following are credit rates for each age range:

  • 18-34 years, rate of .00246
  • 35-39, .00284
  • 40-44, .00424
  • 45-49, .00636
  • 50-54, .00988
  • 55-59, .01518
  • 60-64, .02333
  • 65-84, .02891

For part-time employees, the credit rate for all ages is .00221


  • Annual Salary x Credit Rate = Annual Flex Credit
  • Annual Flex Credit / 24 pay periods = Flex Credit per pay period amount