Other health savings

Changes for are noted in pink. Please review carefully.

Maximizing your dollars

To help you reach your well-being goals and get the most from your health care dollars, we provide a number of savings benefits – ranging from tax-advantaged accounts to discount programs.

Flexible Spending Accounts (FSA)

An FSA is a tax-advantaged account which lets you put aside pre-tax dollars for a wide range of eligible expenses for you and your family. You choose how much you’d like to contribute during enrollment and a portion of your election is deducted on a pre-tax basis from each paycheck.

These accounts may sound similar to an HSA, but they have different rules – for example, the money you contribute doesn’t rollover from year to year.

Your options

Health Care FSA	Dependent Day Care FSA
Can be used to pay out-of-pocket health care expenses and is available for employees who aren’t eligible for the Health Savings Account. Your total election will be available for your use at the beginning of the plan year. Minimum 2023 contribution: $200; maximum: $2,850 .	Can be used to pay for dependent care expenses for children under 13 who live with you, or for a physically or mentally disabled spouse or parent who lives with you and isn’t able to care for him or herself. This FSA is available for all full-time employees. Minimum 2023 contribution: $300; maximum: $5,000*. ($2,500 if married and filing separate returns)

Health Care FSA

Dependent Day Care FSA

Can be used to pay out-of-pocket health care expenses and is available for employees who aren’t eligible for the Health Savings Account. Your total election will be available for your use at the beginning of the plan year.

Minimum 2023 contribution: $200; maximum: $2,850 .

Can be used to pay for dependent care expenses for children under 13 who live with you, or for a physically or mentally disabled spouse or parent who lives with you and isn’t able to care for him or herself. This FSA is available for all full-time employees.

Minimum 2023 contribution: $300; maximum: $5,000*.
($2,500 if married and filing separate returns)

*Federal tax law may result in a maximum contribution lower than $5,000.

MedSave

If you’re age 40 or over, MedSave gives you the chance to save money for health expenses you might incur after leaving the company. For each after-tax dollar you contribute, Reynolds adds a credit of 50 cents.

When you leave the company, you can use your contributions to pay for your out-of-pocket health expenses. If you meet certain company service and/or age requirements, you can also use the company match. You can enroll in MedSave at any time.

Discount programs

Blue365

Blue365 is a free health and wellness discount program made available to you as part of our partnership with Blue Cross Blue Shield (BCBS)

The program offers year-round discounts on gym memberships, hearing and vision products, fitness gear, healthy eating options, and more.

To join Blue365, log in to your BCBS account and click on the Blue365 tile.

Globalfit – gym network-360 discount program

Through our partnership with BCBS, you and your family can take advantage of a discounted gym membership provided by GlobalFit.

GlobalFit’s nationwide network provides you with access to premier fitness, weight loss, and wellness brands at guaranteed low rates.

To help you stay motivated and get the most from your membership, you’ll also benefit from a range of educational tools and resources.

FAQs

What’s the difference between an HSA and a Health Care FSA?

The main differences between an HSA and an FSA are shown in the table below.

	HSA	HEALTH CARE FSA
Who can contribute?	Employees enrolled in the Advantage Plan as long as HSA eligibility requirements are met.	Employees who aren’t eligible to contribute to a Health Savings Account
What is the maximum that can be contributed during 2023?	$3,850 if individual coverage; $7,750 if family coverage. At age 55 you can contribute an additional $1,000 annually.	$2,850
If funds are left at the end of the year, will they rollover to the next year?
Can the funds be invested to potentially grow?
Will the account remain open if you leave the Company?	Yes – you own the account.	Generally, no.
Will I be required to substantiate my expenses with Health Equity?	No – you own the account. However you should retain documentation of your expenses for tax purposes.