[UCRDBR] UC Tax Savings Accounts Side-by-Side Comparison

[Departmental Benefits Representatives]

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July 15, 2024
To:
Department Benefits Representatives (DBRs)
From:
Central HR Benefits Office on behalf of UC Office of the President
Re:
UC Tax Savings Accounts Side-by-Side Comparison

DBRs, please share this information via your internal listserv.  Do not reply to this email.  Please
send a separate email with questions to benefits at ucr.edu<mailto:benefits at ucr.edu>.


UCOP announces the availability of a new comparison chart designed to provide clarity on the tax-advantage spending accounts available to employees. This chart compares the rules and purposes of the following accounts:



  *   Health Savings Account (UC Health Savings medical plan HSA)
  *   Health Flexible Spending Account (Health FSA)
  *   Limited Purpose Flexible Spending Account (LP FSA)
  *   Dependent Care Flexible Spending Account (DepCare FSA)



The hope is this tool will help faculty and staff better understand these options and assist in selecting the account that best suits their needs.



Please click here to download the resource: UC's tax savings accounts: Know your options (universityofcalifornia.edu)<https://ucnet.universityofcalifornia.edu/wp-content/uploads/2024/07/TaxSavingsAccounts-comparison.pdf>.



Below is a list of locations to find the new PDF resource within UCnet if unable to access the direct link:



  *   Medical | UCnet (universityofcalifornia.edu)<https://ucnet.universityofcalifornia.edu/benefits/health-welfare/medical/>
     *   Under the "Details about your benefits" section
  *   Health flexible spending account (FSA) | UCnet (universityofcalifornia.edu)<https://ucnet.universityofcalifornia.edu/benefits/health-welfare/health-fsa/>
     *   Under the "More information" section
  *   Health savings account (HSA) | UCnet (universityofcalifornia.edu)<https://ucnet.universityofcalifornia.edu/benefits/health-welfare/health-savings-account-hsa/>
     *   Under the "More information" section
  *   Dependent care flexible spending account (DepCare FSA) | UCnet (universityofcalifornia.edu)<https://ucnet.universityofcalifornia.edu/benefits/home-family/depcare-fsa/>
     *   Under the "More information" section
  *   DepCare FSA for Academic Student Employees | UCnet (universityofcalifornia.edu)<https://ucnet.universityofcalifornia.edu/benefits/home-family/depcare-fsa-for-academic-student-employees/>
     *   Under the "How the plan works" section
  *   Tax savings accounts: Know your options | UCnet (universityofcalifornia.edu)<https://ucnet.universityofcalifornia.edu/benefits/understanding-your-benefits/details-about-your-benefits/tax-savings-know-your-options/>



Please utilize this chart as a reference to help our employees make informed decisions about their spending accounts.


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