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Home
Employees
Families
Departments
Early Learning Programs
Early Learning Programs Handbook
Application Process
Common Questions
Criteria for Eligibility
Educational Links
Contact Us
Our Partners
Our Schools
Reading Resources
Topics of Interest
Virginia Early Learning Standards
Federal Programs
ESL Program
Food Services
GATEWAY Gifted Program
Referral & Identification
Student Opportunities
Workshops & Camps
Contests & Scholarships
For Parents
Teacher Resources
VDOE: Gifted Education
Human Resources
Maintenance
Business and Finance
Common Questions
Budget Information
Forms
Salary Scales
Bus Driver Salary Scales
Pupil Services
504
Special Education
SEAC
Purchasing
Division RFP's
Technology
Transportation
Leadership
Division
Division Contacts
Fall Membership Data
Substitute Teacher Update
Virtual Academy
School Board
Board Docs
School Board Members
Suggestions to the Board
FOIA Requests
SB Meeting Recordings
Calendar
Franklin County Public Schools
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Health Savings Account
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Health Savings Account
To be eligible to enroll in a Health Savings Account, you must be enrolled in the Anthem HSA 3000/20% plan. The HSA is administered by
Flores
.
Health Savings Account (HSA)
A health savings account is a tax advantages medical savings account available to taxpayers who are enrolled in a high deductible health plan (HDHP). The funds contributes to an HSA are made on a pre-tax basis. An HSA is 100% employee owned and the funds in the account are carried over from year to year. HSAs are not tied to an employer and stay with you if you change jobs.
HSA funds can be used to pay for qualified expenses at any time without federal tax liability or penalty. WIthdrawals for non medical expenses are subject to a 20% penalty and corresponding tax liabilities. At any point if you are no longer enrolled in a high-deductible health plan, you can continue to use the funds for qualified medical expenses but you can no longer contribute funds to the account.
You can find the current year HSA information in the FCPS Benefit Booklet or www.flores247.com
2022 -2023 FCPS Benefit Booklet
HSA participants age 55 and older may make a "catch-up" contribution of $1,000 per year.
Franklin County Public Schools will contribute a maximum of $500 to your HSA for the 2022-23 school year. The amount will be prorated based on your hire date.
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