You can save money on your health care and dependent care expenses by enrolling in a tax-efficient Health Savings Account (HSA) and/or Flexible Spending Accounts (FSAs).
Key features
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Tax-free money – Money goes in tax-free and comes out tax-free when it’s used for eligible expenses.
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Convenient payroll deductions – Contribute to your accounts easily and effortlessly.
Health Savings Account
With the $1,850 Deductible Plan and the $2,850 $3,000 for 2023) Deductible Plan, you’re eligible to open and contribute money to a Health Savings Account (HSA). Parexel also contributes towards this plan.
Flexible Spending Accounts
Save money on health care and/or dependent care expenses by using a tax-free FSA. The money you contribute to these accounts comes from your paycheck before it is taxed, and you withdraw it tax-free to pay for eligible expenses.