Benefits Glossary

Search and learn about common benefit terms and definitions

Have a question about a term not listed here? Visit our FAQ or contact your benefits coordinator.

Filter by Category: All Terms Coverage & Benefits Dental Coverage Disability Insurance Enrollment Process General Insurance Life Insurance Medical Coverage Health Savings & Spending Supplemental Insurance Vision Coverage
Clear Filters
Showing 3 results in Health Savings & Spending

Health Savings & Spending

FSA (Flexible Spending Account)

Health Savings & Spending

A pre-tax account for healthcare or dependent care expenses. Must be used within the plan year or grace period (use-it-or-lose-it rule applies).

Grace Period

Health Savings & Spending

Additional time after the plan year ends to use remaining FSA funds or submit claims. Typically 2.5 months.

HSA (Health Savings Account)

Health Savings & Spending

A tax-advantaged savings account for medical expenses, paired with a high-deductible health plan. Contributions are tax-deductible and funds roll over year to year.