Turn Caregiving into Tax Savings

¹Optional provision: The Consolidated Appropriations Act (CAA) 2021, temporarily allows for an eligible employee to be reimbursed expenses for dependents through age 13 (i.e., dependents who have not yet turned 14) for the 2020 plan year. To qualify for this relief, you must have been enrolled on or before January 31, 2020 and you must have unused amounts from the 2020 plan year.  In addition, you must have one or more dependents who attained the age of 13 during the 2020 plan year. You may also take advantage of this relief for the next plan year if unused grace period amounts from the 2020 plan year or other funds carried over into the 2021 plan year. Please refer to your plan documents or employer communications to determine if this option is available under your plan.Return to content

²Accounts must be activated via the HealthEquity website in order to use the mobile app.Return to content

³The example used is for illustrative purposes only; actual savings may vary. The figure is based on average tax rates, including state, federal and FICA taxes.Return to content

⁴If Married Filing Separately your limit is $2,500.Return to content

⁵Please refer to your plan documents for more information.Return to content

HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.