Saving and Spending Accounts

VMware offers a variety of tax-advantaged saving and spending accounts:

HSA vs. Health FSA Plan Comparison

HSA Limited Purpose FSA General Purpose FSA
Eligibility You must enroll in the HSA PPO to be eligible for the HSA. If you enroll in the HSA PPO, with HSA plan. If you enroll in the Traditional PPO, the Kaiser HMO or the HSA PPO, without the HSA  plan.
VMware Funding per Quarter1 Individual: $187.50
Family: $375
No employer funding. No employer funding.
Your Contributions You may contribute as little as $100 a year up to the maximum allowed by the IRS ($3,550 employee only, $7,100 for family)2. If you are age 55 or older, you can contribute up to an additional $1,000 per year. You can contribute any amount between $25 and $2,700 annually. You can contribute any amount between $25 and $2,700 annually.
Paying for Care The HSA can be used to pay for eligible medical, prescription, dental, and vision expenses. Or you can save the money in your account for future health care expenses. Reimburses you for eligible dental and vision expenses. Reimburses you for eligible medical, prescription drug, dental, and vision expenses.
 
Tax Savings No taxes on contributions.3
No taxes on withdrawals for eligible expenses.
No taxes on earnings from interest or investments.
No taxes on contributions.
No taxes on withdrawals for eligible expenses.
No taxes on contributions.
No taxes on withdrawals for eligible expenses.
Do funds roll over? Yes. Any funds left over in your HSA will roll over year-to-year. You earn interest, tax-free, on the balance in your account. Any amount up to $500 will automatically be rolled over into the next plan year. Any amount up to $500 will automatically be rolled over into the next plan year.
Account Administration HealthEquity is the account administrator. TRI-AD is the account administrator. TRI-AD is the account administrator.

1 All existing employees enrolled in the HSA PPO as of January 1, 2020 will receive employer funding of $750/$1,500 (Employee Only/Family). All new hires as of January 1, 2020 will receive employer funding on a quarterly basis (divided by 4). VMware funding based on coverage at the end of each quarter. Must be active on the last day of the quarter. Paid Interns are not eligible for VMware funding. HealthEquity accounts funded the pay period following the close of quarter.
2 IRS maximums include employer and employee contributions combined.
3 Employer and employee contributions to the HSA are tax-free for federal and most state taxes. However, HSA contributions are not tax deductible for AL, CA, and NJ.

Dependent Eligibility