Spending Accounts

Helping You Achieve a Healthier Bottom Line

CDPHP makes it easy with spending account options, flexibility, and choice of administrator.

Spending account options

When it comes to choosing the type of spending account to offer, it’s all about what’s best for your company and your employees.

Key differentiators among the options include:

Who makes the contributions?
What expenses the funds can be used for
Whether the funds can roll over from year to year

Use the resources below to learn about each type of spending account and how each can be used to help reduce the costs of your medical expenses.

	Health Reimbursement Arrangement (HRA)	Health Savings Account (HSA)	Flexible Spending Account (FSA)
Account Holder	Employer	Individual (Employee)	Employer
Eligibility	Individual must work for an employer that offers one	Individual must be enrolled in an HSA-qualified medical plan	Individual must work for an employer that offers one
Funding	Employer only	Individual and/or employer and certain others	Individual and/or employer
Portability	Cannot be rolled over to a new employer	The employee takes it when leaving employment; after age 65, funds may be used for non-medical expenses	Cannot be rolled over to a new employer
Fund Carryover from Year to Year	Optional (determined by employer)	Funds carry over year to year	Health FSA: Optional (employers choose a 2 1/2 month grace period, carryover up to IRS maximum limit, or neither). Dependent Care FSA: Funds are forfeited to employer if they are not used by the end of the plan year after a run-out period or grace period, if applicable
CDPHP Plan Compatibility	EPO, PPO, HMO, HDEPO, HDPPO, HDHMO	Qualified HDEPO, HDPPO, HDHMO	EPO, PPO, HMO, HDEPO, HDPPO, HDHMO
Qualified Expenses	Determined by employer; can include copayments, deductibles, vision care, dental care, prescriptions, and other IRS-qualified medical expenses	All IRS-qualified medical expenses	Health FSA: All IRS-qualified medical expenses, or defined, limited expenses such as dental and vision care Dependent Care FSA: Child or adult day care

Select the administrator that's right for you

At CDPHP, we realize the value of providing innovation within our spending account portfolio. CDPHP is proud to offer Lifetime Benefits Solutions (LBS) for market leading Health Reimbursement Accounts (HRAs), Flexible Spending Accounts (FSAs), and Health Savings Accounts (HSAs) administrative services.

Ready to offer spending accounts for your employees?

Explore Lifetime Benefits Solutions