Health Savings + Flexible Spending Accounts

Overview

Health Savings and Flexible Spending Accounts are types of accounts that let you set aside money on a pre-tax basis to pay for qualified medical expenses or dependent care. By using pre-tax dollars to pay for dependent care or deductibles, co-payments, coinsurance, and other expenses, you can lower your overall health care costs. Appriss partners with McGriff Flexible Benefit Services to provide our employees with accounts. Manage your account here.

McGriff Flexible Benefit Services Contact Information

Phone: 1(800)768-4873
Website:
mcgriffinsurance.com/flex
Consumer Portal

Spending Account Comparisons

Click account name for more info: Flexible Spending Account (FSA) Health Spending Account(HSA) Limited Purpose Flexible Spending Account (LPFSA) Dependent Care Flexible Spending Account
Contribution Limits $2,650 Individual: $3,500
Family: $7,000
Catch-Up:+1,000
$2,650 $5,000
Medical Plan Compatibility No medical plan required. Medical Plan 1
Medical Plan 2
Medical Plan 1
Medical Plan 2
AND must be enrolled in HSA
No medical plan required
Frontloaded or load as you pay? Front Loaded Load as you pay Front Loaded Load as you pay
Midyear changes without Life Event? No Yes No No
Amount rollover year to year $500 Full Amount $500 $0
Amount you take with you at Termination $0 *you can continue, under COBRA if elected Full Amount $0 $0
Can you invest contributions? No Yes No No

NOTE: Due to IRS Regulations some transactions require itemized receipts showing the information outlined below. It is important to keep documentation on all purchases or risk having to pay taxes on the purchase. For more information on these requirements click here.

  • Merchant or provider name
  • Services received or item purchased
  • Date of service
  • Amount of the expense

An Explanation of Benefits (EOB) is an excellent source for this information. See below for pulling EOBs from our providers’ sites. Cancelled checks, handwritten receipts, cash register receipts or previous balance invoices cannot be used to verify an expense.

Resources