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HEALTH SAVINGS ACCOUNT

HEALTH SAVINGS ACCOUNT

Health Savings Accounts are administered through Flores!

You will receive a Participant ID Notice via email or mail. Use this to create a login to the web portal, flores247.com HSA contribution holding period 1-2 days.

Once enrolled, you will  be able to log into the portal and download HSA Transfer Form.  Please complete and return to Human Resources who will then provide to WEX. The transfer will happen between custodians. It’s important that you have an HSA open with Flores before initiating this process.

If you enroll in the Health Savings Account you will receive a Flores Benefits Card

Dedicated Customer Service

  • No phone tree! When you call Flores, a live voice will answer your call.
  • Customer Service dedicated email address for plan participants: [email protected]  

What is an HSA?

Health Savings Accounts (HSA) are a tax-advantaged medical savings account available to those who enroll in the Consumer Driven Health Plan (CHDHP). The funds you invest are not subject to most taxes. The growth of the invested amount is not taxed  and when the funds are distributed, no tax penalties are incurred when applied to qualifying expenses. The funds you contribute to your HSA are yours to keep and can be used not only for medical expenses, but for retirement expenses as well.

Vinci Brands Annual Contribution:

Single – $750

Family – $1,500

IRS Contribution Limits 2023:

Single – $3,850

Family – $7,750

Catch-up (Age 55+) – $1,000

Great Benefits For You!

Convenience Paying for expenses from your HSA is as  easy as using a debit card.

Choice Pay for qualified expenses from your HSA or  save your HSA money and pay out-of-pocket.

Control You decide how the money is spent and you  have the freedom to keep it if you change jobs or retire.

Triple-Tax Savings

Tax-Free Deposits Even if you don’t itemize  deductions, you don’t pay federal income tax on  contributions.

Tax-Free Savings – You keep any money you don’t spend  and it grows tax-free. No use-it-or-lose-it.

Tax-Free Withdrawals There’s never tax on  withdraws to pay for qualified expenses.