Benefit Summary 2020

Flexible spending accounts (FSAs) and Health Savings Accounts (HSAs) are special accounts that allow you to put money aside for certain out-of-pocket healthcare costs. You don’t pay taxes on this money. This means you’ll save an amount equal to the taxes you would have paid on the money set aside. You can also elect to contribute pre-tax FLEXIBLE SPENDING ACCOUNTS AND HEALTH SAVINGS ACCOUNTS Kern Medical is a federally designated Health Professional Shortage Area (HPSA). You may be eligible for loan repayments. Speak to a Kern Medical representative for more details. LOAN FORGIVENESS to a separate FSA to pay for qualified dependent childcare expenses. While FSAs can be used to pay for qualifying expenses in the current plan year, HSAs can be used to pay for both current and future plan year expenses. Only those enrolled into Kern Legacy Share Select are eligible to participate in the HSA.

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