MySLC

• A health savings account (HSA) through Inspira Financial is a medical savings account available to those enrolled in the HDHP (HSA) Plan with SLC.

• If you enroll in the HDHP (HSA) plan, SLC will contribute $1,000 for individual coverage and $2,000 for family coverage.

• As a participant, you can also set aside money on a tax-free basis through payroll deduction to pay for qualified medical expenses up to IRS maximums which are inclusive of SLC's contribution.

• To contribute towards your HSA, the HSA authorization form must be submitted every year during open enrolment.

• Contribution amounts can be changed throughout the year.

• Funds roll over each year, so you don't lose them if you don't use them!

• A Flexible Spending Account (FSA) is an account that lets you set aside funds through payroll deduction on a tax-free basis (up to the IRS contribution limit) to pay for qualified medical expenses such as copays, deductibles, prescriptions, OTC medications, vision & dental expenses.

• FSA form must be submitted every year during open enrollment.

• A Dependent Care Account (DCA) lets you set aside funds through payroll deduction on a tax-free basis (up to the IRS contribution limit) to pay for qualified dependent care expenses for dependents:
  • Under the age of 12
  • A dependent that is physically or mentally incapable of self-care

• A Payflex Dependent Care form must be submitted every year during open enrollment

Please make sure to check the 2025 IRS limits when calculating your payroll deductions!