Selecting Right Option
MetLife provides a flexible range of tax-advantaged benefit solutions and educational resources.
Health Savings Account (HSA)
If currently enrolled in a High Deductible Health Plan (HDHP), you may be eligible to open/contribute to an HSA.
Flexible Spending Account (FSA)
Set aside money to help assist with qualified medical expenses.
Dependent Care FSA (DC-FSA)
Use pre-tax dollars towards expenses for caring for a child or dependent adult.
Limited Purpose FSA (LP-FSA)
A benefit that helps you save on qualified vision, dental and preventive care expenses.
A flexible employer-funded health benefit to help employees pay for qualified healthcare expenses.
Get more mileage out of your paycheck by using pre-tax- funds to help pay for your commute.
Save on taxes when you contribute to an HSA. Use pre-tax dollars to pay for qualified healthcare expenses and enjoy tax-free asset growth for future needs, like retirement healthcare expenses.
Healthcare expenses can really add up. That’s a good reason to take advantage of an FSA. It lets you use pre-tax dollars to pay for out-of-pocket qualified healthcare expenses.
Save on your taxes and dependent care expenses. Lessen the financial impact of caring for an eligible child or dependent adult; you pay for qualified expenses with pre-tax dollars.
Spend less on taxes, save more on vision, dental and preventive care expenses. With an LP-FSA, you’ll preserve HSA funds to use for other expenses.
Get reimbursed for a portion of your and your eligible family members' out-of-pocket qualified healthcare expenses.
A new way to make your commuting expenses go further. You can use pre-tax funds accessed through a smart debit card to pay for work-related transit and/or parking.
Savings That Add Up
Health Savings & Spending Accounts can help you save up to 30% on qualified expenses4.
Contact your employer for more information.
1 It is the employee who determines whether to invest funds, and the employee selects those investments from the platform made available through MetLife.
2 MetLife Internal Analysis (last updated February 2022). Cash savings balances in an HSA earn interest through a funding agreement issued to the custodian bank, are not FDIC insured, and are subject to the financial strength and claims paying ability of Metropolitan Tower Life Insurance Company. The interest rates earned on the assets allocated to the funding agreement option are declared to the custodian and are guaranteed for at least 12 months from the date the interest rate is declared. There may be different interest rates applicable to different allocations depending upon when the allocation was made to the funding agreement option. The funding agreement option provides the investor with a stable rate of return over time. Metropolitan Tower Life Insurance Company may earn a spread from assets allocated to the funding agreement option available under HSAs.
3 Eligible dependents include any child age 12 and under who resides with a participant, and for whom the participant is entitled to a personal tax exemption as a dependent adults who reside with the participant and who are physically or mentally incapable of self-care. Not applicable to HRA’s
4 Savings are based on estimated Federal, State and Local tax rate of 30%. The amount participants can save in taxes will vary depending on various factors, such as the amount they set aside in the accounts, their annual earnings, whether or not they pay Social Security taxes, the deductions they claim on their tax returns, their tax brackets and their state and local tax regulations. Participants should check with their own tax advisors for information on how their participation will affect their tax savings.
5 Contribution limits are subject to change and should be checked on an annual basis on the IRS website.
6 For HSAs, FSAs, LP-FSAs, and HRAs see IRS publication 502 available at http://www.irs.gov/pub/irs-pdf/p502.pdf for a list of qualified expenses. For DC-FSAs, see IRS publication 503 available at http://www.irs.gov/pub/irs-pdf/p503.pdf for a list of qualified expenses. For Commuter Benefits, see IRS publication 15-B available at https://www.irs.gov/pub/irs-pdf/p15b.pdf for a list of qualified expenses. In addition, there may be legislation or additional publications that may modify or expand available qualified expenses. Employees should refer to their employer’s plan document(s) for the latest list of qualified expenses under their plan.