Overview

Segal offers the following tax-advantaged accounts to help you pay for eligible medical, dental and vision expenses:

All accounts are funded through pre-tax contributions, either from you, Segal or both. The medical plan you select determines which account(s) you may participate in, as shown the the chart below.

              
If you're in this plan... You can use these tax-advantaged accounts...
                                HSA                                 HRA                               HCFSA                                 DCFSA                                
Aetna PPO Plan                                                                 X                                 X                                 X                                
Aetna HDHP with HSA                             X                                 X                               X (limited-purpose only not full)                         X                                
HMO/EPO                                                               X                                 X                                 X                                
Waiver of Segal-sponsored coverage     X (full only not limited-purpose) X
      
  HSA HRA HCFSA Limited-purpose HCFSA
Account Overview Created at WEX in your name; use to pay for eligible healthcare expenses Pertains only to those that continue to have a balance in this account which is no longer offered Created at WEX in your name; use to pay for eligible healthcare expenses Created at WEX in your name; use to pay for eligible healthcare expenses
Who contributes to the account? You and Segal N/A in 2024 You You
What eligible expenses may be reimbursed? Healthcare expenses Healthcare expenses; becomes limited-purpose HRA if you elect HDHP with HSA option for 2024, which can be used only for dental and vision expenses Healthcare expenses Limited only to dental and vision expenses
Tax benefits? Tax-free on deposits, earnings, and reimbursements for eligible healthcare expenses Tax-free reimbursements for eligible healthcare expenses Tax-free contributions and reimbursements for eligible healthcare expenses Tax-free contributions and reimbursements for eligible healthcare expenses
Can unused dollars roll over from one year to the next? Yes Click here to find out what happens to your HRA balance You can roll over up to $570 from 2023 to 2024 You can roll over up to $570 from 2023 to 2024
Access to funds when you leave Segal? Yes, your HSA is always yours No, not unless you elect COBRA or are retirement-eligible You can continue using your FSA through the remainder of the calendar year only if you elect COBRA You can continue using your FSA through the remainder of the calendar year only if you elect COBRA
   

This brochure contains information about the medical plan options and other benefits Segal Group offers. If any statements contained herein are inconsistent with applicable laws and regulations or official plan documents and contracts, those regulations and documents will govern. Segal Group reserves the right to amend or terminate any plan, at any time, for any reason. No provision of any benefit is to be considered a contract of employment between you and Segal Group.

© 2024-2025 by The Segal Group, Inc. The information in this overview offers only brief highlights of the 2019 benefits plans. In the event of a conflict between this overview and the plan documents or policies, the plan documents or policies will govern.

How FSAs, HRAs and HSAs Compare

  • HSAs are tax-advantaged medical savings accounts that are only available to US taxpayers enrolled in an HDHP. 
  • You are immediately vested in your HSA funds.
  • Unlike FSAs, all unused HSA funds roll over and accumulate year over year if not spent.* 
  • You can earn tax-free interest for your HSA, and HSA funds may be used to pay for qualified medical/dental/vision expenses at any time without federal tax liability.

* For your HCFSA, you may roll over up to 20% of unused funds from one year to the next. 

Learn more about how HSAs and FSAs compare.