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Tax-Advantaged Accounts

Overview

You can save money by paying for eligible health care and dependent day care expenses with tax-advantaged accounts. Pearson offers you several types of accounts that lower your taxes.

Note: These accounts are not available to residents of Puerto Rico. Some state tax advantages may differ, please check with your tax advisor.

Key Features

  • Tax-free money: Money goes in tax-free and comes out tax-free when it’s used for eligible expenses
  • Convenient payroll deductions: Contribute to your accounts easily
  • Helpful budgeting tool: Plan for upcoming expenses by setting aside money each paycheck

Note: You must enroll if you want to contribute to these accounts annually.

Compare Tax-Advantaged Accounts

HSACombination FSAHealthcare FSADependent Day Care FSA
Available deductible plans$1,850 and $3,200$1,850 and $3,200$400 and $1,900 
(still available when medical coverage is waivedAny medical plan
(still available when medical coverage is waived)
Receives company contributionYesNoNoNo
Change contribution amount any timeYesNoNoNo
Access entire contribution amount at start of plan yearNoYesYesNo
Access only deposited fundsYesNoNoYes
Use funds forAll eligible healthcare expensesOnly dental and vision expenses until you meet the IRS-required deductible, then use for all eligible health care expenses.
This account is designed to work together with your Health Savings Account (HSA) for additional tax-saving opportunities.All eligible healthcare expensesEligible dependent day care expenses, including child care for children up to age 13 and care for dependent elders
“Use it or lose it” at year-endNoYesYesYes
Never lose funds and can invest themYesNoNoNo