![]() ![]() The subscriber is responsible for managing their Horizon MyWay HSA account. Horizon MyWay HSA funds may be used to pay for qualified medical expenses including prescription drugs, as outlined under the provisions of section 125 of the Internal Revenue Code. HSAs are a type of personal savings account funded by the subscriber with pre-tax dollars. Horizon My Way HSA is available to all NJ DIRECT High Deductible Health Plan (HDHP) subscribers through Horizon BCBS. The Health Savings Account aka Horizon MyWay HSA The Dependent Care FSA is an account that you may set up for your anticipated, eligible and dependent care expenses not normally covered by your insurance.įlexible Spending Account Quick Reference Guideįlexible Spending Account Essential Guide.The Healthcare FSA is an account that you may set-up for your anticipated, eligible medical services, and medical supplies expenses not normally covered by your insurance.With a FSA, you benefit from having less taxable income in each of your paychecks, and the pre-tax income put away can be used towards your eligible medical and dependent care expenses. ![]() If you are eligible to enroll in the State Health Benefits Program, you may also participate in one or more Tax$ave Plans. Tax$ave can provide you with an opportunity to increase your available income by reducing your federal tax liability. Tax$ave is the State’s tax savings program provided through Horizon BCBS under the provisions of section 125 of the Internal Revenue Code. The Flexible Spending Account (FSA) aka Tax$ave ![]()
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