Sentinel (FSA HRA HSA) 18.2.0

Sentinel is a suite of flexible spending accounts (FSA), health reimbursement arrangements (HRA), and health savings accounts (HSA) designed to help employers and employees manage healthcare costs.

A Flexible Spending Account (FSA) allows employees to set aside pre-tax dollars for eligible medical expenses, reducing taxable income.

An HRA (Health Reimbursement Arrangement) is employer-funded and used exclusively for qualified medical expenses, while an HSA (Health Savings Account) is employee-owned and can be funded by both the employer and employee tax-free.

Typically, FSAs do not allow for fund rollover, but some employers may offer a grace period or a limited carryover option; it's best to check your specific plan details.

HSA funds can be accessed via a debit card, checks, or through online banking as long as the expenses are qualified medical expenses.

Yes, contributions made to an HSA are tax-deductible, effectively lowering your taxable income for the year.

Eligible expenses typically include medical bills, prescription costs, dental and vision care expenses. More specifics can depend on the plan details.

Yes, you can have both accounts; however, there are regulations determining how much can be contributed to each. It’s important to review guidelines from IRS or consult with a plan administrator.

Yes, Sentinel Benefits Group offers customer support for account holders to assist with questions about their FSA, HRA, or HSA.

Enrollment usually occurs through your employer during open enrollment periods. Check with your HR department or Sentinel’s enrollment instructions.