HCSAs at a glance
The type of spending account you’re eligible for depends on which Verizon health plan you choose:
- HCSA: Contribute if you’re not enrolled in the High Deductible Plan (HDP).
- Limited-purpose HCSA: Contribute only if you’re enrolled in the HDP.
| HCSA | Limited-purpose HCSA | |
|---|---|---|
| 2025 contribution limit | $3,300 | $3,300 |
| Eligible medical plans | All plans except HDP | HDP |
| Examples of eligible expenses |
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| Can I also have an HSA? | No | Yes |
How they work
Enroll through BenefitsConnection as a new V Teamer or during Annual Enrollment. Your election will carry over to the next year unless you make changes during Annual Enrollment or midyear following a qualifying life event.
Use the money in your HCSA to cover qualified health expenses.
Set aside up to $3,300. The IRS sets annual limits on spending account contributions. The 2025 limit is $3,300.
Your contributions will be deducted from your paycheck in equal increments throughout the year.
To estimate how much money to contribute to an HCSA, go to BenefitsConnection > Compare Your Plan Options > My Spending Account Calculators.
Budget carefully
You have until March 15 of the next year to incur expenses and until May 31 to submit claims for the prior year’s HCSA-eligible expenses. You’ll forfeit any unused balance after March 15.
Contacts
Verizon Benefits Center
Save on eligible health expenses when you set aside before-tax dollars in a health care spending account (HCSA) or a limited-purpose HCSA.
