Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the benefit of a health care savings plan over rolling vacation pay into one of the optional retirement plans offered by the University?

April 26, 2017benefit health care offered pay Plan retirement plans rolling savings vacation

0

Posted

What is the benefit of a health care savings plan over rolling vacation pay into one of the optional retirement plans offered by the University?

1 Answer

0

Posted

Optional retirement plan money is taxed when you withdraw it, regardless of how you spend the money. Health care savings plan funds are not taxed because they are used to pay for allowable medical expenses.