Savings & Spending Accounts
Health Savings Account (HSA)
If you elect the Anthem BCBS High Deductible Health Plan (HDHP), you will be eligible to open and contribute to a Health Savings Account (HSA). HSAs are offered through Associated Bank and allow you to make pre-tax contributions to pay for qualified medical, dental, and vision expenses that are not covered by your insurance plans.
2026 Contribution Limits
| Contribution Type | Limit (includes company contributions) |
|---|---|
| Team member only | $4,400 |
| Team member plus 1 or more dependents | $8,750 |
| Catch-up (age 55 or older) | $1,000 |
How the HSA Works
- Your HSA can be used as both an account for current healthcare expenses and an investment account for future healthcare expenses at retirement.
- You have the flexibility to change your payroll contribution amount at any time throughout the plan year.
- Your account balance (U.S. Venture and Team member contributions) will carry over to the next year.
- Associated Bank also offers investment options that will allow you to earn tax-free interest. Note: There is a fee of $2 per month for account holders using the investment account option.
HSA withdrawals are tax-free if the funds are used for eligible healthcare expenses.
If you use these funds for ineligible expenses, you will pay ordinary tax if you are over age 65 or ordinary tax plus a 20% penalty if you are under age 65.
More information about qualified expenses is available in IRS publication 502. This publication can be found on the IRS website or ordered by calling 1-800-TAXFORM. Eligible expenses are generally defined as medical, dental, or vision services, equipment, or medications for you or your eligible covered dependents. Keep receipts for all expenses for tax purposes. Associated Bank will provide information at the end of the calendar year for reporting on your personal income tax return.
Company Contributions
For those enrolled in the Anthem BCBS High Deductible Health Plan (HDHP), U.S. Venture will contribute to your Health Savings Account by providing $19.23 biweekly/$9.62 weekly ($500 per year) for single coverage or $38.46 biweekly/$19.23 weekly ($1,000 per year) for other coverage tiers. This funding will be prorated for new hires.
You must have an Associated Bank Health Savings Account to receive the U.S. Venture contribution under the Anthem BCBS High Deductible Health Plan (HDHP – HSA Eligible).
U.S. Venture will establish your HSA, but you will need to open your account. Visit AssociatedBank.com to access the HSA enrollment page and set up your account.
Flexible Spending Accounts (FSAs)
Participating in a flexible spending account (FSA) allows you to set aside a portion of your salary, before taxes, to pay for qualified out-of-pocket healthcare or dependent care expenses. Because that portion of your income is not taxed, you end up with more money in your pocket.
| Healthcare FSA | Limited Healthcare FSA | Dependent Care FSA | |
|---|---|---|---|
| Allowable Expenses | Qualifying out-of-pocket medical, dental, and vision expenses. | Qualifying out-of-pocket dental and vision expenses. | Day care expenses for your eligible dependents. |
| Eligibility | Applies to deductibles, coinsurance, medications, and other eligible expenses. | Available to team members enrolled in the Anthem BCBS High Deductible Health Plan (HDHP). | You and your spouse (if applicable) must be employed or attending school full-time. |
| Reimbursement | Up to your annual election | Up to your annual election | Up to your current account balance |
| 2026 Carryover | Up to $680 | Up to $680 | No carryover |
| 2026 Contribution Limit | $3,400 | $3,400 | $7,500 per household ($3,750 if married and filing separately) |
If you earned more than $150,000 last year, the IRS considers you a Highly Compensated Employee (HCE). This means your contribution might need to be reduced if the plan doesn’t meet certain fairness rules. While you can choose up to the $7,500 limit, please keep in mind that IRS testing could require adjustments to your contribution. If this happens, you’ll be notified in February, and your payroll deductions will be updated. If your spouse has access to a Dependent Care FSA through their employer, and their income falls below the $150,000 threshold, you might want to consider having your spouse make this election or consider splitting your household contributions between both plans to avoid potential reductions.
How FSAs Work
As you incur expenses, you can access your FSA funds by using your debit card, requesting a reimbursement online, or submitting a paper claim form. Your annual election will remain in effect for the plan year unless you have a qualifying life event or status change. You will have 90 days after the end of the calendar year to request reimbursement for expenses incurred during the calendar year. Up to $680 of unused funds in your Healthcare or Limited Healthcare FSA will be automatically carried over to the next calendar year. Any funds over $680 will be forfeited. There is no carryover in your Dependent Care FSA. All unused funds will be forfeited.
The FSA plans are administered through WEX. If you have any questions regarding FSAs, eligible expenses, or using funds, you’re encouraged to contact WEX Participant Services directly at 866-451-3399 between 6:00 am and 9:00 pm CST, Monday-Friday. You can find more information on the Total Rewards SharePoint.