Benefits of Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs)
HSAs and FSAs are great savings tools that allow you to set aside money, tax-free, to pay for eligible health care costs.
A Closer Look at How They Work
Maximize your savings with an HSA!
- Always max out contributions to your HSA first if you’re enrolled in Option 2 or 3 before you elect to contribute to the Limited Purpose FSA.
- Remember: When you have an HSA account, your FSA is legally required by the IRS to become limited-purpose and can only be spent on dental and vision expenses.
- HSA funds roll over year-to-year and the money is yours to keep even if you separate from GE Aerospace or retire.
- With an HSA, your money goes in tax-free, earns interest tax-free, and is tax-free when you withdraw money — as long as you use it for eligible healthcare expenses.
- You can change how much you contribute to your HSA via payroll deductions at any time.
HSA
Can be used to pay for: Qualifying medical, prescription drug, dental, and/or vision expenses
Availability: If you’re enrolled in medical plan Option 2 or 3
2026 Contribution limits: Self: $4,400
Family: $8,750
Keep in mind: Employees 55 and older can contribute an additional $1,000 as a “Catch-up Contribution”
Rollover rules: An HSA is an account you own; HSA funds roll over year-to-year
Investment options: Funds will grow with interest and can be invested for retirement
Limited Purpose FSA
Can be used to pay for: Qualifying vision and dental expenses
Availability: If you’re enrolled in medical plan Option 1, 2 or 3
2026 Contribution limits: Self: $3,300
Rollover rules: You can roll over up to $660 into the next year Use it or lose it: Any additional unused funds at the end of the year (or if you separate from GE Aerospace) are forfeited
Investment options: Does not earn interest and cannot be invested
HealthCare FSA
Can be used to pay for: Qualifying medical, prescription drug, dental, and/or vision expenses
Availability: If you’re enrolled in medical plan Option 1
2026 Contribution limits: Self: $3,300
Rollover rules: You can roll over up to $660 into the next year Use it or lose it: Any additional unused funds at the end of the year (or if you separate from GE Aerospace) are forfeited
Investment options: Does not earn interest and cannot be invested
Dependent Care FSA
Can be used to pay for: Qualifying dependent care expenses (for children under 13 or other dependents who are unable to care for themselves)
Availability: Available to all eligible employees (eligibility not based on medical plan enrollment)
2026 Contribution limits: Self: $3,300
Rollover rules: You can roll over up to $660 into the next year Use it or lose it: Any additional unused funds at the end of the year (or if you separate from GE Aerospace) are forfeited
Investment options: Does not earn interest and cannot be invested
Maximize your savings with an HSA!
- Always max out contributions to your HSA first if you’re enrolled in Option 2 or 3 before you elect to contribute to the Limited Purpose FSA.
- Remember: When you have an HSA account, your FSA is legally required by the IRS to become limited-purpose and can only be spent on dental and vision expenses.
- HSA funds roll over year-to-year and the money is yours to keep even if you separate from GE Aerospace or retire.
- With an HSA, your money goes in tax-free, earns interest tax-free, and is tax-free when you withdraw money — as long as you use it for eligible healthcare expenses.
- You can change how much you contribute to your HSA via payroll deductions at any time.
This guide provides highlights of the changes to health and welfare plans. If there are any conflicts between this document and the Plan documents, the Plan documents prevail. GE Aerospace (General Electric Company or the Company) sponsors certain employee benefit plans or programs. General Electric Company, operating as GE Aerospace, reserves the right to terminate, amend, suspend, replace or modify its benefit plans and programs at any time and for any reason, in its sole discretion. GE Aerospace will exercise this right consistent with the terms of any applicable collective bargaining agreement and any obligations imposed by law. No individual has a vested right to any benefit under a GE Aerospace welfare benefit plan or program.
