DRIVEN BASE

FSA & HSA Tax Savings Accounts

Tax Savings Accounts Overview

Flexible Spending Accounts (FSA)

DENSO's FSA is administered by Businessolver through MyChoice Accounts.

Health Savings Accounts (HSA)

DENSO's HSA is administered by Businessolver through MyChoice Accounts/UMB Bank.

HSA Eligibility Requirements

To be eligible for an HSA in 2024, you must satisfy all of the following requirements:

1. Enrolled in the OpenRoad medical plan in 2024.
2. Not enrolled in a Health Care FSA in 2024.
3. Not enrolled in Medicare.
4. Not eligible to be claimed as a dependent on someone else’s tax return.
5. Not covered by any of the following insurance or accounts (for more details, see IRS Publication 969):
      - Spouse or domestic partner’s non-Qualified High Deductible Health Plan (non-QHDHP) health plan
      - You or your spouse’s health care Flexible Spending Accounts (FSA) TRICARE or TRICARE for Life
      - You or your spouse’s/domestic partner’s Health Reimbursement Accounts (HRA)
      - Medical coverage by a non-QHDHP
      - Any Veterans Affairs benefits used within previous three months
      - National health insurance provided by foreign countries while an expatriate