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Know your options

Several plans available for medical expenses

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Some available health plans can help you cover out-of-pocket medical expenses, such as prescription drug costs.

Reminder: USPS employees who want to save money for future medical expenses have several options during this year’s open season, which is underway through Monday, Dec. 10.

If you enroll in a high-deductible health plan (HDHP), you may be eligible to contribute to a health savings account (HSA).

An HSA allows you to pay for current health expenses and save for future medical expenses on a tax deductible or pretax basis. An HSA is yours to keep — even if you change health plans or leave the Postal Service.

Additionally, some plans offer health reimbursement arrangements (HRAs), which are funds you can use to help cover out-of-pocket medical expenses. HRAs are generally available to employees who enroll in a consumer-driven health plan (CDHP).

If an HDHP or CDHP doesn’t meet your needs, you can sign up for a flexible spending account (FSA), which allows you to set aside money on a pretax basis to pay for health and dependent care expenses.

The Open Season LiteBlue page has more information to help you evaluate your options and choose a plan that best fits your needs.

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