Spring Into Financial Wellness
It’s tax season, which means you’re already thinking about numbers, forms, and (hopefully) refunds! While you’re in that mindset, why not run a quick personal audit on your financial wellness?
Topics In This Blog
the 411 on 401(k)
Ready to make your future self very impressed? It’s time to check in on your retirement savings. Check out RaceTrac’s 401(k) page for the 411!
A Lasting Legacy: 401(k) Beneficiary Designation
By appointing a beneficiary to your 401(k) account, you can ensure that your savings will end up in the hands of your loved ones. Follow these instructions to log into your Transamerica account and designate your beneficiary:
CuraLinc Savings Center
You don’t have to carry it alone
Who doesn’t love a good deal? While these aren’t actual tax deductions, the savings definitely feel like one. The SupportLinc Savings Center (powered by LifeMart) helps make everyday expenses a little lighter with discounts on things you’re already buying. Enjoy savings on:
First-time user?
Just register with your email, no Member ID needed. Returning users can jump right back in!
Personalized Financial Wellness
Taking control of your financial future starts with learning more
Transamerica offers personalized mini courses to make learning about personal finance easy and engaging! Explore interactive tools and expert insights tailored to every stage of life.
Topics include:
Understanding FSA vs. HSA
What is an FSA or HSA? These are pre-tax accounts you can use to pay for healthcare related expenses! You can pay for medical, dental, and vision co-pays and over-the-counter items.
How do they work? The accounts are funded by electing a total annual amount in Workday when you elect your benefits. Once you register, you will receive a debit card for eligible expenses.
What’s the difference?
| Health Savings Account (HSA) | Health Care Flexible Savings Account (FSA or HCFSA) | |
|---|---|---|
| Administered by | Health Equity | CBIZ |
| 2026 IRS Contribution Limit | $4,400 (individual), $8,750 (family) | $3,400 |
| Additional Contribution | $1,000 for individuals over 55 | N/A |
| Funding | HSAs are not front loaded.
This means you fund the account throughout the year with each deduction from your paycheck. You only can use your contributions once they are deposited into the account. |
FSAs are front loaded.
This means funds become available on your benefits effective date, however the payroll contribution will come out of each check throughout the year. |
| Eligibility | Enroll in the Bronze or Silver medical plan | Enroll in the Gold medical plan or if you have waived medical coverage |
| Changes | Can adjust contributions throughout the year | Changes only allowed with a Qualifying Life Event or at Annual Enrollment |
| Rollover | Rolls over from year to year | The IRS has a strict “Use-It or Lose-It” rule – any remaining funds at the end of the plan year will be forfeited |
| Enrollment | HSA Enrollment Instructions | FSA Enrollment Guide |
| What can I do if I lost my card? | Members can log into my.healthequity.com to request a replacement or additional card under “Manage Cards”. You can also call 866-346-5800 to request a new card. | Call customer service at 800-815-3023, opt 4 or email cbizflex@cbiz.com. Or you can request one from your online account as well. There is a $5.00 replacement card fee, it is charged to your FSA account. |
Your financial journey is personal, and every step forward matters. So while you’re filing, calculating, and checking all the boxes this tax season, take a little time to invest in you. A quick financial check-in today can pay off big in the long run.
Now that’s what we call a solid return on investment!
