These accounts let you set aside money from your paycheck before taxes and spend it on health care or child care. That lowers your taxable income, so every dollar goes further. All of them are run by HealthEquity, and you’ll get a HealthEquity debit card to pay for eligible expenses.
Health Savings Account (HSA)
The HSA is only available if you enroll in the Cigna HDHP. It’s the most tax-friendly account there is: money goes in tax-free, grows tax-free and comes out tax-free for qualified medical, dental and vision costs. The account is yours. Unused money rolls over every year, and it goes with you if you leave Liberty.
- Liberty’s contribution: up to $500 for employee-only coverage, or up to $1,000 if you cover at least one dependent. It’s paid a little each pay period and prorated if you join mid-year.
- 2026 IRS limits (your money plus Liberty’s): $4,400 for single coverage, $8,750 for family coverage. If you’re 55 or older, you can add another $1,000.
To contribute, you can’t have other health coverage (including Medicare, TRICARE or a regular health care FSA through Liberty or your spouse), and no one can claim you as a dependent on their tax return. If you leave the HDHP, you can still spend the money in your account but you can’t add more. Liberty only sends contributions to your HealthEquity account, so if you have an HSA somewhere else, you can transfer that balance to HealthEquity.
Flexible Spending Accounts (FSA)
Health Care FSA
Use it for medical, dental and vision costs like copays, deductibles, glasses and orthodontia. You can put in up to $3,400 for 2026, and your full election is available on January 1, even before it’s all come out of your paychecks. Up to $680 of unused money carries over to 2027. Anything above that is lost, so estimate carefully.
Limited Purpose FSA (new for 2026)
If you have the HSA, this FSA lets you set aside up to another $3,400 for dental and vision expenses only. The same $680 carryover applies.
Dependent Care FSA
Pay for day care, preschool, summer day camp or adult day care so you (and your spouse) can work, look for work or go to school full time. The limit is $7,500 per household. Unlike the health care FSA, you can only be reimbursed for money that’s already come out of your paycheck, and there’s no carryover. Children must be under 13, or be a dependent who can’t care for themselves and lives with you more than half the year.
For every FSA, expenses must happen by December 31, 2026, and you have until March 31, 2027 to submit claims.
Keep your receipts
The IRS can ask you to prove an expense was eligible, and HealthEquity sometimes asks for a receipt even after a debit card purchase. Keep receipts and Explanations of Benefits. Check your balance, submit claims and see the full list of eligible expenses in the HealthEquity app, at learn.healthequity.com/the-liberty-company, or by calling 866-346-5800.
