Flexible Spending Accounts

Tax Advantage Accounts 

You can save money on healthcare and dependent care expenses by paying for them with tax-free accounts. Using these accounts effectively will help you take full advantage of their money-saving potential.

2024 Benefits Reference Guide Cover Photo

2024 Benefits Reference Guide

BorgWarner is committed to providing you with valuable benefits and comprehensive wellbeing resources to promote healthy and productive lives.

DOWNLOAD OUR BENEFITS REFERENCE GUIDE

Member Services: 866.346.5800 Health Equity Website: HealthEquity.com 

Healthcare FSA

FSA Step 1

Step 1

Estimate Your Needs

  • Estimate your out-of-pocket healthcare and/or dependent  care expenses for the year.
  • Decide how much you are able to contribute to the FSAs  to cover these expenses.  
FSA Step 2

Step 2

Elect Your Contribution Amount
You may elect to contribute:

  • Health Care and Limited Purpose FSA: up to $3,050 per year.
  • Dependent Care FSA: up to $5,000 per year. (See the benefits reference guide for dependent care limits and rules.)
FSA Step 3

Step 3

Use/Manage Your FSA

  • Manage your FSA through the HealthEquity online member portal (and mobile app).
Visit healthequity.com

Health Spending Account (HSA)

The HSA is a tax-advantaged personal savings account available to employees enrolled in the HSA Saver Plan. The account can be used to pay for current or future eligible healthcare expenses even in retirement. Manage your HSA through the HealthEquity online member portal (and mobile app).

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