Jabil offers several accounts that help you pay for eligible healthcare expenses with tax-free money.

Health Savings Account (HSA)

The HSA is a tax-free healthcare savings account that comes with a high-deductible health plan like Jabil’s Healthy Plus medical plan. You can use it to pay for healthcare expenses now or save it for the future, even in retirement. Money goes into the account tax-free, account earnings grow tax-free, and money you use to pay eligible expenses is tax-free. The HSA is administered by WEX.

If you’re enrolled in Healthy Plus, you can use the HSA to pay for your eligible medical, dental, vision and prescription drug expenses and some limited over-the-counter items. Find a complete list at IRS Healthcare Expenses. You are also eligible to participate in the Limited Purpose Healthcare Flexible Spending Account (FSA) for dental and vision expenses.

Your account always belongs to you. You can even invest it in certain mutual funds through Healthcare Bank when your balance reaches $1,000.

Learn more about the HSA and how it works with the Healthy Plus medical plan.

You may be asked to provide documentation, such as an Explanation of Benefits (EOB) or an itemized receipt, to WEX to verify your HSA expense is eligible — otherwise it will be considered taxable in the following year.

HSA Contributions

You and Jabil can both contribute to the HSA each year, up to IRS limits. For 2025, that’s $4,300 for single coverage or $8,550 for any level of family coverage. These limits include:

  • Your contributions
  • Jabil’s contributions: up to $750 for single coverage and $1,500 for any level of family coverage (prorated based on the date you enroll in and set your HSA contribution amount), and
  • Any wellness incentives you earn

You can contribute another $1,000 if you’re between the ages of 55 and 65.

Medicare entitlement may impact eligibility to make or receive HSA contributions.

Not sure how much you should contribute? The WEX Benefits Toolkit provides you tools and resources to help you make your decisions.

Want Jabil’s HSA contribution, including your wellness incentive? Each year during enrollment, you must enter your HSA contribution amount. If you don’t want to contribute, enter $0.

Enrolling or Changing Contributions During the Year

You can stop or change your current contributions anytime during the year by contacting the Jabil Benefits Service Center. Changes you make to your HSA during the year will be effective on the first day of the following month.

If you open your HSA after January 1 (because you’re newly hired or become newly eligible for benefits during the year), Jabil’s contribution is prorated as of the first day of the month after you enroll in and enter your HSA contribution amount. For example, if you enroll on February 15, Jabil’s contribution is prorated as of March 1.

Choosing Your Beneficiary

HSAs require you to designate a beneficiary, that is, the person(s) who would receive your benefits if you die. Submit beneficiary designations on WEX and keep this information up to date so your money is distributed how you’d like.

It’s a good idea to review your beneficiary(ies) from time to time, for example, when you:

  • Experience a life event such as marriage, birth, divorce, or death of a dependent
  • Complete your benefits open enrollment
  • Update your will or estate plan

Note: You’re only eligible for an HSA if you participate in the high-deductible health plan: the Healthy Plus medical plan. Participating in a program such as Medicare (Part A or B), TRICARE, or a Healthcare FSA disqualifies you from HSA eligibility. In addition, you may not be claimed as a dependent on someone else’s tax return, except for your spouse’s.

HSAs are a federal program. States can choose to comply with federal guidelines concerning tax treatment of HSAs or establish their own rules. State regulations are subject to change; consult with your tax advisor about the tax treatment in your state.

Health Reimbursement Account (HRA)

If you’re enrolled in the Healthy Premier medical plan, you get a Health Reimbursement Account (HRA), funded by Jabil, to pay for a portion of your eligible healthcare expenses. Each year Jabil contributes $300 for single coverage or $600 for any level of family coverage. Unlike other accounts, you don’t contribute your own money to an HRA.

Any wellness incentives you earn are also added to your HRA. Any HRA money you don’t use by year-end rolls over if you stay in the Healthy Premier medical plan.

Because your HRA is managed by Aetna, the first dollars you spend on eligible medical and prescription drug expenses from your HRA are applied toward your annual deductible.

Healthcare Flexible Spending Account (FSA)

A Healthcare FSA allows you to set aside tax-free dollars to pay for eligible medical, dental, vision, and prescription drug expenses (including copays and coinsurance).

Highly compensated employees are subject to IRS non-discrimination testing that may affect contributions.

You’re eligible to contribute to the Healthcare FSA unless you are enrolled in the Healthy Plus medical plan. Healthy Plus participants can contribute to the Limited Purpose Healthcare FSA. For 2025 you can contribute between $200 and $3,200.

Limited Purpose Healthcare FSA

The IRS doesn’t allow you to contribute to both an HSA and a Healthcare FSA. That’s why Jabil offers a Limited Purpose Healthcare FSA for Healthy Plus medical plan participants to use for eligible dental and vision expenses. For 2025 you can contribute between $200 and $3,200.

You may be asked to provide documentation, such as an Explanation of Benefits (EOB) or an itemized receipt, to WEX to verify your Healthcare FSA or Limited Purpose Healthcare FSA expense is eligible — otherwise it will be considered taxable in the following year.

Plan Carefully

You have until December 31 to use the money in your Healthcare or Limited Purpose Healthcare FSA, and March 31 of the following year to submit claims for those expenses. You lose any money not spent by December 31 or not claimed by March 31. Note, if you use your FSA debit card for expenses, they must be incurred and paid by December 31.

Not sure how much you should contribute? The WEX Benefits Toolkit provides you tools and resources to help you make your decisions.

WEX Mobile App

The WEX mobile app gives you easy access to your account at any time. You can:

  • File a claim and upload documentation using your phone’s camera
  • Check your balance and view account activity
  • Get instant notifications on the status of your claims
  • And more