Your healthcare dollars go further with pre-tax savings. Contribute to a Health Savings Account (HSA) or Health Care Flexible Spending Account (FSA) to lower your taxable income and cover qualifying expenses. Both help you save — but they work differently.
When you enroll in an HSA medical option, Oncor makes an automatic contribution to your account based on your coverage level.
You cannot enroll in or contribute to an HSA if you:
Check IRS Publication 969 for full details. If you enroll in Medicare while still working, your HSA contributions may become taxable and subject to IRS penalties. For more details, refer to IRS Publication 969.
If you’re a new HSA participant, you’ll need to open a personal HSA at Fidelity. There are no fees to open a Fidelity HSA. If you already have a Fidelity HSA, you don’t need to open a new one.
Your dependents can be enrolled in the HSA medical option — even if they have other coverage — as long as you are not covered under their plan.
You can enroll in the HSA medical option if you are still working at age 65+. Here’s what to keep in mind:
Note: If you do enroll in Medicare Part A, your coverage can be retroactive up to six months and HSA contributions made during that retroactive window must be withdrawn by April 15.
If you’re enrolled in an HSA medical option and turning 65 this year:
You can withdraw HSA contributions at fidelity.com/go/hsa/why-hsa or call Fidelity at 1.866.402.7610. We also recommend that you consult a tax specialist if you’re unsure how this applies to you.
It’s a smart financial move to set aside dollars in your HSA since you can:
Plus, there are other advantages!
The Health Care Flexible Spending Account (FSA) is available to employees enrolled in Oncor’s HRA medical option. Employees who waive Oncor medical coverage are also eligible to participate.
Your money: You can elect to contribute pre-tax dollars (minimum $120, maximum $3,300 for 2026) through payroll deductions. You must re-enroll every year — your elections do not carry over automatically.
Spending your funds: The official plan year runs January 1 – December 31, 2026, but Oncor offers a grace period that lets you keep spending your Health Care FSA dollars on eligible expenses through March 15, 2027. You may use the Optum Financial debit card to pay for expenses, or you can pay out of pocket and file for reimbursement. You can find eligible and ineligible expenses for the Health Care FSA on optum.com.
Submitting claims: You have until March 31, 2027, to submit reimbursement claims for any expenses incurred between January 1, 2026, and March 15, 2027. Miss that deadline and you forfeit those dollars.
A Few Key Rules
Visit Optum Financial at optum.com or call 1.877.292.4040 for more information.
If you are enrolled in the HRA medical option, Oncor contributes to your account each year. Note that:
If you switch to an HSA medical option, you can use your HRA — but only for dental and vision expenses until your HSA deductible is met.
Contact Optum Financial (the HRA administrator) at optum.com or call 1.877.292.4040.
Refer to the Summary Plan Description for the Oncor Electric Delivery Company LLC Employee Welfare Benefit Plan and other documents in the Resource Library. You may obtain a copy of the required legal notices at no cost by opening a case through myhrconnection.oncor.com. Go to HR Help and submit a case to the benefits team.
Options and programs described in this website, as well as other communication materials, are intended only to be summaries of certain provisions of Oncor’s employee benefit plan(s) (the “Plan”). Benefits communication materials from the Oncor Benefits Department update and modify certain provisions of the Plan and, as such, constitutes a summary of material modifications under the law. The programs are governed by formal plan documents, and, in the event of a discrepancy, the formal plan documents will prevail. Oncor reserves the right to amend and/or terminate any or all of its benefit programs, in whole or in part, from time to time. The employee benefits offered through the Plan are optional. Any recommendations of any of the third-party administrators or insurers, or in-network/out-of- network designations are made solely by the applicable third-party administrators and/or insurance carriers, not by Oncor or the Plan.