How to Choose a Health Care Funding Account
When you enroll in the National Choice Plan or Whole Health Plan, you have the choice of Health Care Funding Accounts, the Health Savings Account (HSA) or the Personal Wellness Account (PWA) to pair with your medical coverage. Whole Foods Market makes a significant contribution to your account to help you pay for health care expenses for yourself and your eligible dependents.
Now sure which one is right for you? Take the quiz to learn more.
Remember, this quiz is just one tool to help you make a decision between the two Health Funding Account options. It’s no substitute for your own judgement – you make the final decision. Review the Annual Benefits Enrollment Guide and visit the Benefits Store to learn more about each of the accounts.
For Team members in a location where we offer the Whole Health Plan (WHP), when you enroll in the WHP and elect the PWA option, you will have less out of pocket expense when utilizing the preferred provider network.
Remember, no matter which account you choose, to take advantage of Whole Foods Market’s contribution, you must actively enroll in a Health Funding Account during Annual Enrollment when you elect to enroll in either the National Choice Plan (BCBSTX) or the Whole Health Plan (WHP).
Based on your enrollment in the Hawaii Preferred Provider Organization (PPO), you are not eligible to participate in a Health Funding Account. However, you can still take advantage of the tax savings that comes with contributing to a Flexible Spending Account (FSA).
Based on IRS eligibility rules, if another taxpayer is entitled to claim you as a dependent dependent or you are enrolled in Medicare, you cannot participate in a Health Savings Account. You still may be eligible to participate in the Personal Wellness Account.
For Team members in a location where we offer the Whole Health Plan (WHP), when you enroll in the WHP and elect the PWA option, you will have less out of pocket expense when utilizing the preferred provider network.
Based on your enrollment in the National Select Plan, you are only eligible to participate in the Personal Wellness Account.
For Team members in a location where we offer the Whole Health Plan (WHP), when you enroll in the WHP and elect the PWA option, you will have less out of pocket expense when utilizing the preferred provider network.