Northrop Grumman offers four different tax-advantaged accounts to help you cover healthcare and dependent care expenses with pre-tax dollars. Be sure to check them out—they can help you save hundreds of dollars in taxes each year.
Note: You need to take action every year during Annual Enrollment to enroll and contribute to these accounts.
Tax-Advantaged Accounts At-a-Glance
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General Purpose Medical, dental and vision care expenses* |
Limited Purpose Health Care FSA Dental and vision care expenses only |
Dependent Day Care FSA Dependent care expenses (such as day care and elder care) |
HSA Medical, dental and vision care expenses |
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Who's Eligible
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All benefits-eligible |
All benefits-eligible employees; however, generally only those contributing to an HSA |
All benefits-eligible |
Participants in these plans:
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2026 Contribution Limit |
$3,300 |
$3,300 |
Note: this limit may vary for highly compensated emplolyees. |
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*See IRS Publication 969 for details on expenses that qualify for tax-free reimbursement.
Still have questions about HSAs and FSAs?
Check out Fidelity's on demand video Your HSA and FSA Questions Answered.
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Fidelity explains how HSA-eligible health plans, HSAs and FSAs work together, how they differ and the unique benefits of each.
Important Reminders:
HSA
- You own your HSA and the contributions made to it, whether from you or the company. It is not part of the Northrop Grumman Health Plan. If you leave or retire from the company, you can take your HSA balance with you.
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While you can open an HSA at any time, you must elect during Annual Enrollment and open an account to start contributing in Jan.
- You must elect to contribute to an HSA each year during Annual Enrollment. Otherwise, if you are currently contributing and don’t take action during Annual Enrollment, your HSA election resets to $0 for the next plan year – but the balance in your account remains yours to use into the future.
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Any contribution Northrop Grumman makes counts against the IRS contribution limit.
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If you choose not to make HSA contributions out of your pay, you must still have an HSA through NetBenefits to receive your well-being incentive as an HSA contribution**.
- If you haven’t yet opened an HSA and don’t want to make HSA contributions, you’ll need to manually set your contribution at $0 after you open it. If you have an existing HSA account, it will be automatically set to $0.
**Baltimore and Sunnyvale represented employees are eligible for the Annual Physical Incentive
For the Health FSA and Limited Purpose FSA:
- You must elect to contribute to your FSA each year during Annual Enrollment. Otherwise, if you are currently contributing and don’t take action during Annual Enrollment, your FSA election resets to $0 for the next plan year.
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Any unused funds in your FSA, up to $660, can be carried over to the following plan year – as long as you enroll in an FSA for the upcoming year. Otherwise, unused funds will be forfeited.
For the Dependent Day Care FSA:
- You must elect to contribute to your FSA each year during Annual Enrollment. Otherwise, if you are currently contributing and don’t take action during Annual Enrollment, your FSA election resets to $0 for the next plan year.
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Any unused amounts left credited to the Dependent Day Care FSA don’t carry over and will be forfeited.
Other Plan Comparisons