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Financial Wellness

Programs to help you save money, reduce taxes, and plan ahead.

HSA Benefits

  • Contributions reduce your taxable income.
  • Funds roll over from year to year.
  • The account is yours to keep — even if you leave Caltech or retire.
  • After age 65, you can withdraw funds for any reason without penalty (income tax applies if not used for medical expenses).

2026 Contribution Limits

  • Employee – $4,400
  • Family – $8,750
  • 55+ – $1,000 additional

You may enroll or change contributions at any time. Annual contributions are pro-rated based on your enrollment date.

Button: View HSA details.
Link to: HSA subpage

View HSA Details

Flexible Spending Accounts (FSA)

Flexible Spending Accounts let you use pre-tax dollars for healthcare or childcare expenses.

Two types are available:

  1. Healthcare FSA

Use pre-tax money to pay for eligible medical, dental, and vision expenses.

2026 Maximum Contribution: $3,300
Funds must be used by the annual deadline or they are forfeited.

You can enroll within 31 days of becoming benefits-eligible, during Open Enrollment, or after a qualifying life event.

 

Button: View FSA details
Link to: FSA subpage

 

  1. Dependent Care FSA (DCFSA)
    Use pre-tax money to pay for eligible childcare or dependent care expenses.

Eligible expenses include:

  • Daycare and preschool
  • Before- and after-school programs
  • Summer day camps
  • Adult day care for a qualifying dependent

2026 Maximum Contributions:

  • $7,500 – Non-highly compensated employees
  • $3,500 – Highly compensated employees
  • $3,750 – Married filing separately

Funds must be used by the annual deadline or they are forfeited.

 

Button: View DCFSA details
Link to: DCFSA section on FSA subpage

 

TIAA Services and Resources

Through our retirement provider, TIAA, you have access to a range of financial tools and resources designed to help you build confidence and strengthen long-term financial wellness.

  • Online Courses: Retirement planning courses covering foundational concepts, managing your plan, and protecting your assets. Visit org/caltech.
  • Consulting Services: Schedule a one-on-one consultation with a TIAA advisor at no cost.
  • Live and On-Demand Webinars: These sessions cover a variety of topics such as saving for your goals, managing your finances, protecting your future, and more. Visit org/caltech.
  • Additional Resources:

Tuition Reimbursement
Reimbursement is available for approved coursework at accredited colleges, universities, and career-related training programs. Visit hr.caltech.edu.

Public Service Loan Forgiveness
Caltech is a qualifying employer for the federal Public Service Loan Forgiveness (PSLF) program. Eligible employees may qualify for loan forgiveness after meeting federal requirements. Visit studentaid.gov.

Credit Union
The Caltech Employees Federal Credit Union provides banking services to the Caltech community and their families. Visit caltechefcu.org.