Flexible Spending Accounts (FSAs)

With an FSA through HealthEquity, you can set aside pre-tax money to pay for eligible healthcare and dependent care expenses. You choose how much to contribute each year, and the money is deducted from your paycheck before taxes, reducing your taxable income.

Features	Healthcare FSA	Limited Purpose FSA
Who can use it?	Eligible teammates enrolled in the HMO, EPO, or POS plans	Eligible teammates enrolled in the HDHP plan
How much can you put in (pre-tax)?	Up to $3,400	Up to $3,400
What can you spend it on?*	Medical, dental, and vision deductibles, copays, coinsurance	Dental and vision expenses only
When can you use it?	The full annual amount you elect is available on your plan effective date.	The full annual amount you elect is available on your plan effective date.
How do you pay for expenses?	Debit card or reimbursement	Debit card or reimbursement
What is the last day to get care?	12/31/2026	12/31/2026
When is the reimbursement deadline?	3/31/2027	3/31/2027

*Refer to IRS Publication 502 and 503 for a complete list of eligible expenses.

FSA Rules to Keep in Mind

1. Use It or Lose It: Anything you don’t spend during the year will be forfeited, so plan ahead.
2. Rollover Exception: You call roll over up to $680 from your Healthcare FSA to the next year.
3. Change of Contribution: Mid-year changes are only allowed with a qualifying life event.
4. No Transfers Allowed: You cannot transfer funds from one FSA to another.