Flexible Spending Accounts (FSAs)

HOW TO CHECK YOUR FSA BALANCE

Check your FSA balance by logging into Health Equity.

Dependent Care and Medical Flexible Spending Accounts are administered by Health Equity.

FSAs provide you with an important tax advantage that can help you pay for expenses on a pre-tax basis. By anticipating your family’s costs for the next year, you can actually lower your taxable income. You may contribute to Flexible Spending Accounts (FSAs) to help with the cost of your eligible healthcare expenses. Contributions to your FSA are deducted from your pay prior to being taxed, which reduces your taxable income. You should contribute the amount of money you expect to spend on eligible expenses for the year.

You must enroll in your FSA every year to contribute. Your FSA plan options are shown below.

Contact Health Equity

1-866-346-5800 

www.healthequity.com 

Dependent Care FSA

  • Your eligibility for a Dependent Care Flexible Spending Account (FSA) is not dependent on your medical plan enrollment.
  • Allows employees to use pre-tax dollars toward qualified dependent care such as caring for children under age 13 or caring for elders.
  • The annual contribution maximum is $5,000 (or $2,500 if married and filing separately).
  • Funds are only available after they are deducted from your paycheck. Funds are not eligible for carryover.

Medical FSA

  • Allows employees who are not enrolled in an HDHP or contributing to an HSA to pay for certain IRS-approved medical care expenses with pre-tax dollars.
  • The annual maximum contribution of $3,400 ($6,800 if married and filing jointly) for 2025 can be used for eligible health care related expenses, including medical, dental and vision expenses.
  • There is a $660 carryover from 2025 into 2026, and a $680 carryover from 2026 into 2027.
    • Carryover funds will not be available to use until the run-out period has ended for the prior year's plan claim submission deadline of March 31.
    • Carryover funds will only be available for use through December 31 of the following year. If you enroll in an HSA, any remaining FSA balance will be forfeited, and carryover will not apply.
  • Services must be incurred between January 1 and December 31 of each respective year.
  • All claims must be submitted by March 31 of the following year.

Participants in both the medical and dependent care FSA will receive a debit card.

If you wish to participate in either the Medical FSA or the Dependent Care FSA, you MUST enroll via Workday.