Spending Accounts

HealthEquity

HealthEquity – login to review your accounts and submit claims.

About Health Spending and Dependent Care Accounts

  • Maximum Annual Elections: (effective 1/1/19)
    • Healthcare FSA = $2,700
    • Dependent Care FSA =$5,000
    • Health Saving Account = $3,500 Individual, $7,000 Family ($1,000 catch-up if 55+ years old)
  • Annual Carryover: Healthcare FSA programs participants can roll over up to $500 of unused funds at the end of the plan year (claims must be submitted by 3/30).
  • Over-The-Counter medications are not eligible for reimbursement through a Healthcare FSA without a prescription.
  • HRA (health reimbursement account) – eliminated as of 1/1/19.

Automatic and Optional Enrollments

Terms & Regulations

  • FSA – flexible spending account (employee contributions only)
    • Healthcare FSA – flexible spending account for medical expenses (formerly know as medical expense reimbursement account)
    • Limited Use FSA –  flexible spending account for vision and dental expenses, used in conjunction with a health savings account (HSA)
    • Dependent Care FSA – flexible spending account for work-related dependent care expenses
  • HSA – health savings account (employee and employer contributions)
  • Qualified Medical Expenses – as designated by the IRS, these include medical, dental, vision and prescription expenses.