Health care flexible spending account (FSA)

What you need to know

Want a less taxing way to pay for health care? The health care flexible spending account (FSA) lets you set aside money—tax-free—to pay for your health care expenses. Contributing is easy, and reimbursements are quick and convenient.

Who’s eligible

There are two types of health care FSAs—the general purpose health care FSA and the limited purpose health care FSA.

You can participate in the general purpose health care FSA as long as you’re not enrolled in a Health Savings Account (HSA). You can be reimbursed for medical, dental, and vision expenses.

You can participate in the limited purpose health care FSA if you’re enrolled in an HSA but want to use a flexible spending account for your dental and vision expenses. You can’t use it for medical expenses unless you meet your medical deductible.

 

Did you know?

You can use your limited purpose health care FSA for medical expenses after you meet your UHC Choice Plus High Deductible plan deductible.

Contact HealthEquity WageWorks

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How it works

Enrolling and making changes

Typically, you can only enroll in or make changes to the health care FSA during open enrollment or if you have a qualifying life event. But due to the Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, you can make changes to your current FSA enrollments, enroll in an FSA, or stop your enrollment at any time. All enrollment changes are prospective and can be made in Workday. If you have already submitted for reimbursement this calendar year, you may not adjust your contribution amount to be lower than what you have already been reimbursed for.

Make convenient paycheck contributions. Use the money to pay for eligible health care expenses during the calendar year. You have access to the full amount of your annual election on January 1.

Contribute up to $2,850 in 2022. You don’t pay federal or state income taxes on FSA contributions.

Pay for expenses with a simple swipe. Once you enroll, you’ll receive your WageWorks Healthcare FSA Card in the mail. If you pay for an eligible expense other than with your WageWorks Healthcare Card, you can submit your claim on the HealthEquity WageWorks site.

Submit claims by the deadline. The deadline to submit for reimbursement of 2021 expenses is March 31, 2022.

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View your current FSA elections and make changes in Workday.

Log in to Workday

Eligible expenses

The IRS determines which expenses are eligible for reimbursement under the general purpose health care FSA. Here are just a few expenses you can use your FSA for:

  • Doctor and hospital visits (copays and coinsurance)
  • Prescription drugs
  • Over-the-counter medications, without a prescription
  • Acupuncture
  • Hearing aids and batteries
  • Fertility treatment
  • Insulin
  • Lab fees
  • Vision exams
  • Eyeglasses, contact lenses, and contact lens solution
  • Dental treatments
  • Feminine care products

View the full list of FSA-eligible expenses.

Under the limited purpose health care FSA, the only expenses that are eligible for reimbursement are dental and vision expenses.

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Save your receipts

When you use your health care FSA to pay for an eligible expense, make sure you keep the receipt. You may need to prove that the money was used for an eligible expense.