Health Care Spending Account (FSA)

Flexible Spending Accounts (FSAs) allow you to save money by using pre-tax dollars for qualified healthcare expenses.

Key Features of the Health Care Spending Account

Tax Advantage

FSAs allow you to save money by using pre-tax dollars for qualified healthcare expenses.

Use-It-Or-Lose-It

It’s essential to plan your expenses carefully to maximize the benefits of your Health Care Spending Account (FSA) while ensuring you don’t forfeit any unused funds. Here’s how it works:

• Unused contributions have a 2.5-month grace period after the plan year ends (December 31) to incur expenses
• You have until March 15 of the following year to use the remaining funds
• Claims for expenses incurred during the plan year and the grace period can be submitted until March 31

Eligible Medical Expenses

Using your FSA card for eligible medical expenses means little or no claim forms to complete, making the process hassle-free and convenient.

Health Care Flexible Spending Accounts can save you money on:

• Co-pays, deductibles, or coinsurance for medical, dental, or vision plans
• Prescriptions
• Glasses or contacts, or laser eye surgery
• Orthodontia treatments, like braces

How an FSA Saves You Money

Your Health Care Flexible Spending Account (FSA) is designed to help you save money on eligible healthcare expenses.

Pre-Tax Contributions

By contributing to your FSA directly from your paycheck, you’re using pre-tax dollars, which means you’re lowering your taxable income and saving money on taxes.

Annual Limits

You can contribute up to a maximum of $3,300 per plan year, with a minimum of $200, to cover eligible healthcare expenses.

Enrollment Process

• Each year you are required to make a new election for the following year.
• Annual Enrollment: You must re-enroll each year for the current plan year by completing online enrollment. You decide how much of your salary to set aside on a pre-tax basis for eligible expenses (medical, dental, eyeglasses, etc.).
• Effective Period: Your election is effective for one calendar year (January – December).

Accessing Your OPTUM Account

Visit Optum Financial to register your account. Set up your HealthSafe ID® username and password for extra security using two-factor authentication.

For help with your online OPTUM account or to request new/additional cards, call 888.339.3685 any time.

Additional Resources