Flexible Spending Accounts

The Flexible Spending Accounts (FSAs) allow you to pay for eligible health care and dependent care expenses using tax-free dollars. There are four types of FSAs —the Health Care FSA, the Limited Health Care FSA, the Dependent Care FSA, and the Commuter FSA.


Health Care FSA


Used to pay for services not covered by your medical, dental or vision plan such as copays, coinsurance, deductibles, prescription expenses, lab exams and tests, contact lenses and eyeglasses. For a complete list of eligible expenses, visit HERE.

 

IRS regulations do not allow you to use it to  pay for health insurance premiums and cosmetic treatments. Services must be intended to treat/prevent a specific

medical condition.


You can contribute up to a maximum of $3,400 in 2026 with a $680 carryover provision from one year to the next.

Summary >>


Limited Health Care FSA


Used only if you are enrolled in the HDHP with medical plan; it works the same way as the standard Health Care FSA; however, you may only use it to pay for eligible vision and dental expenses. 

Summary >>


Dependent Care FSA


Used to pay for day care expenses associated with caring for elder or child dependents that are necessary for you or your spouse to work or attend school full-time. You cannot use your Health Care FSA to pay for Dependent Care expenses. 


Unlike the HCFSA, with the DCFSA, you may only be reimbursed for up to the amount you have accrued in you DCFSA account.


For a complete list of eligible expenses, visit HERE.


Your household may contribute up to $7,500 per plan year from which to pay eligible expenses.

Summary >>


Transit and Commuter Account


Used to pay for transit expenses. Funds can be used on transit costs for using public transportation via train, subway, bus, and/or ferry.


Learn more about commuter benefits HERE.


You can contribute up to a maximum of $340 per month in 2026.

Summary >>

FSAs are administered through Health Equity / Wageworks.

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How it Works


First, you contribute to the account(s) with pretax dollars deducted from your pay check.


Then, you pay for certain eligible expenses out of your pocket as usual.  You may use your debit card or submit a claim (along with the appropriate documentation) to be reimbursed for those expenses from the dollars in your account.

How You Manage It


Manage your account via a secure website on any computer or mobile device that's connected to the internet or via the EZ Receipts mobile app.


Visit www.healthequity.com/wageworks


Important Reminders


The Health Care FSA and the Limited Purpose Health Care FSA has a rollover provision, allowing you to rollover $610 unused funds to the following year.


The Dependent Care FSA has a “use it or lose it” rule imposed by the IRS. In other words, if you do not spend all the money by the deadline, any unused dollars in this account after the deadline will be forfeited.