Flexible Spending Accounts (FSA)

Home Financial Flexible Spending Accounts (FSA)

Health care and dependent care expenses make up a significant portion of many household budgets. By setting aside tax-free money in a Flexible Spending Account (FSA) administered by Health Equity, you can save money and lower your taxable income.

Health Care Flexible Spending Account (FSA)

Available to employees enrolled in the PPO Copay Plan with HRA, or who are not covered by any other HSA-eligible medical plan.

A Health Care FSA lets you set aside pre-tax money to pay for eligible medical, dental, and vision expenses.

Key Features

  • Maximum 2026 contribution: $3,400
  • Contributions are deducted from your paycheck before taxes
  • Funds can be used for copays, prescriptions, dental work, glasses, and more
  • Up to a limited amount of unused funds may roll over to the next year (subject to IRS limits)
  • You must enroll as a new hire, or each year during Open Enrollment — unless you have a qualified life event

Note: The Health Care FSA is not available to employees enrolled in PPO HDHP Plan with HSA.

Limited Purpose FSA (LPFSA)

For employees covered under an HSA-eligible medical plan.

The Limited Purpose FSA works alongside your HSA and helps you save even more by covering dental and vision expenses on a pre-tax basis.

Key Features

  • Maximum 2026 contribution: $3,400.
  • Only covers eligible dental and vision expenses (not medical).
  • Use LPFSA funds first and save your HSA funds for future use.
  • Limited rollover of unused funds is allowed (up to IRS limit).
  • You must enroll as a new hire, or each year during Open Enrollment — unless you have a qualified life event.

Dependent Care FSA (DCFSA)

Available to all benefit-eligible employees.

The Dependent Care FSA helps cover expenses related to care for your children or other qualifying dependents so you can work.

Key Features

  • Maximum 2026 contributions: $7,500 ($3,750 if married filing separately).
  • Use pre-tax dollars to pay for daycare, after-school programs, summer day camps, and adult day care.
  • Contributions are made through payroll deductions.
  • This account is “use it or lose it” — unused funds do not carry over.
  • You must enroll as a new hire, or each year during Open Enrollment, unless you have a qualified life event.