Enrolling in a Flexible Spending Account can help you to save and pay for eligible Health Care and Dependent Care expenses with pre-tax dollars.
Flexible Spending Accounts
Flexible Spending Accounts (FSA) - Optum Financial
| Question | Health Care FSA | Limited Purpose Health Care FSA | Dependent Care FSA |
|---|---|---|---|
| Who can participate? | Any employee that is not enrolled in the Saver's Choice HDHP | Employees that are enrolled in the Saver's Choice HDHP | All employees |
| How much can I contribute in 2025? | $3,300 | $3,300 | $5,000 ($2,500 if married and filing separate taxes) |
| When do I enroll? | Every year at Open Enrollment, when newly hired, or when you experience an eligible life event. | ||
| Unsubstantiated claims | Unsubstantiated claims in the current plan year may result in the FSA card being turned off. You will have until March 31st of the following Plan Year to substantiate year-end claims. | ||
- Flexible Spending Account enrollment does not automatically roll over from one year to the next. Annual re-enrollment is required.
- Eligible expenses must be incurred on or before March 15th of the following benefit plan year for which you are enrolled.
- You can enroll in an FSA and the Saver's Choice plan (HDHP) with an HSA at the same time. The Health Care FSA election will automatically be converted to a Limited Purpose FSA.
Don't Forget
The IRS traditionally imposes a “use it or lose it” rule. In other words, if you do not spend all the money in your FSA by the deadline, any unused dollars in your account(s) after the deadline would be forfeited.
Review the current plan year Benefits Guide for more information on Flexible Spending Accounts.
