Flexible Spending Accounts
A flexible spending account (FSA) lets you set aside money to help pay for health and dependent care expenses. You don’t pay taxes on the money you contribute, which saves you money. You must sign up each year, including
- Health Care FSA — Use it for eligible health care expenses like medical, pharmacy, dental and vision services and supplies.
- Dependent Care FSA — Use it for eligible dependent care expenses like day care, elder care services and programs.
To view account activity, balances and to submit claim forms for either your Health Care or Dependent Care FSA, go to myuhc.com. A list of eligible Health Care FSA items can be found on Insider or fsastore.com.
Health Care FSA vs. Dependent Care FSA
Health Care FSA
- Use it for eligible health care expenses like medical, pharmacy, dental and vision services and supplies incurred by the following persons:
- You and your spouse.
- All dependents you claim on your tax return.
- Your child under age 27 at the end of the tax year.
- Any person you could have claimed as a dependent on your return except that:
- The person filed a joint return;
- The person had a gross income of $4,300 or more;
- Or, you or your spouse if filing jointly, could be claimed as a dependent on someone else’s tax return
Dependent Care FSA
Use it for eligible dependent care expenses like day care, elder care services and programs for your dependents under the age of thirteen or dependent adults who require dependent daycare services.
| 2023 Contribution limits* | ||
|---|---|---|
| FSA | Minimum | Maximum |
| Healthcare | $240 | $3,050 |
| Dependent Care | $240 | $5,000 |
2022 Contribution Limits subject to change by IRS Rules.
2023 Contribution Limits subject to change by IRS Rules.
In 2023, the maximum roll over amount will be 20% of the Healthcare FSA maximum contribution limit ($610) and no unused Dependent Care (Daycare) FSA amounts will roll over. You MUST actively enroll online to continue your Flexible Spending Account elections.