Spending Accounts 2024

Healthcare Spending Accounts help you save pre-tax dollars to pay for medical, dental, and vision out of pocket expenses. Another advantage of having a flexible spending account is that it can be used for yourself, your spouse, or any other eligible dependents, even if they are not covered by your health plan. There are three healthcare spending accounts that are designated tax-free through the Internal Revenue Service (IRS) for qualified health plans:

Flexible Spending Account (FSA)
Dependent Care Flexible Spending Account (DCFSA)
Health Savings Account (HSA)

You cannot be enrolled in both the FSA and HSA (HSA must be paired with a High Deductible Health Plan HSA1500), so it is important to evaluate the plans and decide which is best for you.

If you need a replacement card for FSA and DCFSA, please contact Flexible Benefit Administrators: 757-340-4567.

If you need a replacement card for HSA, please contact Health Equity: 866-346-5800.

HSA Information

List of Qualified Medical Expenses - This tool breaks down qualifying and non-qualifying expenses to help you discover the many uses for your HSA.
HSA Payroll Deduction Form
HSA Reimbursement Form
HSA vs. FSA - This comparison shows a side by side comparison including account overview, contribution information and more.
HSA Limits and Guidelines - This guide outlines deductible amounts, maximum out-of-pocket limits, contribution limits, and more.

Medicare Eligibility and Your HSA

You cannot be covered by any other health plan that is not a qualified plan including spouse's insurance)
You cannot be enrolled in any part of Medicare or Tricare
You cannot have accessed VA medical plan benefits in the past 90 days
You cannot be claimed as a dependent on another person's tax return

As you approach Medicare eligibility at age 65, be aware of some important rules regarding Medicare and your health savings account (HSA). Learn more.

Spending Accounts 2024

Healthcare Flexible Spending Account (FSA) is administered by Flexible Benefit Administrators.

Dependent Care Flexible Spending Account (DCFSA) is administered by Flexible Benefit Administrators.

The Health Savings Accounts (HSA) is administered by Health Equity.