Healthcare Flexible Spending Account
Healthcare Flexible Spending Accounts allow employees to pay for eligible healthcare expenses with pretax dollars, thus reducing their overall tax burden. Visit the Healthcare FSA Calculator to calculate your savings. Eligible expenses include:
- Health care, including acupuncture, chiropractic treatments, laser eye surgery, orthotics, prescription drugs and many over-the-counter medications
- Dental care, including orthodontia
- Vision care, including contacts, glasses and laser eye surgery
LIST OF ELIGIBLE HEALTHCARE EXPENSES
Using Funds
- Funds can be used for out-of-pocket expenses for medical, dental and vision, such as prescriptions, deductibles, and glasses (includes spouse and dependent children).
- Cannot use with HSA-eligible health plan.
- Debit card is provided for point-of-sale transactions. Itemized receipts required for claim verification.
- Full amount of election is available on effective date.
- 2024 Grace Period - plan year ends December 31st; however participants have until March 15, 2025 to incur expenses for any unused 2024 funds.
- 2025 Carryover- plan year ends December 31st. Up to $660 of any unused funds may be carried over into plan year 2026 for expenses incurred in 2026.
Contribution Limit
- 2024 Annual Limit: $3,200
- 2025 Annual Limit: $3,300
- Individual maximum: Employee and spouse may each contribute up to max (employer allowed) per calendar year
Debit Card
The physical card itself is issued for a 3 to 5 year period. They just "reload" it each year you make an election. If you can't find your card or don't have it anymore. You can call member services to get a new one. 877-924-3967 or order through your online account.
Your HealthEquity® Visa® Debit Card is a great way to pay for healthcare expenses – no PIN required! If you’re prompted for a PIN when using your card at your favorite stores, here are some quick tips to get through the checkout line and back on the road to wellness.
- When paying with your HealthEquity Visa card, select “credit” if that option is available
- If you’re asked to enter a PIN, simply select “credit” to bypass the PIN request and run the card as usual.
- If the first two steps don’t result in a successful transaction, let the cashier know that your card does not have a PIN, and they should be able to help.
Healthcare FSA Receipts
Simply save your receipt, then upload a copy and submit for reimbursement later. Note that FSA claims always require the same 5 items (but not all receipts list them).
For the fastest reimbursement, make sure your documentation contains the following:
- Patient Name
- Provider Name
- Date of Service
- Type of Service
- Cost
Whether you use a debit card or upload a receipt, either option makes it super easy to use and spend your healthcare Flexible Spending Account.
You can also use the EZ Receipts app for your phone to snap pictures of your receipts.
Healthcare claim reimbursement form- Open Enrollment
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More Information
Nadynne Stamps
Benefits Specialist
stamps@brandeis.edu