The Healthcare Flexible Spending (FSA) program permits employees to use pre-tax dollars to pay for up to $3,050 in 2023 in out-of-pocket medical, dental, vision and hearing care not covered by insurance. Employees enrolled in the HDHP medical plan may only open a limited purpose Healthcare FSA, meaning they may only use Healthcare FSA elections for dental and vision expenses.
Through the Dependent Care FSA program, employees may also use pre-tax dollars to pay for up to $5,000 in dependent (child and elder) daycare expenses.
Employees may enroll in either or both program on the first day of the month after hire and again during the annual Open Enrollment period. Employees may enroll in Health- and/or Dependent Care FSA even if they waive medical benefits through the university. Employees must reenroll during Open Enrollment each year they wish to participate.
Policy Manual section
- (Limited Purpose for HDHP medical plan participants)
Wageworks/Health Equity Contact Information:
- Wageworks/Health Equity website: www.wageworks.com
- Phone: 877-Wageworks (877-924-3967)