Flexible
Spending Accounts (FSA)
HealthEquity administers Lumexa Imaging’s Flexible Spending Accounts for eligible healthcare and dependent care expenses.
Flexible spending accounts (FSAs) allow you to use tax-free dollars to pay for eligible health and dependent care expenses, which reduces your taxable income and the amount of taxes withheld from your paycheck.
You can choose to enroll in two FSAs administered by HealthEquity:
- Healthcare FSA for medical, dental and vision expenses. You can elect a Healthcare FSA even if you waive other coverage, but you cannot be enrolled in both a Healthcare FSA and an HSA.
- Dependent Care FSA for dependent care expenses while you’re at work or school.
Important
If you’re enrolled in the HDHP plan, you’re not eligible for the Healthcare FSA. Instead, you can contribute pre-tax to a Health Savings Account (HSA).
Important things to know about FSAs
- Expenses must occur during the 2027 plan year.
- Funds cannot be transferred between FSAs.
- You are not permitted to claim the same expenses on both your federal income taxes and Dependent Care FSA.
- You must “use it or lose it” — any unused funds at the plan’s end will be forfeited. There is no grace period.
- You cannot change your FSA election in the middle of the plan year without a qualifying life event.
- Terminated employees have 30 days following termination to submit FSA claims for reimbursement.
Compare your FSA options
| Healthcare FSA | Dependent Care FSA | |
|---|---|---|
| Annual contribution limit | $3,400 | $7,500 ($3,600 if you earn more than $160,000) |
| Who can enroll | All employees, including those who waive other coverage, except employees enrolled in the HDHP with an HSA | All employees, regardless of medical plan |
| Examples of eligible expenses | Deductibles, copays, coinsurance, menstrual products and over-the-counter medications | Child or elder care, such as day care, after school care and summer camps |
| Debit card | Yes | No — submit claims for reimbursement |
Healthcare FSA
You can contribute up to $3,400 annually to pay for qualified medical expenses, such as deductibles, copays, coinsurance, menstrual products, and over-the-counter medications.
View a complete list of eligible healthcare expenses.
Dependent Care FSA
You can contribute up to $7,500 annually to pay for child or elder care expenses, such as day care, after school care, and summer camps. Per IRS guidelines, if you earn more than $160,000 a year, you can contribute up to $3,600.
- Eligible dependents include children under 13 and a spouse or other individual who is physically or mentally incapable of self-care and has the same principal place of residence as the employee for more than half the year.
- You must provide the tax identification number or Social Security number of the party providing care to be reimbursed.
View a complete list of eligible dependent care expenses.
Note about domestic partners: Due to federal regulations, expenses for your domestic partner and your domestic partner’s children may not be reimbursed under the FSA programs. Check with your tax advisor to determine if any exceptions apply.
How to use your FSA
No matter how you choose to use your FSA, remember to always save your receipts.
- Pay directly for health expenses. When you enroll in a Healthcare FSA, you’ll receive a debit card that can be used for covered, eligible services at doctor and dentist offices, pharmacies, and vision service providers. There is no debit card for the Dependent Care FSA.
- Submit for reimbursement. Submit a claim form along with the required documentation. Contact HealthEquity with reimbursement questions. If you need to submit a receipt, HealthEquity will notify you.
Your Contacts
Flexible Spending Accounts
877-713-7682