Set aside pre-tax money for health and dependent care costs.
FSAs let you set aside pre-tax money from your paycheck to pay for eligible health or dependent care expenses.
Each year, you choose how much to contribute to one or both FSAs. Your contributions are taken from your paycheck before taxes, which can help reduce your taxable income.
The Health Care FSA helps you pay for eligible health care expenses for you and eligible family members using pre-tax money.
Contribute up to $3,400 in 2026 (projected to be $3,500 in 2027) to help pay for expenses such as copays, prescription medications, lab tests, and more. When you have an eligible expense, use your HealthEquity debit card or submit a claim for reimbursement.
If you re-enroll, you may rollover up to $680 (projected to be $690 in 2027) to the next plan year. You must receive care or services by December 31 of the plan year to be eligible for reimbursement. All receipts must be submitted by March 31 for reimbursement.
Note: If you are enrolled in the HDHP, you are not eligible to participate in the Health Care FSA.
Use your Health Care FSA for many eligible health care expenses for you and your eligible family members, including:
For a complete list of eligible expenses, visit HealthEquity for more information.
The Limited Purpose FSA helps you pay for eligible dental and vision expenses using pre-tax money. It works with a Health Savings Account and is available only if you’re enrolled in the HDHP medical plan. Contribute up to $3,400 (projected to be $3,500 in 2027) to help pay for eligible dental and vision expenses.
If you re-enroll, you may rollover up to $680 (projected to be $690 in 2027) to the next plan year. You must receive care or services by December 31 of the plan year to be eligible for reimbursement. All receipts must be submitted by March 31 for reimbursement.
If you’re enrolled in the HDHP and have an HSA, you can use your Limited Purpose FSA for eligible dental and vision expenses, including:
Remember: A Limited Purpose FSA generally cannot be used for medical expenses because it is designed to work alongside your HSA.
The Dependent Care FSA lets you use pre-tax money, up to $5,000 a year ($7,500 in 2027), to pay eligible daycare expenses for children 12 and under, or older dependents who are unable to care for themselves. Care can be provided through live-in care, babysitters, licensed daycare centers, or summer camps.
Unused funds do not roll over. You must receive care or services by December 31 of the plan year to be eligible for reimbursement. All receipts must be submitted by March 31 for reimbursement.
Use your Dependent Care FSA for eligible care that allows you—and your spouse, if applicable—to work or look for work. Examples include:
Keep in mind: A Dependent Care FSA is for caregiving expenses, not your dependent’s health care expenses. Overnight camps, tutoring, and education expenses generally aren’t eligible.
For detailed plan descriptions, rules, or a complete list of eligible expenses, refer to IRS Publication 502: Medical and Dental Expenses or IRS Publication 503: Dependent Care Expenses.
HealthEquity
Short explainers on how an FSA works and how it compares with an HSA are in the Video Library.