FSA Guide
Spend Smarter.
Save more on healthcare.
An FSA empowers you to keep more of your hard-earned money. Plan your spending, know the rules and unlock amazing tax savings.
What is a Flexible Spending Account?
FSAs are tax-advantaged accounts that let you use pre-tax dollars to pay for eligible medical expenses. You can use an FSA to save on average 30 percent 1 on healthcare costs. Don't think of it as money deducted from your paycheck—think of it as money added to your wallet.
Benefits built for mobile.
Faster access, stronger security, and more convenient than logging in online. FSAs use either HealthEquity Mobile or EZ Receipts Mobile—depending on your plan.
HealthEquity Mobile app
4.5 stars 2Tap into health savings.
Already enrolled? Set up your new account directly in the app—no need to register online.
EZ Receipts Mobile app
4.7 stars 3Bring your benefits with you.
Already enrolled? Please set up your account online before using the app.
Am I eligible for a Flexible Spending Account?
Eligibility requires an FSA offered through your employer. In most cases, you cannot combine an HSA with an FSA. However, Limited Purpose FSAs make a great HSA companion.
Choosing between different FSA optionsHow do I sign up?
You can enroll in a health plan and sign up for an FSA during your organization's annual enrollment period.
Considering FSA? 8 things you need to knowPlan your spending
It pays to be strategic.
Think beyond the doctor's office
Because of the tax savings on contributions, you can save an average of 30 percent 1 on qualified medical expenses, including but not limited to:
- Acne Medicine
- Ambulance
- Contact LensesRx
- Dental Cleanings
- Disposable Face Masks
- EyeglassesRx
- Eye Surgery
- Hearing Aids
- Motorized Wheelchair
- PrescriptionsRx
- X-Rays
- Allergy Medicines
- Braces
- Crutches
- Denturist
- Doctor Fees
- Eye Exams
- Flu Shot
- Ibuprofen
- Orthodontia
- Sanitizing Wipes
Ready to shop? Visit the FSA Store
You can purchase FSA-eligible items online directly through the FSA store. Browse prescriptions, hearing aids, contact lenses and more.
Browse the FSA Store nowYour savings can add up fast
Here's an example based on $2,500 annual spending and a 30 percent effective tax rate.
Medical expenses
$1,500
Vision expenses
$500
Dental expenses
$500
Annual tax savings1
$750
FSA Savings Calculator
Discover the full power of your FSA. Just input your planned spending and watch the savings add up.
Calculate my FSA tax savingsMake your elections
Once you choose an annual contribution, your employer will deduct that amount pre-tax in equal parts from each paycheck.
FSA Annual Contribution Limit
| Tax year | Individual and family limit |
|---|---|
| 2025 | $3,300 |
| 2026 | $3,400 |
Get your money right away
Let's say you plan to contribute the IRS maximum to your FSA. You'll have access to the entire amount on the first day of the plan year. Take advantage. Spend now, contribute later.
Buy FSA eligible products at the FSA store
Know the rules
Don't get caught by surprise. Carefully review your open enrollment materials.
Timing matters
You only have one year to spend your FSA money. Unused funds are forfeited to your employer—usually at the end of the plan year. Some organizations, however, offer options that can make it easier to manage your FSA. 4
5 tricks to maximize your FSAFSA Carryover 5
Carryover up to $660 of unused funds into the next plan year.
FSA Grace Period
Enjoy an extra 2 ½ months at the end of the plan year to spend FSA money.
Limited election period
Elections can only be made during open enrollment unless you have a qualifying life event, 6 which may include changes to:
Employment status (Including medical leave)
Marital status
Number of dependents
No double-dipping
You can't get reimbursed twice for the same expense (example: reimbursement + deduction from tax returns).
We make it easy to get reimbursed:
We make it easy to get reimbursed:
- Online bill pay
- Direct reimbursement into your checking account
- HealthEquity FSA Debit Card (not available with all plan types)
Want more?
Check out these additional resources.
Articles
FSA webinar
Find out everything you need to know about FSAs, like seeing if you are FSA eligible. Take a deep dive and get tips and tricks to make the most of your account.
Webinar
FSA: A flexible way to save
Explore other FSA types
1The example used is for illustrative purposes only; actual savings may vary. The figure is based on average tax rates, including state, federal and FICA taxes.
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4Plans vary by employer. Please review your plan documents carefully or consult your employer for information about your company's benefits.
5Depending on your employer's plan, you may carry over up to 20 percent of that plan year's maximum health FSA salary reduction contribution ($640 for plan years beginning in 2024).
6Please refer to your plan documents for more information.
HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.
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