[ FLEXIBLE SPENDING ACCOUNTS ]
SAVE MOREWITH PRE-TAX DOLLARS
Flexible Spending Accounts (FSA) let you pay for qualified healthcare, dependent care and adoption expenses tax-free.
HOW DO THE FSAs WORK?
For each account you enroll in, you choose how much to contribute, up to IRS limits. The money you contribute is taken out of your paychecks pre-tax, which lowers your taxable income for the year.
For 2024, you can contribute to the following accounts. For 2025 IRS contribution limits, see What’s New.
Health Care FSA
Covers eligible medical, dental and vision expenses not paid by an insurance plan. This option is not available if you’re enrolled in the medical plan with the HSA per IRS rules.
You can contribute up to $3,050 in 2024.
Limited Purpose FSA
Covers eligible dental and vision care expenses only. This account is available only if you’re enrolled in the medical plan with the HSA, per IRS rules.
You can contribute up to $3,050 in 2024.
Dependent Care FSA
Covers eligible dependent daycare expenses so you and your legal spouse can work, find work or attend school full-time.
You can contribute up to $5,000 each year.
Adoption FSA
Covers eligible adoption expenses like court costs, attorney fees, and other expenses directly related to the legal adoption of a child.
You can contribute up to $5,000 each year.
How to pay for care and services
Debit card — You can pay for eligible expenses with a debit card at the point of service. Keep your receipts and Explanation of Benefits (EOB) statements mailed to you. The FSA administrator, HealthEquity, may ask you to see receipts and EOBs.
Questions? Call 866.346.5800 or visit learn.healthequity.com/worthington.
Key DATES
The IRS sets a “use it or lose it” rule for FSAs. If you miss the applicable claims filing deadlines, you’ll lose any remaining funds in your FSA.
For Plan Year 2024
- Expenses must be incurred between
Jan. 1, 2024 and Feb. 28, 2025 - You must file for reimbursement by
May 31, 2025
Manage your FSA claims and reimbursements with ease using the HealthEquity EZ Receipts mobile app, available in the App Store and Google Play.
PHONE | 877.840.6506
EMAIL | WPC@wthg.com
HOURS | M–F, 8 a.m. – 5 p.m. ET
Contacts
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