FSA
Flexible Spending Account A healthcare FSA lets you use tax-free money to pay for eligible medical expenses. 1 FSAs help members realize significant savings on healthcare costs. Don’t think of it as money deducted from your paycheck—think of it as money added to your wallet.
Access annual contribution amount on day one
Fast, hassle-free payments and reimbursement
Pay for your spouse and dependents too
Common eligible medical expenses:
$ 640 IRS Contribution Limit 3 $ 3,200 Annual tax saving potential 2
• Pain relievers • Doctor visits • Dental cleaning • Sleep aids
• Eyeglasses/contacts • Cold/cough medicine • Chiropractic care • Insulin testing supplies
HealthEquity.com/ Learn/FSA See how much you can save
1 FSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize FSA funds as tax deductible with very few exceptions. Please consult a tax advisor regarding your state’s specific rules. | 2 The example is for illustrative purposes only. Estimated savings are based on a maximum annual contribution and an assumed combined federal and state income tax bracket of 20%. Actual savings will depend on your contribution amount and taxable income and tax status. | 3 Contribution limit is accurate as of 11/09/23. Each fall the IRS updates the FSA contribution limits. For the latest information, please visit: HealthEquity.com/Learn | HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions. Copyright © 2023 HealthEquity, Inc. All rights reserved. OE_FSA_1-pager_November 2023
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