Effective Jan. 1, 2023, HealthEquity provides administrative services and claim processing for eligible 2023 health care and dependent care expenses.
Please note that HealthEquity has their own approved eligible expenses list. Items that may have been covered under the University Benefits FSA administration, may not be eligible with HealthEquity or you may need to provide additional documentation such as a Letter of Medical Necessity (LMN).
If you have remaining 2022 FSA funds, continue to submit your claims through Employee Self Service under the link labeled "Health & Dependent Care FSA for 2022 and prior". The deadline to submit these claims to University Benefits is April 30, 2023.
Health Care FSA
A health care flexible spending account may be used to pay for any expenses connected with health/dental care for you, your spouse, or any eligible dependent as defined by the IRS. This program cannot reimburse expenses for a domestic partner who is not a qualified tax dependent. Expenses for children may continue to be submitted through Dec. 31 of the year they turn 26.
Examples of eligible expenses may include health plan deductibles, copayments, coinsurance, eye exams, and more.
Dependent Care FSA
The dependent care flexible spending account allows for tax-free reimbursement of eligible care of a qualified individual. Expenses claimed must be for care required so that an eligible employee (and spouse, if applicable) can work, look for work, or attend school on a full-time basis.
Qualified individuals include dependent child(ren) under the age of 13 claimed on your federal tax return, a spouse, or other tax dependents who is physically or mentally incapable of self-care.
An eligible employee may deposit up to a max of $5,000 annually, pre-tax in equal parts from each paycheck. Funds are made available only as money is added to the account.