The IRS does not allow carryover for the Dependent Day Care FSA.įor questions about your claims, eligible expenses, or your payment card, contact Optum at (833) 881-8158.įor general information, review the UW System Employee Benefits FSA web page. Our PDF download is an extensive list of common eligible items including items that will require a doctor’s prescription. Unused funds greater than $570 will be forfeited. Certain health insurance premiums are eligible to be paid out of an HSA. Generally, eligible expenses for Health related Flexible Spending Accounts are out-of-pocket medical, dental, and vision expenses. Up to $570 of unused funds in a Health Care FSA will carry over from 2022 to 2023 on/around April 15, 2023. Eligible FSA Expenses Find out what products and services are eligible for reimbursement under your FSA. Optum will contact you directly for additional information, if necessary. Find out which items are eligible for expensing from your Health Savings Account (HSA), Health Reimbursement Account (HRA), or Flexible Spending Account. Remember to include the required IRS supporting documentation with your submission. Health Care Expense Claim Form Flexible Spending Account Please Note: Effective, the IRS now allows personal protective items to prevent the spread of covid, such as, masks, sanitizer and wipes, as well as Over the Counter (OTC) medicines/drugs and feminine care products may now be purchased with Health Care FSA or certain HRA plans. the taxpayer’s total medical expenses exceed 7.5 percent of adjusted gross income. You save on every dollar your employees contribute. Employer savings A healthcare FSA decreases your total payroll costs, reducing the amount of taxes you pay. You can incur eligible expenses for your 2021 accounts until December 31, 2022. The most efficient way to submit your eligible expenses for reimbursement is electronically by using the Optum mobile app or website. You can help your employees manage their out-of-pocket healthcare expenses by offering the Humana Access ® healthcare flexible spending account (FSA). How to Submit Eligible Expenses for Reimbursement Expenses must be submitted and substantiated by March 31, 2023. ![]() ![]() To be reimbursed from your 2022 Health Care FSA, you must have incurredeligible expenses by December 31, 2022. Medical (post-deductible only if you are also in the HDHP and HSA) This notice provides increased flexibility for Health Care FSA and Dependent Care FSA participants to make midyear changes during the 2022 calendar year and extended the grace period in which you can incur eligible expenses for your 2021 accounts.Since these are spending accounts, the money should be spent. A Flexible Spending Account (FSA) allows you to be reimbursed for certain out-of-pocket expenses with tax-free dollars.
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