A simple and powerful FSA solution

HealthEquity makes FSAs simple, effective and easy-to-use. Our flexible plan options, innovative tools, and award-winning service team deliver an FSA that adds real value to an employer’s benefit package and encourages members to be more engaged with their health care spending.

HealthEquity FSAs deliver:

• Simple, customizable options
Plan types and features make FSAs easy for members to use

• Smart data integrations
Seamless connections with insurance providers make claims, payments and reimbursements quick and easy

• Powerful online tools
Our innovative web portals and mobile app* make our FSAs convenient to use and easy to oversee

• Award-winning service and support
Streamlined implementations and insightful support ensure easy administration for employers—and our account mentors are available around-the-clock to ensure members have all they need to maximize their FSAs

• Ongoing engagement and education
Educational tools and engagement resources help members better utilize their FSA

FSA Product Types

A variety of product options ensure employers find the FSA that best complements their benefit program

• Healthcare FSA
Traditional flexible spending account to pay for qualified medical, dental and vision expenses

• Dependent care FSA or DCRA
Allows members to set aside pre-tax** dollars to pay for eligible daycare, preschool, elder care or other dependent care expenses.

• Limited-purpose FSA (LPFSA)
Used in conjunction with a health savings account (HSA), an LPFSA allows members to set aside additional pre-tax dollars** for dental and/or vision expenses and still maximize HSA contributions

• Post-deductible FSA or PDFSA
Account that can be used to pay for eligible medical expenses once a specified minimum deductible has been met.

Customizable Features

Allow employers to customize FSAs to fit their employees’ needs

• Grace periods
Provide an extension to the plan year that allows members to continue using FSA funds

• Run out
Employers may choose to allow members to submit receipts up to 90 days after the plan year ends

• Rollover options
Employers may allow up to $500 of unused FSA funds to be carried over to the next plan year

*Accounts must be activated via the HealthEquity website in order to use the mobile app
**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-free with very few exceptions. Please consult a tax advisor regarding your state’s specific rules

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