Things to remember:

• If you have not actively elected a Healthcare FSA contribution for two years, your Healthcare FSA will terminate and you will lose any carryover balance.

• Funds from a HealthEquity Healthcare FSA will be used before funds from an HRA.

• Do not use your VISA debit card this year to pay for last year’s expenses.

  Reasons to Select a Healthcare FSA

• Contribute up to a maximum of $2,850 per year before taxes. The minimum you can contribute is $120 per year.

• Carry over a minimum of $50 and a maximum of $570 from one calendar year to the next — there’s low risk in losing your hard-earned money; carryover funds do not count toward the annual contribution maximum of $2,850.

• You have a 90-day run-out period until March 31, 2024 for reimbursement of eligible FSA expenses that occurred between January 1, 2023, and December 31, 2023. Any of your funds that are in excess of $570 that are not used before the run-out period will be forfeited.

• Use your FSA to pay for eligible medical expenses for family members who are considered a tax dependent, even if they are not enrolled in your health plan.

Covered Expenses

• Medical and prescription co-payments

• Medical and prescription expenses, including over-the-counter (OTC) medications and feminine products, and certain protective equipment, such as face masks and hand sanitizer.

• Certain dental fees

• Orthodontic treatment

• Vision fees, including eyeglasses

• Co-insurance

• Wheelchairs, crutches, and walkers.

For a full list of covered expenses, go to healthequity.com.

CHILD AND ADULT DAYCARE FSA

If you need a child or adult day care to care for your loved ones while you work, then a Child and Adult Daycare FSA may be right for you. You know how expensive that care can be. But, with a Child and Adult Daycare FSA, you can save money on eligible child care and adult daycare expenses using pre-tax dollars.

With a Child and Adult Daycare FSA, you elect an amount to be deducted pre-tax from your paycheck to use to pay eligible expenses below:

• Child or adult care (during work hours only);

• Preschool;

• Summer day camp;

• Before and after-school care; and

• Elder daycare expenses for dependent adults.

Just elect to enroll, then choose the amount you wish to contribute to this account. The minimum amount you can contribute is $120 per year, up to the maximum amount per year, per federal law, that is based on your tax-filing status:

• Married, filing a joint return $5,000;

• Head-of-household $5,000; and

• Married, filing separate returns $2,500.

You can arrange for convenient direct payments to your provider using the Pay-My-Provider option on the EZ Receipts app, or you can pay child and adult daycare expenses yourself and request reimbursement.