Healthcare Flexible Spending Account (HC-FSA)
HSA Bank
A Healthcare Flexible Spending Account (HC-FSA) administered by HSA Bank that allows team members to set aside pre-tax dollars to pay for IRS-qualified healthcare expenses including plan deductibles, co-pays, coinsurance, prescriptions, and dental and vision expenses, with a 2027 annual contribution limit of $3,400.
FSAs, administered by HSA Bank, offer a smart way to stretch your dollars by setting aside pre-tax money to pay for eligible healthcare. Each year, you must elect the annual amount you want to contribute to each account. Your contributions will be deducted pre-tax from your paycheck which helps reduce your taxable income. Keep in mind that you cannot change your election during the year unless you experience a qualifying life event.
Note: FSA funds must be claimed within 90 days for spending accounts that are closed.
Healthcare FSA Plan Details
| Feature | Healthcare FSA |
|---|---|
| Annual Contribution Limit | $3,400 |
|
Eligible Expenses Refer to IRS Publication 502 for a complete list of eligible expenses |
Healthcare plan deductibles, co-pays, coinsurance, prescriptions, and dental and vision hardware and expenses |
| Availability of Funds | The full annual amount you elect is available on your plan effective date |
| Payment or Reimbursement Options | HSA Bank debit card or reimbursement |
| Rollover Options | If you have a balance of unused funds in your FSA from 2026, you may roll over up to $500 when you re-enroll for the 2027 plan year |
| Services Deadline | 12/31/2027 |
| Submission Deadline for Reimbursement | 3/31/2028 |
- ✓See a full list of eligible expenses on the HSA Bank Eligible Expense page
- ✓Estimate your tax savings with the FSA Calculator
- ✓See products that are eligible to buy with your FSA at fsastore.com or on Amazon
- ✓Watch the FSA video to learn more about FSAs
HSA Bank
1-844-650-8947
hsabank.com