Spending Accounts FAQ

Health spending accounts help you save additional money to pay for out-of-pocket, qualified health, or medical expenses.

Qualified medical expenses include services and products that can be taken out of your paycheck taxes. Some examples of qualified medical expenses include:

  • Dental and vision services
  • Health screenings
  • Lab tests and imaging services
  • Medical care, including doctor visits
  • Prescriptions

With a health savings accounts (HSA), you can set aside an amount of money that’s deducted tax-free from your paycheck. You can use an HSA debit card to pay for out-of-pocket health expenses. If you change jobs, choose a different health plan, or retire, it’s your money so it goes with you.

You can activate your spending account debit card by calling the number on the sticker on the front of the card or by visiting your spending account dashboard.

Health Reimbursement Accounts (HRA) work similarly to HSAs but are entirely funded by your employer. Use the money in your HRA to pay for out-of-pocket costs, including:

  • Medical deductibles, copays, and coinsurance
  • Qualified medical expenses, such as prescriptions and dental and vision care.

A Flexible Spending Account (FSA) can be used to pay for health care expenses for both you and your dependents, even if your dependents aren’t covered by the same health plan. Money contributed to FSAs needs to be used in your current plan year as these funds do not carry over year to year.

If you’re already enrolled in a Health Savings Account (HSA), you may also be eligible to enroll in a Limited Purpose Flexible Spending Account (LPFSA). LPFSAs can be used to help pay for dental and vision services, including dental implants and some eye surgeries.

A dependent care flexible spending account (DCFSA) can be used to care for family members and dependent children under the age of 13 who live in the same household. They can be used to pay for things like:

  • Licensed daycare, preschool, and nursery school
  • After school care
  • Summer day camps
  • Daily care for older adults