The Flexible Spending Account (FSA) through Optum is available to those who are enrolled in Medicare or other health insurance and are not eligible for the HSA. The FSA allows staff to use pre-tax dollars to pay for eligible benefits, like out-of-pocket dental, vision, and health expenses.
Questions? Check out the FSA FAQ page
What can I spend my HSA funds on?
See the FSA Eligible Expense List
Once you are enrolled in the FSA through your benefit elections in Workday, Optum will send you a registration email with instructions on how to open and manage your account online. The full FSA amount you elected for the calendar year will be available once you activate your Optum account (after the first of the new year or the first of the month following your date of hire). Optum will send you a debit card after you open your account or you can submit claims online for reimbursement instead (you will need to scan and upload your receipt, bill, and Explanation of Benefits (EOB) if applicable). Please contact Optum directly for assistance with your account.
$2,700 Maximum Election
The IRS allows you to carry over $500 of your previous year’s election into the next year, without reducing the amount you can elect in that next year. You will lose any unspent amount above $500 at the end of the year.