Flexible Spending Accounts

WageWorks is the Flexible Spending Account (FSA) plan administrator. FSAs allow you to pay certain health and dependent care expenses using pre-tax dollars.

Health Care FSA
Dependent Care FSA
FSA Deadlines
FSA Payment Options
Additional Resources
Contact Wageworks

Health Care FSA

If you enroll in a health care flexible spending account you can use your WageWorks Visa debit card to pay for eligible health care expenses.

At the beginning of the plan year, you will have access to the full annual amount of your health care FSA. There is no need to wait until the account is paid to use the funds.

In 2019, you may contribute up to $2,700 to a health care FSA. Eligible health care expenses include medical, dental and vision copays, prescription drugs, and deductible expenses. Please remember that certain over-the-counter items now require a physician’s prescription in order to be submitted as an eligible expense. To view eligible expenses, click here.

The University’s FSA plan offers a grace period that runs between January 1st and March 15th of each year.  The grace period allows you to continue to incur expenses in the current year while using up any remaining balance from your prior year’s FSA. 

If you swipe your FSA card during this period, please remember that the card will pull any remaining balance from the prior year before using current year FSA funds.

If you submit paper claims, they will also pull any remaining balance from the prior year before using current year FSA funds.

If you’ve used up your prior year balance with grace period claims but still have prior year claims left to file, please contact HR-Benefits for assistance with reversing the grace period claims.  By doing this, you can be reimbursed for your prior year claims from your prior year funds and your grace period claims from your current year funds.

If you participate in both the Aetna HRA medical plan and a health care FSA, you will receive one WageWorks Visa card with both HRA and FSA funds on the card. HRA funds will be used for eligible medical and prescription expenses before flexible spending account funds are utilized.

To learn more about how a healthcare FSA can save you money, please click here

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Dependent Care FSA

Unlike Health Care FSAs, Dependent Care FSAs only allow you to receive reimbursement up to the actual amount in your account at the time the claim is filed. The WageWorks Visa debit card may not be used for Dependent Care expenses.

You may contribute up to $5,000 in a dependent care FSA (The maximum election for employees earning $115,000 or more is $2,500 per year). Click here to view a list of eligible dependent care expenses.

To learn more about how a dependent care FSA can save you money, please click here.

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2019 FSA Deadlines

Once you open an FSA account, the funds must be used within the plan deadlines. If the funds are not used, you will lose them. Please view important deadline information below

Start spending: January 1, 2019
Incur eligible expenses by: March 15, 2020
Submit claims by: June 15, 2020

2020 FSA Deadlines

Once you open an FSA account, the funds must be used within the plan deadlines. If the funds are not used, you will lose them. Please view important deadline information below

Start spending: January 1, 2020
Incur eligible expenses by: March 15, 2021
Submit claims by: June 15, 2021

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FSA Payment Options

WageWorks makes it as easy as possible to use your FSA. You can pay for eligible expenses in three ways:

  1. WageWorks Health Care Card: Use your prepaid (Visa) card at points of purchases such as physician offices and pharmacies (can only be used for the health care FSA).
  2. Pay My Provider: You can set up an automatic bill pay system that requires no receipts or claims forms.
    Click here to read more about the “Pay My Provider” option.
  3. Pay Me Back: Paper-based claims forms that provide rapid turnaround, real-time online visibility, and direct deposit options.
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Additional Resources

WageWorks Mobile
FSA Health Care Reimbursement Form
FSA Dependent Care Reimbursement Form
HRA Plan Overview (in conjunction with an FSA)

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Contact WageWorks

WageWorks
1-877-924-3967
www.wageworks.com

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