Flexible Spending Accounts (FSA)
Flexible Spending Accounts (FSAs), administered by HealthEquity, allow you to set aside pre-tax dollars to pay for eligible health and dependent care expenses. As an eligible employee, you may choose to enroll in one or both Flexible Spending Accounts. 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 can help reduce your taxable income.
Health Care FSA
IRS Annual Maximum: $3,300
Your Health Care FSA (HCFSA) will reimburse you for eligible expenses that you, your spouse, and your children incur during the plan year. The entire annual amount you elect can be used at any time during the plan year even though your contributions are deducted each paycheck. When you incur an eligible expense, you can use your HealthEquity debit card or pay out-of-pocket and submit a reimbursement request with documentation.
Eligible expenses include copays, coinsurance, deductibles, orthodontia, glasses/contact lenses, and much more. For a complete list, refer to IRS Publication 502: Medical and Dental Expenses, available at www.irs.gov/publications
Note: if you are enrolled in the UnitedHealthcare (UHC) High Deductible Health Plan (HDHP) with HSA, you are not eligible to participate in the Health Care FSA. If you are currently enrolled in a Health Care FSA and switch to a HDHP mid-year due to a life event or during annual open enrollment, any unused Health Care FSA funds that are eligible to rollover to the next plan year will rollover into a Limited Purpose FSA.
Limited Purpose FSA
IRS Annual Maximum: $3,300
UHC HDHP with HSA participants are eligible to participate in the Limited Purpose FSA to set aside pre-tax dollars for eligible dental and vision expenses. The Limited Purpose FSA also allows for reimbursement of medical expenses subject to meeting the UHC HDHP/HSA plan's annual deductible.
Dependent Care FSA
IRS Annual Maximum: $5,000
Your Dependent Care FSA (DCFSA) lets you use “pre-tax” dollars to pay daycare expenses for children living with you who are 12 years old or younger. A dependent child age 13 or older may be eligible if they cannot physically or mentally care for themselves and require care while you are working. The care must be necessary for you and your spouse to remain employed. Care may be provided through live-in care, babysitters, or licensed daycare centers. Unlike the HCFSA, you can be reimbursed only up to the amount available in your account after your payroll contributions. Note: the $5,000 IRS limit is between both you and your spouse.
Registering an account with HealthEquity:
- FSA only members: register at https://participant.wageworks.com
- Members enrolled in both an FSA and HSA: register at https://my.healthequity.com/
When will I receive my Health Care FSA card?
If you have an existing HealthEquity account, you can continue to use your current FSA card for your Databricks HCFSA. Only new HealthEquity account holders will receive the Welcome Kit and HCFSA card. You can always request a new or additional HCFSA card via the HealthEquity member portal or by calling HealthEquity Member Services at 877.924.3967. New HCFSA cards are automatically sent approximately 30 days prior to the expiration date.
Do I get a Dependent Care FSA card?
The DCFSA does not come with a card. To get reimbursed for your Dependent Care expenses, please file a claim directly with HealthEquity online at www.HealthEquity.com. If you have questions on the process, please contact HealthEquity Member Services at 877.924.3967.
How do I reset my HealthEquity password?
HealthEquity members can go to the HealthEquity or Wageworks login page and click the 'Forgot password' link. If you're not sure which portal to use, please contact HealthEquity at 877.924.3967.
Learn more:
Important:
Flexible Spending Accounts offer sizable tax advantages, but are subject to IRS regulations.
- Once you enroll in a FSA, you can only change your contribution amount if you experience a qualified status change.
- Each account functions separately. You cannot transfer funds from one FSA to another.
Deadlines
Health Care FSA
2024 Plan Year: At the end of the calendar year, participants can roll over up to $640 of unused health care funds to 2025. Any remaining funds above this amount will be forfeited. You have until March 31, 2025 to submit claims incurred in 2024.
2025 Plan Year: At the end of the calendar year, participants can roll over up to $660 of unused health care funds to 2026. Any remaining funds above this amount will be forfeited. You have until March 31, 2026 to submit claims incurred in 2025.
If you are currently enrolled in a Health Care Flexible Spending Account (HCFSA) and switch to a High Deductible Health Plan (HDHP) mid-year due to a life event or during annual open enrollment, any unused Health Care FSA funds that are eligible to rollover to the next plan year will rollover into a Limited Purpose FSA.
Dependent Care FSA
2024 Plan Year: Dependent Care expenses incurred from January 1, 2025 - March 15, 2025 (2.5 month grace period) can be applied to any remaining 2024 plan balance. You have until March 31, 2025 to submit these claims. Any remaining 2024 funds after the grace period will be forfeited. Any claims incurred after the grace period will apply to your 2025 plan balance.
2025 Plan Year: Dependent Care expenses incurred from January 1, 2026 - March 15, 2026 (2.5 month grace period) can be applied to any remaining 2025 plan balance. You have until March 31, 2026 to submit these claims. Any remaining 2025 funds after the grace period will be forfeited. Any claims incurred after the grace period will apply to your 2026 plan balance.
HSA vs. FSA Overview
For more information, please read the HSA vs. FSA article.
HealthEquity Member Portal Overview Presentation
Health Equity Virtual Events Hub
Video Time Stamp 1:00 - Login & Navigation 5:52 - HSA 11:26 - FSA 13:22 - Commuter 14:44 - Mobile App
Additional Resources
Contact
Please reach out to peopleops@databricks.com or HealthEquity’s Member Services team at 877-924-3967 or visit the Support Center at www.healthequity.com/contact
