FSA Guide
Spend smarter.
Save more on healthcare.
An FSA empowers you to keep more of your hard-earned money. Plan your spending, know the rules and unlock amazing tax savings.
What is a Flexible Spending Account?
Expect Remarkable
A Flexible Spending Account (FSA) lets you set aside pre-tax dollars from your paycheck to pay for eligible healthcare expenses. You elect your contribution at the start of the plan year.
How do I sign up?
Enroll during your employer's open enrollment period. You choose how much to contribute for the year (up to the IRS limit).
Plan your spending
Think beyond the doctor's office
Use your FSA for prescriptions, dental, vision, medical equipment, and thousands of everyday health products.
Get your money right away
Your full annual election is available on day one — even before you've contributed the full amount.
Your savings can add up fast
$750
average annual tax savings for FSA account holders
| Year | Limit |
|---|---|
| 2025 | $3,300 |
Make your elections
Choose your annual FSA contribution during open enrollment. Contributions are deducted evenly from each paycheck.
Know the rules
Timing matters
Expenses must be incurred during the plan year to be eligible for reimbursement.
Limited election period
You can only change your FSA election mid-year with a qualifying life event.
No double-dipping
You cannot claim the same expense for both your FSA and another tax benefit.
We make it easy to get reimbursed:
- Pay directly with your HealthEquity debit card
- Submit claims online or via the mobile app
- Upload receipts for fast reimbursement
Tools and resources
Visit Help CenterWatch our on-demand webinar
Watch our FSA on-demand webinar to learn how to make the most of your account.
1The example used is for illustrative purposes only; actual savings may vary. The figure is based on average tax rates, including state, federal and FICA taxes.
2Accounts must be activated via the HealthEquity website in order to use the mobile app.
3Plans vary by employer. Please review your plan documents carefully or consult your employer for information about your company's benefits.
4Please refer to your plan documents for more information.
HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.