[ FLEXIBLE SPENDING ACCOUNTS ]
STRETCH YOURSAVINGS FURTHER
Flexible Spending Accounts (FSA) let you pay for qualified health care and dependent care expenses tax-free.
HOW DOES AN FSA WORK?
For each account you enroll in, you choose how much to contribute. The money you contribute is taken out of your paychecks pre-tax, which lowers your taxable income for the year.
Health Care FSA
Covers eligible medical, dental and vision expenses not paid by an insurance plan. This option is not available if you’re enrolled in the medical plan with the HSA per IRS rules.
You can contribute up to $3,200 in 2025.
Limited Purpose FSA
Covers eligible dental and vision care expenses only. This account is available only if you’re enrolled in the medical plan with the HSA, per IRS rules.
You can contribute up to $3,200 in 2025.
Dependent Care FSA
Covers eligible dependent daycare expenses so you and your legal spouse can work, find work or attend school full-time.
You can contribute up to $5,000 each year.
How to pay for care and services
You can pay for eligible Health Care and Limited Purpose FSA expenses with a debit card at the point of service. Keep your receipts and Explanation of Benefits (EOB) statements mailed to you. The FSA administrator, HealthEquity, may ask you to see receipts and EOBs.
To pay for eligible Dependent Care FSA expenses, you can pay out of pocket and file a claim with HealthEquity. You will be reimbursed by check or through direct deposit, based on your election.
Questions? Call 866-346-5800 or visit learn.healthequity.com/worthingtonsteel.
Key DATES
The IRS sets a “use it or lose it” rule for FSAs. If you miss the applicable claims filing deadlines, you’ll lose any remaining funds in your FSA.
For Plan Year 2025
- Expenses must be incurred between
Jan. 1, 2025 and Feb. 28, 2026 - You must file for reimbursement by
May 31, 2026
Manage your FSA claims and reimbursements with ease using the HealthEquity EZ Receipts mobile app, available in the App Store and Google Play.
