Flexible Spending Accounts (FSAs) are tax-advantaged accounts that let you use pre-tax dollars to pay for eligible healthcare and dependent care expenses. Using FSAs can save money, however the amount of unused dollars that will roll over—or stay in your account from one plan year to the next—is limited. If you currently have an FSA or you plan to add one to your benefits for 2024-2025, carefully consider your contribution for the new plan year.

Health Care FSA

If you have a Health Care Flexible Spending Account (HCFSA), you will be able to roll over up to $610 of all unused funds from the 2023-2024 plan year to the 2024-2025 plan year. All unused funds over the $610 limit will be forfeited. The maximum amount you can contribute to the Health Care FSA is increasing from $3,050 to $3,200. The rollover amount will also increase from $610 to $640.

You must incur all expenses between July 1, 2024, and June 30, 2025. Claims must be submitted by September 30, 2025. All rollover funds will be available in November.

Dependent Care FSA

You must use all available funds by the end of the plan year deadline, or you will forfeit any remaining balance. You have until September 15 of the following plan year to incur expenses, and until September 30 of the following plan year to submit eligible claims.

For example, if you enroll in a Dependent Care FSA during the 2024-2025 plan year, you’ll have until September 15, 2025 to incur expenses and until September 30, 2025 to submit eligible expenses for reimbursement.

Visit the Flexible Spending Accounts webpage for more FSA details and single-sign-on access to WageWorks/HealthEquity.

—Division of Human Resources