A healthcare FSA lets you use tax-free money to pay for eligible medical expenses.** FSAs help members realize significant savings on healthcare costs. Don’t think of it as money deducted from your paycheck—think of it as money added to your wallet.
Fast, hassle-free payments and reimbursement
Enjoy an extra grace period at the end of the plan year to spend remaining account funds.^
Access annual contribution amount on day one
Maximize your tax savings
When you use your tax-advantaged FSA, you get $10 in tax savings for every $50 you contribute.^^
HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.
*Estimated tax savings are based on a $2,500 contribution and a 20% effective tax rate, including applicable state and federal income taxes. Actual tax savings will vary based on your specific tax situation.
**FSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize FSA funds as tax deductible with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.
^See your plan documents for complete details.
^^Chart for illustration purposes only. Actual savings will vary based on your unique tax situation.