Flexible Spending Accounts

 *UPDATE: ANNOUNCEMENT: Employees with any unused amounts in their 2020 health and/or dependent FSAs will have the unused 2020 amount rolled into a 2021 health and/or dependent FSA account. Wex/Discovery manages this program and 2020 rollover funds will be available for qualifying expenses and/or reimbursements at the end of April. For questions regarding your account, you must contact Wex/Discovery Benefits at 1-866-451-3399 because they are managing this program. HR does not have access to this data.  

The university offers Health Care and Dependent Care Flexible Spending Account (FSA) options administered by Wex/Discovery Benefits.

Not sure exactly what a FSA is? Check out FSA 101, a great introductory video provided by Wex/Discovery Benefits. Basically, flexible spending accounts provide pre-tax dollars to be used toward medical, dental, vision, pharmacy, and daycare expenses. This is a savings to you and adds extra money in your pocket. Flexible spending accounts do have a "Use-it-or-lose-it" provision, meaning any unspent money at the end of the grace period of March 15 must be forfeited.*

Health Care Flexible Spending Account

The Health Care (FSA) annual employee contributions are available to use beginning January 1, 2021. You may use these funds for you and your dependents. The maximum annual employee contribution limit for a Health Care Flexible Spending Account (FSA) is $2,750.

View Eligible Expenses

Dependent Care Flexible Spending Account

The Dependent Care (FSA) annual employee contributions accumulate on a per pay period basis.  You may use these funds to reimburse you for daycare and children's camp expenses. The maximum annual employee and household contribution limit for Dependent Care FSA is $5,000.

View Eligible Expenses

Rollover Funds

Employees with any unused amounts in their 2020 health and/or dependent FSAs will have the unused 2020 amount rolled into a 2021 health and/or dependent FSA account. Wex/Discovery manages this program and 2020 rollover funds will be available for qualifying expenses and/or reimbursements at the end of April. For questions regarding your account, you must contact Wex/Discovery Benefits at 1-866-451-3399 because they are managing this program. HR does not have access to this data.  

Additional Resources

Wex/Discovery Benefits has a lot of great resources for participants. The Wex/Discovery Benefits website offers guides, calculators, etc. You can also check out some helpful information listed below.

Discovery Benefits Mobile App Video

Discovery Benefits Out-Of-Pocket Reimbursement Form

Wex/Discovery Benefits Contact Information

Customer Service: 1-833-225-5939

Website: https://www.wexinc.com/t1/

Click to view customer services instructions for retirees.