A Flexible Spending Account (FSA) saves you money by allowing you to set aside pre-tax dollars from your bi-weekly paycheck to help pay for eligible expenses.

Because you are eligible for the Piedmont HDHP with HSA, you will not be able to contribute to a Health Care Flexible Spending Account (FSA) due to IRS regulations; you can still contribute to a Dependent Care FSA administered by HealthEquity. If you are newly eligible for the Piedmont HDHP with HSA and have funds remaining in an existing Health Care FSA, you must spend down your balance before your HSA becomes effective to avoid forfeiting any remaining Health Care FSA dollars.

You cannot participate in a Health Care FSA, but there are many of the same tax advantages when you participate in HSA.

Before You Enroll: Dependent Care FSA

What to know about the Dependent Care FSA

• Pre-tax contributions are deducted from your pay in equal amounts throughout the year.
• The IRS regulates how much you can contribute to an FSA and which expenses are eligible for reimbursement.
•  How much should I contribute? 
• Visit HealthEquity or download the EZ Receipts mobile app to submit FSA claims and check account balances.
• At the end of each calendar year, there is a runout period until March 1 to submit prior year FSA claims.
• After the runout period, any unused Dependent Day Care FSA dollars will be forfeited, in accordance with IRS rules.