Tax Free Spending and Savings Accounts | Baylor Scott & White Health

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Keep in mind, the FSA accounts are subject to use it or lose it rules, which means that you have until marzo 15 of the following calendar year to incur eligible expenses, then until abril 30 to submit final claims. Dollars remaining in the account after abril 30 will be forfeited.

See a list of eligible expenses

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Tax-free spending and savings accounts allow you to set aside pre-tax money to pay for certain expenses.

Healthcare accounts can be used for eligible medical, dental and vision expenses.
Dependent care accounts can be used for eligible adult or childcare expenses.

The amount you contribute comes out of your paycheck before taxes, giving you a tax savings advantage.

We offer four tax-free spending and savings accounts—three for health expenses and one for dependent care expenses. Optum Bank administers all four accounts. The chart below shows how the accounts pair with our medical plans.

Chart with types of savings accounts

View FSA-HSA Chart PDF

Flexible Spending Accounts (FSA)

General-Purpose FSA

Use your general-purpose FSA dollars to pay for eligible medical, dental and vision expenses.

If you are newly enrolled, you’ll receive an FSA card from Optum Bank. If you have previously participated in the plan, be sure to keep your card until it expires.
The entire balance is available for use right away and contributions are deducted from your paycheck throughout the year.
You cannot change your contribution amount until the following year, unless you experience a qualifying life event.
These accounts are subject to use it or lose it rules, which means that you have until marzo 15 of the following calendar year to incur eligible expenses, then until abril 30 to submit final claims. Dollars remaining in the account after abril 30 will be forfeited.

The maximum contribution limit is $2,750.

Learn about Qualifying Life Events

See Eligible Expenses

Limited-Purpose FSA

(for HSA medical plan enrollees only)

Before you meet your deductible, you can use your account to pay for qualified dental and vision expenses such as:

Orthodontia or laser eye surgery
Glasses and contacts
Dental coinsurance

After you meet your deductible, be sure to contact Optum so you can use your limited-purpose FSA money to pay for eligible medical and prescription expenses too.

If you are newly enrolled, you’ll receive an FSA card from Optum Bank. If you have previously participated in the plan, be sure to keep your card until it expires.
The entire balance is available for use right away and contributions are deducted from your paycheck throughout the year.
You cannot change your contribution amount until the following year unless you experience a qualifying life event.
These accounts are subject to use it or lose it rules, which means that you have until marzo 15 of the following calendar year to incur eligible expenses, then until abril 30 to submit final claims. Dollars remaining in the account after abril 30 will be forfeited.

The maximum contribution limit is $2,750.

Call Optum at 800.243.5543

See Eligible Expenses

Dependent Care FSA

Use dependent care FSA money to pay for dependent care expenses, including:

Day care at home and licensed centers for children up to age 13
Day care at home and licensed centers for dependents of any age who are mentally and/or physically disabled

Choose your contribution amount during enrollment to be credited to your account each pay period starting Jan. 1.

Once you enroll, you cannot change your contribution amount until the following year, unless you experience a qualifying life event.*
This account is subject to use it or lose it rules, which means that you have until marzo 15 of the following calendar year to incur eligible expenses, then until abril 30 to submit final claims. Dollars remaining in the account after abril 30 will be forfeited.

The IRS contribution limits are as follows:

Married or single parent: $100 minimum to $5,000 maximum
Married and filing separately: $100 minimum to $2,500 maximum each

If you are newly enrolled, you’ll receive an FSA card from Optum Bank. If you have previously participated in the plan, be sure to keep your card until it expires. You can use your Optum Bank debit card for eligible expenses. Or, file a claim with Optum Bank for reimbursement.

SEE ELIGIBLE EXPENSES

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^{*For the dependent care FSA, some examples of possible qualifying life events include:}^{Returning your child to daycare, e}^{nrolling your child in after-school care or other care services that have a cost, and/or a}^{djusted fee schedules from daycare providers.}

Health Savings Account (HSA)

Use your HSA money to pay for eligible medical, dental and vision expenses, or save it for the future.

Choose the amount you want to contribute for the year during enrollment, and it will be deposited to your account in increments each pay period throughout the year (starting Jan. 1 for annual enrollment).
HSAs have no use-it-or-lose-it rules, so any funds you have in the plan will continue to rollover and can be taken with you if you leave.

You can update your HSA contribution anytime throughout the year by submitting a ticket to PeoplePlace. Once submitted, please allow 1-2 pay periods for your request to be processed.

The maximum contribution amounts are listed below:

Employee-only coverage: $3,650
Employee with dependent coverage: $7,300
If you’re 55 or older, you can make an additional catch-up contribution of $1,000 each year.

Reminder: If you are currently enrolled in Medicare, you cannot contribute to a HSA

If you are newly enrolled, you’ll receive an HSA card from Optum Bank. If you have previously participated in the plan, be sure to keep your card until it expires.

Update Your HSA Contribution

Note: Login required.

Access Your HSA Account

Helpful Resources

Have a question about your tax-savings account?

Optum Bank is there to help.

Llamar a 800.243. 5543

Not sure how much you should save?

Learn how to make the most of your health accounts and estimate how much you should save with helpful tools.

Go Now

Want to manage your accounts on the go?

Download the Optum Bank App for iOS and Android.

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Este sitio resume los programas y beneficios disponibles para los empleados y sus dependientes elegibles. Los documentos oficiales del plan, las pólizas y los certificados de seguro que contienen los detalles, las condiciones, los niveles máximos de beneficios y las restricciones sobre los beneficios rigen nuestro programa de beneficios y están disponibles en este sitio. En caso de conflicto entre este sitio y los documentos oficiales, prevalecen los documentos oficiales. La información en este sitio no es una garantía de beneficios. Baylor Scott & White se reserva el derecho de modificar o finalizar sus planes y programas de beneficios para empleados en cualquier momento y por cualquier motivo.

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Tax-Free Spending and Savings Accounts

Set aside money on a pre-tax basis to pay for eligible expenses. The accounts help you cover eligible expenses with dedicated funds, while also getting a tax savings advantage.