Flexible Spending  Account (FSA)	Health Savings  Account (HSA)
Eligible if:	You are not enrolled in an HSA	You have enrolled in a DPS High-Deductible CDHP Plan
Maximum Contribution:	January 2023 - December: 2024: $3,050	January 2023 - December 2023: $3,850 single $7,750 family Additional $1,000 for ages 55+
Availability of Funds:	Annual amount available immediately once enrolled Dependent care expenses* Only the amount actually deposited is available	Only the amount actually deposited is available
Roll Over of Funds:	Funds for expenses incurred but not claimed by September 30th will be lost. This plan will roll over up to $610 of unused funds.	All unused funds roll over from year to year
What if I change jobs?	You can only use funds for claims through your termination date. All unused funds will be lost.	This account goes with you
What can I use this money on?	Eligible medical, dental, and vision expenses	Eligible medical, dental, and vision expenses

*Dependent Care Flexible Spending Accounts can be paired with Health Savings Accounts. Visit HealthEquity to learn more.

You can enroll during the open enrollment period each spring, or during your new hire open enrollment period when you join Team DPS. You’ll be prompted to sign up as you go through the benefit enrollment process. Enrollment outside of our annual Open Enrollment period is restricted to specific situations. See the Qualifying Life Event page for additional information.

Visit the HealthEquity website to register your account. From there, you can locate your cards, check your balances, and submit information for expenses. HealthEquity manages your account entirely. You can reach their Customer Support Center 24/7 by chat or phone at 1-877-924-3967.

You can make changes to your deductions or cancel your Flexible Spending Account (FSA) during Open Enrollment each year. You can make a mid-year change through a Qualifying Life Event (QLE).

HealthEquity is the manager for your Flexible Spending Account (FSA). Contact them directly with any questions or with helping accessing your account portal.

Contributions are deducted from your paychecks pretax (that means you don’t pay income tax on those dollars). HealthEquity issues you a debit card to access your funds*. If you prefer to seek reimbursement, you can submit claim forms and bills to HealthEquity directly. Make sure to keep all your receipts in case HealthEquity needs them from you in the future. Visit WageWorks to learn more about how to access and use your funds. 

*For a Dependent Care Flexible Spending Account (FSA) only: WageWorks (Health Equity) does not issue a debit card. Eligible expenses must be submitted for reimbursements or scheduled to be sent directly to your care provider from WageWorks (Health Equity). WageWorks for more information on payment options for the Dependent Care FSA. 

Before you do anything, you have to register your Flexible Spending Account (FSA) at WageWorks or by calling 877-924-3967.

After you register, you can use your Flexible Spending Account (FSA) card (which you will receive from HealthEquity) in the mail just like a debit card! If you’d rather not use your card or don’t have it with you when you need to make a purchase on an eligible expense, you can process a reimbursement with WageWorks.  

*For a Dependent Care Flexible Spending Account (FSA) only: HealthEquity does not issue a debit card. Eligible expenses must be submitted for reimbursements or scheduled to be sent directly to your care provider from HealthEquity.  Visit WageWorks for more information on payment options for the Dependent Care Flexible Spending Account (FSA).

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) both help you save money by not paying income taxes on the dollars you put towards eligible medical expenses. The Flexible Spending Account (FSA) is a great choice when you have specific expenses that you know are coming. The Health Savings Account (HSA) is great for helping you build your savings for medical expenses that you think may come at some point. 

Most people will receive their Flexible Spending Account (FSA) cards within 3-4 weeks after their effective enrollment date. If you haven’t received your card, please reach out to HealthEquity directly by calling 877-924-3967.

 

Please visit WageWorks to learn more about allowable expenses and any other account specific information you may need. 

DPS does not make contributions to your Flexible Spending Account (FSA).

You can make changes to your deductions or cancel your Flexible Spending Account (FSA) during Open Enrollment, new hire enrollment, or with a Qualifying Life Event.