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Flexible spending accounts (FSAs)

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Save money for medical and dependent care expenses.

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What is a flexible spending account (FSA)?     

An FSA is an account that you can put money into to pay for certain out-of-pocket health care costs. You don’t pay taxes on this money. This means you’ll save an amount equal to the taxes you would have paid on the money you set aside.  

It’s important to understand that in most cases FSAs have a “use it or lose it” rule. Keep this in mind to avoid losing any unspent money left in your account at the of the plan year.

Types of FSAs

How a health care FSA works

A health care FSA (HCFSA) reimburses you for eligible health care expenses for you and your eligible dependents. Eligible expenses include medical, dental, vision, hearing and prescription drug expenses. You can also use FSA funds to pay for copays, coinsurance and certain over-the-counter (OTC) items. 

How a dependent care FSA works

A dependent care flexible spending account (DCFSA) can help you put aside dollars, income tax-free, for the care of children under the age of 13 or for dependent adults who can’t care for themselves. Your account is funded by payroll deductions before taxes. That money may help pay for a variety of services, including day care, nursery school, preschool, after-school or senior day care. 

Unlike an HCFSA, where your full election amount is available to you at the beginning of the year, only your to-date contributions to your dependent care account are available to you. That means you may only spend the balance that you have in your account at any point in time.

How a limited purpose FSA works

A limited purpose flexible spending account (LPFSA) is a great companion to a health savings account (HSA), which you may use to pay for unforeseen qualified medical expenses. The LPFSA is just that — it has a limited purpose. It reimburses you for dental and vision expenses. You can easily pay for services at dental or vision clinics using your Optum Financial payment card.

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Dependent care FSA

Watch the video to learn how a DCFSA helps you budget for eligible child and adult care expenses.

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Limited purpose FSA

Learn how an LPFSA can be a great companion to a health savings account (HSA).

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Health care FSA

An HCFSA lets you cover eligible health care expenses with before-tax dollars.

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Tips for spending your FSA dollars

It’s important to understand the “use it or lose it” rule for FSAs. That means you would lose any money left in your account at the end of the plan year.

Learn more

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Introducing the Optum Store
Save smart. Spend smart.

The Optum Store makes it easy to use (not lose) your FSA dollars. Everything is FSA-eligible. Guaranteed. Shop with confidence for products you and your family need at prices you’ll love — including over-the-counter (OTC) medications, select prescription medications and other physical health items.

Plus, if you use your Optum Bank payment Mastercard®, you can now skip the receipts. Your FSA purchases are automatically substantiated, hassle-free.

 Shop FSA products

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*Your FSA plan may exclude reimbursement for certain categories of items. Check your plan for specific coverage details.

The promotional codes OPTFSA7, OPTHSA5 and OPTHRA7 offered by the Optum Store is intended for the sole use by Optum Financial flexible spending arrangement (FSA) and health saving account (HSA) members when making a purchase with their FSA or HSA. Promotional codes cannot be applied to previously placed orders and cannot be combined with other promotional codes. Promotional codes are not transferable or redeemable for cash or credit. To apply a promotional code, you must enter it prior to completing the order. Failure to adhere to these terms of use may result in the transaction being voided.

Free and expedited shipping offers do not apply to shipping outside of the contiguous United States. Additional shipping restrictions may apply.

The Optum Store is an affiliate of the UnitedHealth Group family of companies.