UW System employees may contribute to Flexible Spending Accounts (FSA) and/or a Health Savings Account (HSA).
With a FSA, plan to spend the money set aside. With an HSA, you may spend or save the money. Another key difference is the FSA contains a “use it or lose it” rule; this rule does not apply to the HSA. Review the Comparison – HSA vs FSA (available in the Forms & Resources section below) for other key differences.
If you do not enroll in an FSA or HSA during your initial 30-day enrollment period, you may enroll during the Annual Benefits Enrollment (ABE) period or if you have a qualifying life event (see Life Events in the left hand menu for more information).
Optum Financial / ConnectYourCare (CYC) is the plan administrator for the Spending & Savings Account plans.
Not sure where to start? Talk with ALEX or click on the links below to read more about each account.
- Flexible Spending Accounts (FSA) – includes Health Care FSA, Limited Purpose FSA, and Dependent Day Care
- Health Savings Accounts (HSA)
- Parking & Transit Accounts – Will be offered again to UW System employees effective January 1, 2021.
Review each account by clicking on the above links for eligibility information.
Forms & Resources
Every effort has been made to ensure this information is current and correct. Information on this page does not guarantee enrollment, benefits and/or the ability to make changes to your benefits.