Universities of Wisconsin 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, which does not apply to the HSA. For other key differences, review the Comparison – HSA vs FSA (available in the Forms & Resources section below).

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 is the plan administrator for the Spending & Savings Accounts.

Not sure if any of these accounts make sense for you? Click on the links below to read more about each account.



Review the eligibility for each account by clicking on the above links.

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.

Updated: 01/02/2024