Overview
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 in the fall for the upcoming calendar year or if you have a qualifying life event (see Life Events in the left hand menu for more information).
NOTE: The administrator for the Flexible Spending Accounts changed from Optum to TASC January 1, 2026. For additional information and key dates regarding this change, review the FSA & HSA Vendor Change web page.
Plans
Not sure if any of these accounts make sense for you? Click 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
Eligibility
Review the eligibility for each account by clicking on the above links.
Payment Card
If you enroll in a Health Care FSA, Limited Purpose FSA, Dependent Day Care Account, Health Savings Account, Parking Account and/or Transit Account, you will receive a payment card from the administrator. If you enroll in multiple accounts (for example: Limited Purpose FSA and Health Savings Account), you will be issued one payment card to use for both accounts.
Contact the administrator to request a new payment card.
Forms & Resources
- Automatic Premium Conversion Waiver (ET-2340)
- FSA & HSA Summary Plan Description
- FSA & HSA Vendor Change web page
- Terms and Conditions
Administrator
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: 05/29/2024