Overview

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, which 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 (formerly ConnectYourCare) 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.

Plans

Eligibility

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: 12/16/2021