Flexible Spending Accounts (FSAs), administered by WEX, allow you to set aside pre-tax dollars to pay for eligible health and dependent care expenses.
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(IRS Maximum $3,200/year)
Allows you to pay for certain out-of-pocket medical, dental, and vision expenses such as deductibles, coinsurance, copays, prescriptions, dental care, eyeglasses, contact lenses, and other medical supplies. Your entire annual election is immediately available for use. At the end of the year, up to $640 in unused funds can be carried over to the next plan year.
Please note: CDHP with HSA participants are not eligible to enroll in the Health Care FSA.
(IRS Maximum $3,200/ year)
CDHP with HSA participants are eligible to enroll in the Limited Purpose FSA to set aside pre-tax dollars to pay for eligible dental and vision expenses only. Your entire annual election is immediately available for use. At the end of the year, up to $640 in unused funds can be carried over to the next plan year.
(IRS Maximum $7,500/ year; or $3,750/year if married and filing taxes separately)
Allows you to pay for services such as day care, babysitters, most day camps, and caregivers for disabled dependents, so that you and/or your spouse can work or attend school full-time. Unlike the Health Care and Limited Purpose FSAs, you can be reimbursed only up to the amount available in your account based on your payroll contributions.
**Be advised that annual nondiscrimination testing may result in adjusted plan contribution limits for highly compensated employees (HCEs). The IRS defines an HCE as anyone who earned at least $160K in 2025. Affected individuals will be notified of a revised limit in early 2026.
| Health Care FSA | Limited Purpose FSA | Dependent Care FSA | |
|---|---|---|---|
| Eligibility | Eligible employees who are not enrolled in the CDHP with HSA | CDHP with HSA participants only | All eligible employees |
| 2024 Annual Contribution Limit | $3,200 | $3,200 | $5,000 ($2,500 if married and filing separately) |
| 2025 Projected Annual Contribution Limit | $3,300 | 3,300 | $5,000 ($2,500 if married and filing separately) |
| Eligible Expenses* | Health care plan deductibles, copays, coinsurance, and prescriptions, including dental and vision hardware and expenses | Dental and vision expenses only | Daycare for children age 12 and under, disabled children, and dependent adults |
| Availability of Funds | The full annual amount you elect is available on your plan effective date | The full annual amount you elect is available on your plan effective date | You can be reimbursed up to the amount available in your account |
| Payment or Reimbursement Options | Debit card or reimbursement | Debit card or reimbursement | Reimbursement |
| 2025 Services Deadline | Services must be incurred by 3/15/2026 | Services must be incurred by 3/15/2026 | Services must be incurred by 12/31/2025 |
| 2025 Submission Deadline for Reimbursement | Reimbursement must be submitted by 3/31/2026 | Reimbursement must be submitted by 3/31/2026 | Reimbursement must be submitted by 3/31/20261 |
Remember: FSAs are “use-it or lose-it!”
If you’re planning to enroll, make sure you estimate your out-of-pocket expenses for the year. The WEX expenses calculator can help you decide how much to contribute to your FSA.
FSAs offer significant tax advantages but are subject to IRS regulations:
Whether you need to check your balance, order a new card, or view recent transactions, the WEX app is your one-stop-shop to track your FSA activity. There’s even an eligible expense scanner to help you make sure you’re taking full advantage of your accounts.
You can download the WEX mobile app for free at the Apple App Store or Google Play.
After enrolling in the FSA, create an account at benefitslogin.wexhealth.com to see your balance, submit reimbursement requests, or view any actions needed from you in the Tasks section.