Healthcare Spending Account
HealthEquity
Dependent Care | Healthcare Spending Account | Flexible Spending Account
As health-care costs continue to increase, you can soften the impact on your wallet by enrolling in a health care flexible spending account. By saving on taxes, you can effectively reduce the cost of your eligible expenses. A health care flexible spending account can help you save on many products and services such as:
Medical, dental or vision deductibles and co-payments
Eyeglasses, contact lenses and contact lens supplies
Laser eye surgery (including LASIK)
Orthodontia
Prescription drugs
Note: Over the counter drugs are not an eligible purchase with an HCFSA, except with a doctor's prescription.
Participating in a Health Care FSA
FSA is administered by HealthEquity Within 30 days of hire, or during Open Enrollment, you elect the amount you want to contribute to your health care spending account. For 2025, you may contribute up to $3,300 annually into a health care spending account. Intact will then deduct the election amount in equal payments each pay period throughout the year.
When you incur eligible expenses, you may be reimbursed the full amount of the expense up to the annual election amount you have chosen. The health care spending account has a "use it or lose it" provision, so plan carefully for your expenses. You must incur all expenses for the funds in your FSA before the plan year ends on 12/31.
Depending on which medical plan you enroll in, your HCFSA will work differently in order to be compliant with federal regulations. Click here for details.
Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; or OBI National Insurance Company, a Pennsylvania insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.