Support & FAQ

HSA-Compatible FSA

  • What is an HSA-Compatible FSA?

    An HSA-Compatible FSA is a Flexible Spending Account (FSA) that is compatible with a Health Savings Account (HSA). If you’re enrolled in a qualified high-deductible health plan and have an HSA, you can maximize your savings by pairing your HSA with an HSA-Compatible Flexible Spending Account (FSA). This pre-tax benefit account lets you take advantage of the savings power of an HSA and a Healthcare FSA simultaneously. An HSA-Compatible FSA is sometimes referred to as a “limited purpose” FSA because it is used to pay for eligible dental and vision care expenses only.


    You decide how much to contribute to your HSA-Compatible FSA each year, and funds are withdrawn automatically from each paycheck for deposit into your account before taxes are deducted. The total amount you elect to contribute is available on the first day of your plan year. Generally, you need to spend the funds in your HSA-Compatible FSA within the plan year. However, your employer may allow you a grace period of 2½ months after the end of the plan year to spend funds left in your account. Or your employer may allow you to carry over up to $500 left in your account into the next plan year.

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  • What kinds of expenses are covered by an HSA-Compatible FSA?
    Many kinds! Your HSA-Compatible FSA expands on the savings power of your HSA by covering eligible dental and vision care expenses, such as co-payments for dentist visits and new eyeglasses or contact lenses. Here's a handy list of eligible expenses to review, download, or print out for future reference. Please keep in mind that IRS rules determine which expenses are eligible, and that some expenses require a doctor's note or prescription to be eligible for reimbursement under your HSA-Compatible FSA.
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  • How is an HSA-Compatible FSA funded?

    You fund your HSA-Compatible FSA through your employer. During your company's Open Enrollment period, you tell your employer how much you would like to contribute to your account for the coming year. The maximum amount you can contribute is determined by the IRS. For 2015, it is $2,550. Your employer then deducts your contribution amount (in equal portions) from your paychecks throughout the plan year.


    Good news! You don't have to wait for funds to build up in your HSA-Compatible FSA. Your entire annual election amount is available to you on the first day of your plan year.

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  • What happens to my HSA-Compatible FSA funds at the end of the year?

    It depends on the type of HSA-Compatible FSA program your employer has in place. There are three scenarios for funds that are left unspent in your account at the end of the plan year:

    1. If you have an HSA-Compatible FSA with Carryover, you can carry over up to $500 into the next plan year.
    2. If you have an HSA-Compatible FSA with Grace Period, you have up to 2½ months after the end of the plan year to use unspent funds before you lose them.
    3. If you have a standard HSA-Compatible FSA, you lose any unspent funds at the end of the plan year.
    To find out which scenario applies to you, log into your WageWorks account or ask you employer. We recommend you estimate your annual out-of-pocket dental and vision care expenses carefully. This savings calculator will help you estimate an annual election amount that's right for you.

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  • How much can I contribute to my HSA-Compatible FSA ?
    For 2015, you can contribute up to $2,550 annually to your HSA-Compatible FSA. If your employer allows you to carry over funds in your account from last year, you may have up to $3,050 in your account. But please check with your employer to see if another contribution limit applies to your organization's HSA-Compatible FSA program.
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  • How do I use my HSA-Compatible FSA?

    There are three ways to use your HSA-Compatible FSA to pay for dental and vision care expenses:

    1. Pay Me Back. You can have funds deposited directly into your bank account or a check mailed to reimburse you for eligible expenses you've already paid.
    2. Pay My Provider. You can arrange for your service provider to be paid directly from your account.
    3. Pay by Debit Card. Depending on your employer’s plan, you may use the convenient WageWorks Healthcare Card associated with your account to pay for eligible dental and vision care products and services. This smart card knows which account to draw money from first—your HSA-Compatible FSA or your HSA.
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  • How do I manage my HSA-Compatible FSA?
    It’s easy. Log into your WageWorks account to check account balances, submit and review claims, look up eligible expenses, upload digital copies of receipts, and more. You may also use the handy WageWorks EZ Receipts® app to snap and store photos of your receipts and manage your account on the go.
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