Tax-free spending and savings accounts allow you to set aside pre-tax money to pay for certain expenses. We offer four tax-free spending and savings accounts—three for health expenses and one for dependent care expenses. Optum Bank administers all four accounts.
- Healthcare accounts can be used for eligible medical, dental and vision expenses.
- Dependent care accounts can be used for eligible adult or childcare expenses.
- The amount you contribute comes out of your paycheck before taxes, giving you a tax savings advantage.
- If you are newly enrolled, you’ll receive a FSA/HSA card. If you have previously participated in the plan, be sure to keep your card until it expires.
- The chart below shows how the accounts pair with our medical plans.