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Spending/Savings Accounts

Set aside money on a pre-tax basis to pay for eligible expenses. The accounts help you cover eligible expenses with dedicated funds, while also getting a tax savings advantage.

See below for 2025 details.

Don't forget

 

Keep in mind, the FSA accounts are subject to use it or lose it rules, which means that you have until March 15 of the following calendar year to incur eligible expenses, then until April 30 to submit final claims. Dollars remaining in the account after April 30 will be forfeited.

See a list of eligible expenses

How they work

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.

Comparison chart

 

FSA HSA Chart

Note: You do not need to be enrolled in a BSW medical plan to elect a general-purpose or dependent care FSA.

*Use DCFSA funds to pay for dependent care expenses, such as day care at home and licensed centers for children up to age 13; or day care at home and licensed centers for dependents of any age who are mentally and/or physically disabled.

**The limited-purpose FSA can help pay for eligible dental and vision expenses until the medical plan deductible is met, and then funds can be used for medical and prescription expenses, too.

Health Savings Account (HSA)

HSAs have no use-it-or-lose-it rules! Any funds you have in the plan will continue to rollover and can be taken with you if you leave. Although you choose a contribution amount during enrollment, you can update it anytime throughout the year. The amount you choose will be deposited to your account in increments each pay period.*

Update your HSA contribution at any time throughout the year by contacting PeoplePlace. After submission, please allow 1-2 pay periods for your request to be processed.
Note: Log in required.

Reminder: You must be enrolled in the HDHP medical plan to be eligible for a HSA. Additionally, if you are currently enrolled in Medicare, you cannot contribute to a HSA.
*If you enroll during annual enrollment, elections will begin Jan. 1 the following year.

Helpful resources
Manage your accounts

Manage your account through Optum Bank. 

Log in to Optum

Download the Optum Bank App for iOS and Android.

Download now

Not sure what is an eligible expense?

Use the search tool to filter by account type and expense type to learn what you can cover with your flexible spending account.

Search now

Have a question about your tax-savings account?

Optum Bank is there to help.

Call 800.243.5543

Additional HSA resources
Eligible expenses

Use the search tool to find out what expenses qualify.

Filter by account type and expense type to learn what you can cover with your flexible spending account.

Search now

Update your HSA contributions
You can update your HSA contribution at any time throughout the year by contacting PeoplePlace.

After submission, please allow 1-2 pay periods for your request to be processed.

PeoplePlace > BSWHelpHub

Note: Log in required.
  • Manage your accounts

    Log in to Optum Bank

    We parter with Optum Bank to adminster all of our tax-free savings accounts. 

This site summarizes the programs and benefits available to employees and their eligible dependents. Official plan documents, policies and certificates of insurance that contain the details, conditions, maximum benefit levels and restrictions on benefits govern our benefits program and are available on this site. In case of a conflict between this site and the official documents, the official documents prevail. The information on this site isn't a guarantee of benefits. Baylor Scott & White reserves the right to modify or terminate its employee benefit plans and programs at any time for any reason.

Click here if you have feedback on the website or need to report an issue. All other questions and issues, please contact the corresponding resource on the Need Help page.

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