Flexible Spending Account (FSA)
FSAs allow you to set aside money from your paycheck on a pre-tax basis to use for eligible out-of-pocket expenses. These accounts are administered by UMB.
You must enroll annually for the plan year effective on January 1st to participate. There are three types of FSAs to choose from:
| Account | Description | 2025 IRS Maximum Contribution limit | Carryover or Grace Period to next year | HDHP compatible |
|---|---|---|---|---|
| Account | Description | 2025 IRS Maximum Contribution limit | Carryover or Grace Period to next year | HDHP compatible |
| Health Care FSA |
Make pre-tax contributions for medical, dental and vision expenses not paid by your, or your spouse's insurance plans. | $3,300 | No | No |
| Limited Purpose FSA |
If you are enrolled on a High Deductible Health Plan as well as a Health Savings Account (HSA). The same rules of a general-purpose Health Care FSA apply, except employees are limited to deductions for dental and vision expenses only until certain thresholds are satisfied. | $3,300 | No | Yes |
| Dependent Care FSA |
Set aside pre-tax contributions for dependent care expenses. You can use this account to pay for eligible child and adult care expenses like day care, before and after school care, preschool, and summer day camp. |
$5,000 (or $2,500 if married and filing taxes separately. |
No | Yes |
Each account requires a separate election. Funds cannot be moved from one account to another. Contributions cannot be changed unless a qualifying life event occurs and must be made within 30 days of the event. All accounts are “use it or lose it.” The FSA plan year is January 1, 2025– December 31, 2025. You can submit 2025 claims through March 15, 2026
Visit www.irs.gov and search for IRS Publications 502 (Medical and Dental) 503 (Dependent Care) to learn more about eligible expenses.
Is Health FSA right for you?
Is a Limited-Purpose FSA right for you?
UMB FSA Mobile App
HSA and FSA Member Support
Video: Flexible Spending Account
