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Pay the faster way

Your FSA card is the fastest and most convenient way to pay for everything, from bandages to braces, and contacts to chiropractors. Plus you save up to 30%* since you’re using pre-tax dollars. Shop Optum Now for even more savings. Get 7% off at checkout with code OPTFSA7.

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Use it or lose it

It’s important to understand that in most cases flexible spending accounts (FSAs) do have a “use it or lose it” rule. That means you would lose any money left in your account at the end of the plan year. See the information below on how to help manage your FSA funds.

  • Most FSA funds usually expire at the end of the plan year, however you should check with your employer to confirm if they offer a 'grace period'.

    You may also check if you're eligible for a 'carry over' amount. This could be up to $660 from the previous plan year that may be available to you this year. Be sure to check your plan documents to see if this is an option for you or confirm with your employer.

    OR

  • Using your FSA card is the fast and convenient way to pay for your health expenses, from braces to bandages, and chiropractors to contacts. Pay with your FSA card every time for faster payouts and less paperwork. Learn more about what you can buy.

    OR

  • To get claims approved, you’ll need to submit receipts for your FSA-eligible expenses that are incurred throughout the year. Learn how to upload receipts by following these steps:

    1. Sign in to your account.
    2. Select the Payments drop-down from the navigation bar.
    3. Select Receipts.
    4. Click Upload from your computer button on the left-hand side of the page.
    5. Select file from your computer files and click Save receipt.

    Receipts must include these details:

    • Amount
    • Date of purchase
    • Eligible item or service
    • Provider or merchant name
    OR

  • Learn how to file a FSA claim by following these steps:

    1. Sign in to your account.
    2. Select the Payments drop-down from the navigation bar.
    3. Select Reimburse an expense.
    4. Fill out all applicable fields and upload your receipt(s).

    Receipts must include these details:

    • Amount
    • Date of purchase
    • Eligible item or service
    • Provider or merchant name
    OR

Looking for more information?

Learn how you can better use your FSA year-round.

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Resources to maximize your FSA funds

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QME Tool
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Unsure of what expenses qualify? 

Use the Qualified Medical Expenses search tool to check if an expense qualifies to use your FSA funds on.

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OBA
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Looking to learn more? 

Sign in to view the latest Optum Bank Academy courses designed to help you maximize your FSA benefits.

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Tax savings 

Your taxable income is reduced by the amounts you deposit into your FSA accounts, up to IRS limits.

2024 limits:

  • Health care FSA max IRS election: $3,200
  • Dependent care FSA max IRS election:
    • Individual: $2,500
    • Family: $5,000

2025 limits:

  • Health care FSA max IRS election: $3,300
  • Dependent care FSA max IRS election:
    • Individual: $2,500
    • Family: $5,000
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*Savings compares using pre-tax income in your FSA to using after tax income for purchases and assumes a 30% combined tax rate from all applicable federal, state, and FICA taxes. Results and amount will vary depending on your circumstances.