Flexible spending account (FSA)

A flexible spending account (FSA) lets you set aside pre-tax money to pay for eligible healthcare or dependent care expenses. The FSA is administered by Optum Bank.

Healthcare FSA

  • Use pre-tax dollars to pay for eligible medical, dental and vision expenses.

New participant?

You'll receive an Optum Bank debit card. If you already have a card, keep using it until it expires.

Use it before you lose it

FSA funds must be used within the plan’s deadlines. You have until March 15 of the following year to incur eligible expenses and until April 30 to submit claims for reimbursement. Any remaining funds after April 30 are forfeited.

Health savings account (HSA)

A health savings account (HSA) is a tax-advantaged savings account that helps you pay for eligible healthcare expenses now and in the future. The HSA is administered by Optum Bank.

How it works

  • Enroll in the BSWH HDHP to become eligible for an HSA.
  • Contribute money through pre-tax payroll deductions up to IRS limits.
  • Use your HSA funds to pay for eligible medical, dental and vision expenses.
  • Funds are available as contributions are deposited into your account.
  • You can change your contribution amount at any time during the year, subject to IRS rules.
  • New participants receive an Optum Bank HSA debit card to access their funds.

Highlights

  • Tax advantages: Contributions are deducted from your paycheck before taxes.
  • Use it now or later: Save for current healthcare expenses or future healthcare needs.
  • Funds roll over: Unused funds carry forward from year to year.
  • It's yours to keep: You keep your HSA balance even if you leave BSW.
  • Flexible contributions: Update your contribution amount during the year within IRS limits.

Important information

  • You must be enrolled in the BSWH HDHP to contribute to an HSA.
  • If you're enrolled in Medicare, you're not eligible to contribute to an HSA.
  • If you enroll during Annual Enrollment, your HSA contributions will begin Jan. 1 of the following year.
  • If you already have an Optum Bank HSA debit card, continue using it until it expires.

Update your HSA contribution at any time during the year by contacting PeoplePlace.

After submission, please allow one to two pay periods for your request to be processed.

Review options

Helpful resources

Manage your accounts

Manage your account through Optum Bank.

Log in to Optum

Download the Optum Bank App for iOS and Android.

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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.

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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.

Please contact us if you have feedback on the website or need to report an issue.