Tax Advantaged Accounts

FSA and HSA

The Flexible Spending Account (FSA) and the Health Savings Account (HSA), administered by WEX, allow you to set aside pre-tax dollars to pay for your eligible out-of-pocket benefit expenses. The money you contribute is taken from your pay before income and social security taxes are taken out, lowering your taxable income.


Healthcare FSA

(HCFSA)


A HCFSA allows you to set aside pre-tax dollars to pay for eligible out-of-pocket health care expenses not typically covered by your health plan.


While it can be used for many medical, dental, and vision services, IRS rules prohibit using HCFSA funds for health insurance premiums or cosmetic procedures. Expenses must be for the treatment or prevention of a specific medical condition.



For the 2025–2026 plan year, you may contribute up to $3,300 pre-tax.


Dependent Care FSA

(DCFSA)


A DCFSA is a pre-tax benefit account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after school programs, and child or adult daycare.


You may only be reimbursed for up to the amount you have accrued in you DCFSA account.


Your household may contribute up to $5,000 per plan year (or $2,500 if married and filing separately).


Limited Purpose FSA

(LPFSA)


The LPFSA is available to those enrolled in the High Deductible Health Plan with a Health Savings Account (HDHP + HSA). 


This account can only be used for eligible vision and dental expenses such as copays, coinsurance, and amounts above the plan limits. 


Note: Funds must be used by the end of the plan year or they will be forfeited (use it or lose it).


For the 2025–2026 plan year, you may contribute up to $3,300 pre-tax



Health Savings Account (HSA)


If you are enrolled in the High Deductible Health Plan, you can set aside pretax dollars to pay for qualified medical expenses. The HSA is individually owned and remains with you even if you leave the university.


Employer Contributions:

  • Employee only: $1,500/year
  • Employee +1: $2,500/year
  • Family: $3,000/year


2025 Maximum contribution amounts:

  • Individual account: $4,300
  • Family account: $8,550
  • Catch-up for 55 and older: $1,000

National University Contributions to the HSA

Employer contributions to the HSA are spread out across 24 paychecks (twice a month).

WEX Documents & Resources