Flexible Spending Account
People and Culture Employee Resources Benefits Benefits Offered
People and Culture
- Home
- Open Enrollment
- Health Insurance
- Nice Healthcare
- Flexible Spending and Health Savings Accounts
- Dental Insurance
- Vision Insurance
- Life Insurance
- Accident Insurance
- Hospital Indemnity Insurance
- Critical Illness Insurance
- Identity Theft, Device Security, and Online Privacy
- Retirement
- Employee Resources
- Benefits
- Benefits Offered
- Accident Insurance
- Critical Illness Insurance
- Dental Insurance
- Employee Assistance Program
- Flexible Spending Account
- Health Insurance
- Health Savings Account
- Hospital Indemnity Insurance
- Identity Theft, Device Security, and Online Privacy
- Life Insurance
- Nice Healthcare
- Paid Leave
- Retirement Program
- Short-Term & Long-Term Disability Benefits
- Tuition Benefit
- Vision Insurance
- Employee Discounts and Perks
- Frequently Asked Questions
- Holiday and Gift Day Schedule
- Employee Life Cycle Resources
- Onboarding
- Connection and Well-being
- Professional Development
- Recognition
- Internal Job Transfers
- Departing Bethel
- Employee Handbook
- Employment Law
- Employment Verification
- Payroll
- Supervisor Resources
- Recruitment
- Developing Employees
- Building Teams
- Performance Management
- Supporting University’s Mission and Vision
- Managing Departures from Bethel
- Student Employment
- Forms
- Complaints and Concerns
- Reporting a Complaint or Concern
- Nondiscrimination and Harassment
- Sexual Misconduct and Sexual Harassment (Title IX)
- Training
- Frequently Asked Questions
- Contact Us
Under Bethel's Flexible Benefits Plan (FLEX), you may elect to have a portion of your pay set aside before taxes are deducted. These funds can be applied to your share of life and/or health insurance premiums or contributed to Health Care and/or Dependent Care Reimbursement Accounts. These amounts are not subject to federal, state income, or Social Security taxes.
Bethel's flexible spending account (FSA) provider
Optum
Customer service number: 800.243.5543
optumbank.com
Health Care FSA maximum and rollover
The maximum annual amount allowed for Health Care FSAs is $3,200 in 2024, with an annual rollover amount of $640.
The maximum annual amount allowed for Health Care FSAs will increase to $3,300 in 2025, with an annual rollover amount of $660.
Dependent Care FSA maximum and rollover
The maximum salary-reduction limit will remain $5,000 (or $2,500 for married couples filing separately) for 2024 and 2025. Note that adjustments to other general tax limits and child tax credit limits can affect federal tax savings under a Dependent Care account. There is no carryover of dollars from year to year.
Limited Purpose FSA maximum and rollover
The maximum annual amount allowed for Limited Purpose FSAs is $3,200 in 2024, with an annual rollover amount of $640.
The maximum annual amount allowed for Limited Purpose FSAs will increase to $3,300 in 2025, with an annual rollover amount of $660.
If you are enrolled in the High Deductible Health Plan (HDHP) along with a Health Savings Account (HSA), you may participate in a Limited Purpose FSA (LPFSA). A Limited Purpose FSA allows you to pay for eligible out-of-pocket dental and vision expenses with pre-tax dollars. This account is designed to complement an HSA, which you can use to pay for general medical expenses.
Flexible spending account documents
- Optum FSA Quick Guide (pdf)
- Optum FSA Eligible Expenses (pdf)
- Optum FSA Dependent Care Eligible Expenses (pdf)
- Learn About FSAs (pdf)
Your Optum account
What can you do through your online Optum portal?
- Manage your HSA
- Manage your FSA
- Make deposits
- Pay bills
- Manage your investment activity
- Reimburse yourself