An FSA allows you to set aside your pre-tax income for healthcare and/or dependent daycare expenses. As you incur healthcare and/or dependent daycare expenses throughout the year, you may submit a claim for those expenses to get reimbursed with the tax-free dollars from your FSA account.
The university offers two types of Flexible Spending Accounts (FSA): a Health Care Account and a Dependent Day Care Account. These accounts are managed by ConnectYourCare.
HSA Medical Insurance and Health Care FSA
An employee who enrolls in the HSA medical insurance plan CANNOT also participate in the Health Care FSA.