Pre-tax spending accounts, or FSAs, and Health Savings Accounts (HSAs) save you money because you can pay for eligible expenses with tax-free dollars!
Pre-tax spending accounts, or FSAs, and Health Savings Accounts (HSAs) save you money because you can pay for eligible expenses with tax-free dollars!
Optum Financial
CLEAR is partnered with Optum Financial, a one-stop shop, for all spending accounts and pre-tax commuter benefits. We offer the following pre-tax benefits to eligible team members:
Healthcare Flexible Spending Account (FSA)
Health Savings Account (HSA)
Limited Purpose Spending Account (LPFSA)
Dependent Care Flexible Spending Account (DCFSA)
Pre-tax transit
Pre-tax parking
Pre-Tax Spending Accounts Reference Chart
Healthcare Spending Accounts Comparison
Health Savings Account (HSA) Resources
Health Savings Account
A Health Savings Account (HSA) allows you to contribute pre-tax dollars to pay for qualified medical expenses. You can view the full list of eligible expenses here.
Important things to know:
You must re-enroll every year
You must be enrolled in a High Deductible Health Plan to participate.
Understand How Your HSA Works
OHC_OF_HSA_intro.pdfList of HSA Eligible Expenses
OHC_OF_HSA_Qualified_Med_Expenses.pdfHSA Trustee-to-Trustee Transfer Form
CYC_Trustee_to_Trustee_Transfer_Form (1).pdfFlexible Spending Account (FSA) & Rollover Information
Flexible Spending Account (FSA)
A Flexible Spending Account (FSA) allows you to contribute pre-tax dollars to pay for qualified medical expenses. You can view the full list of eligible expenses here.
Important things to know:
You must re-enroll every year
Rollover Provision
CLEAR's FSA no longer features the grace period. Instead, we have added a rollover provision to our plan. See below for details.
Here's how the rollover provisions works:
On March 31st unused funds* in your account rollover for use in the next plan year.
*Unused funds are subject to the max allowable rollover amount set by the IRS each plan year.
2023 IRS Rollover Limit: Up to $610 annually.
2024 IRS Rollover Limit: Up to $640 annually.
Funds will automatically rollover, no action is required on your end
If you switched from the CLEAR PPO or EPO to the HDHP for the new plan year, your prior year FSA funds will be rolled into a Limited Purpose FSA.
Understand How Your HSA Works
OHC_OF 20_FSA_Enrollment_Brochure.pdfList of FSA Eligible Expenses
FSA_Eligible_Expense_list.pdfHow to use your FSA
WF8196458 227440-032023_FSA Tips_FINAL_080423.pdfDependent Care Flexible Spending Account (DCFSA) Information
Dependent Care Flexible Spending Account
A Dependent Care Flexible Spending Account (DCFSA) allows you to contribute pre-tax dollars to pay for certain care expenses for qualifying dependents—children, a disabled spouse, or legally dependent parents. You can view the full list of eligible expenses here.
Important things to know:
You must re-enroll every year
You decide how much to contribute to your Dependent Care FSA—up to $5,000 per year. Note: If your spouse also has access to a Dependent Care FSA, your total combined contribution may not exceed $5,000. If you are married and file separate tax returns, each spouse may contribute $2,500.
Your plan year contribution will be deducted from your paycheck before federal, state, local and Social Security taxes are withheld.
Grace period - Claims incurred during the plan year through March 15 of the following year are eligible for reimbursement, and you will have until March 31 to submit all receipts and have claims approved by CYC.
Example: for the 2023 plan year, any claims incurred and paid by you from January 1, 2023 - March 15, 2024, are eligible to be reimbursed from your 2023 DCFSA. You must submit all receipts and have them approved by CYC by the claim submission deadline of March 31, 2024.
DCFSA FAQs
OHC_OF_DCAP_Digital_Brochure.pdfHow to Submit DCFSA Claims
hsa-user-guide-member-brochure 2022_Curtia Hunter-Richar (1).pdfTransit & Parking Information
Commuter Benefits
Through our partnership with Optum, you can pay for your parking and/or public transit expenses with pre-tax dollars. You can opt-in or out of this benefit at any time before the monthly order deadline, which falls on the 10th of every month. For example, if you are looking to place or cancel your commuter order for the month of June, the deadline to do so would be May 10th. Visit this page to learn more
Login to Optum to manage this benefit.
Payroll deductions will generally occur on the first pay date of the month.
If you are paid semi-monthly, payroll deductions will always occur on the 15th of the benefit month (i.e. June orders will be taken out of your June 15 paycheck)
If you are paid biweekly, payroll deductions will vary slightly but generally fall on the first or second Friday of the month, whichever coincides with payday
IRS Monthly Contribution Limits:
Parking: $315 per month
Public Transit: $315 per month
Commuter FAQs
OHC_OF_Commuter_Benefits_Digital_Brochure.pdfHow to Enroll
How to Enroll in Optum Commuter Benefits.pdf