A Health Savings Account (HSA) is a tax-advantaged way to save and pay for eligible healthcare expenses—now and in the future. Funds you contribute are tax-free, grow tax-free, and can be used tax-free for qualified medical costs. Even better, your balance rolls over year to year, so you can build savings over time.

Why consider an HSA?

• Pay for eligible medical, dental, and vision expenses

• Lower your taxable income through pre-tax contributions

• Save for future healthcare needs, including retirement

Important reminders:

• You must re-enroll in your HSA every year during open enrollment.

• You must be enrolled in a High Deductible Health Plan (HDHP) to participate in an HSA.

• You can change your contribution amount at any time during the year by going to Workday and navigating to Benefits.

• Your HSA balance will rollover year to year

A Flexible Spending Account (FSA) lets you set aside pre-tax dollars to pay for eligible healthcare expenses, helping you save money on out-of-pocket costs throughout the year.

Why consider an FSA?

• Pay for eligible medical, dental, and vision expenses

• Reduce your taxable income with pre-tax contributions

• Access your full annual election amount at the beginning of the plan year, even before all contributions are deducted from your paycheck

Important reminders:

• You must re-enroll in your FSA every year during open enrollment.

• FSA funds are “use it or lose it.” Any funds not used by the applicable deadlines (including rollover rules below) will be forfeited.

• You are able to enroll in an FSA without being enrolled in our PPO or Surest plan. 

Rollover Provision

CLEAR’s FSA features a rollover provision:

• On March 31, unused funds in your account will roll over for use in the next plan year

• Unused funds are subject to the IRS maximum rollover limit each year:

  • 2025: Up to $660

  • 2026: Up to $680

• Funds will automatically roll over—no action is required

A Dependent Care FSA (DCFSA) allows you to set aside pre-tax dollars to pay for eligible dependent care expenses, such as daycare, preschool, after-school programs, or elder care—so you and your spouse can work or attend school.

Why consider a DCFSA?

• Pay for eligible dependent care expenses with pre-tax dollars

• Reduce your taxable income

• Help offset the cost of caring for children or dependent adults

Important reminders:

• You decide how much to contribute—up to $7,500 per year

  • If your spouse also has a DCFSA, your combined total may not exceed $7,500

  • If married and filing separately, each spouse may contribute up to $3,750

• You must re-enroll in your DCFSA every year during open enrollment.

• Funds are available as they are contributed throughout the year (unlike a healthcare FSA, the full amount is not available upfront)

• DCFSA funds are “use it or lose it.” Any unused funds after applicable deadlines will be forfeited

Grace Period Details:

• The DCFSA includes a grace period through March 15 of the following year for eligible expenses

• You have until March 31 to submit claims and receipts for reimbursement through Optum

• Example:
  For the 2025 plan year, expenses incurred between January 1, 2025, and March 15, 2026 are eligible for reimbursement from your 2025 DCFSA. All claims must be submitted and approved by Optum by March 31, 2026.