flexible spending accounts

flexible spending accounts (FSAs)

HealthEquity FSA plans

IMA offers healthcare, limited purpose and dependent daycare FSAs, through HealthEquity, to stretch your benefit dollars and offer real tax savings. You can set aside a portion of your before-tax earnings to pay for qualified expenses, reducing your taxable income and saving you money.

Each year, you must elect the annual amount you want to contribute to each account. Your contributions will be deducted pre-tax from your paycheck, which can help reduce your taxable income.

Important: Address changes must be updated directly with HealthEquity, as IMA’s integration does not transmit address updates.

What’s the difference between FSA and HSA?

	Healthcare FSA	Limited Purpose FSA	Dependent Care FSA	Health Savings Account
2026 Annual Limits	$3,400	$3,400	$7,500	$4,400 (Individual coverage) + $1,000 catch up if age 55 by 12/31/2026 $8,750 (Family coverage) + $1,000 catch up if age 55 by 12/31/2026
Must be enrolled in a Qualified HDHP
Can be paired with a Health Savings Account
Contributions are available on the plan effective date
Account is portable
Pre-Tax Contributions
Free Debit Card
Can be used to cover eligible medical expenses
Can be used to cover eligible dental and vision expenses
Can be used to cover dependent daycare expenses for children under the age of 13 and in-home care for an adult dependent who lives with you
Documentation required to substantiate the claim with Nuesynergy				Member must keep records for the IRS but the member is not required to send documentation to Nuesynergy
Unused dollars roll to the next plan year	90-day runout period applies Can roll over up to $680 of 2026 funds into 2027	90-day runout period applies Can roll over up to $680 of 2026 funds into 2027	90 day runout period applies
Enrolled in Medicare – Eligible to Contribute
Can be used to pay for Medicare premiums for Parts A, B, C, or D if you are 65 or older (Supplemental policies such as Medigap are excluded)

get to know the FSA rules

You may roll over up to $680 of unused funds from your Healthcare FSA or Limited Purpose Healthcare FSA to the next plan year (2026 limit).
You must re-enroll each year. Your current election does not carry over.
All expenses* must be incurred during the plan year: January 1 through December 31.
You have 90 days after the plan year ends on December 31 to submit claims for reimbursement.
Once you enroll in the FSA, you can only change your contribution amount if you experience a Qualified Family Status Change.
Each account functions separately. You cannot transfer funds from one FSA to another.

*Refer to IRS Publication 502 and 503 for a complete list of eligible expenses.

2026 Healthcare FSA $3,400 Limit	2026 Limited Purpose Healthcare FSA $3,400 Limit	2026 Dependent Care FSA $7,500 Limit per Family
Use for medical, dental and vision expenses Cannot be paired with an HSA Full amount available January 1	Use for dental and vision expenses only Can be paired with an HSA Full amount available January 1	Use for day care expenses for children under the age of 13 Use for in-home care for adult dependents who live with you Available for all benefits-eligible associates Can be paired with an HSA Can only use available balance

HealthEquity FSA plans

get to know the FSA rules

links

documents

contacts

HealthEquity