Flexible Spending Accounts
Communication Updates:
Effective January 1, 2023, UVA’s benefit savings account administrator is Fidelity. This includes the Health Savings Account (HSA) and Flexible Spending Account (FSA). View this webpage for details about the transition, including timeline and your options to transfer current HSA assets to Fidelity or leave existing HSA assets with Chard Snyder. Please pay attention to emails you receive from both UVA HR and Fidelity, as you may be required to take important action.
Overview
To help UVA employees maximize their money for medical, pharmacy, dental, vision, and dependent-care expenses, the University has two options: Flexible Spending Accounts (FSAs) and Dependent Daycare Reimbursement Accounts.
- The Health Care FSA can be used to pay medical, pharmacy, dental and vision expenses
- The Dependent Care Account FSA can be used to pay dependent care expenses
FSAs make it possible for you to pay for certain expenses on a pre-tax basis.
All Health Plan participants may have some form of an FSA, but Basic Health participants may only have a Limited FSA for eligible dental and vision expenses.
UVA FSAs, including Dependent Daycare Reimbursement Accounts, are managed by Fidelity. Any reimbursements you receive from Fidelity must be deposited directly into your personal checking or savings account. FSAs for new hires and those newly eligible for an FSA are effective on the first of the month following the submission of the enrollment request in Workday.