Flexible Spending Accounts
Open Enrollment is now closed. If you have questions about your benefits or would like to make changes to your benefits due to a qualified life event, please contact the HR Solution Center at AskHR@virginia.edu.
The Flexible Spending Account (FSA) and Limited FSA offered by the University help UVA employees financially prepare for medical, pharmacy, dental and vision expenses.
A Dependent Care Reimbursement Account can be used for eligible expenses incurred by children under the age of 13 for daycare costs to be paid on a pre-tax basis or for daycare of a spouse or dependent that are unable to take care of themselves due to disability.
Takeaways
FSA minimum ($120) and maximum ($2,500 for Full or Limited FSA, $5,000 for DCA) contribution amounts remain the same for 2024 as they were for 2023.
2023 elections for FSAs will NOT carry over to 2024. You must re-elect the FSA in Workday during Open Enrollment. If you do not, you will not have access to an FSA in 2024.