1. Log into myUK.
2. Choose your reason for enrolling (usually Open Enrollment or New Hire).
3. Enter the amount you would like to deposit into your FSA.
Flexible spending accounts (FSA)
Set aside money tax free to pay for planned health, child and dependent care expenses.As of July 1, UK's new vendor for flexible spending accounts is HealthEquity.
We anticipate new FSA cards will be available later in July.
For any FSA-eligible expenses since July 1, you may submit a claim form to HealthEquity for reimbursement:
Instructions on how to access your online account with HealthEquity for the first time are also available:
Want to save on upcoming health and childcare costs?
Directing your money into a Flexible Spending Account lowers your taxable income
If you know you’ll spend money on your health and care for your dependents, an FSA might help you save. You can sign up for or change an FSA each year during benefits open enrollment, or within 30 days of starting employment at UK.
Watch this two-minute video on how to use an FSA
How an FSA helps you save money
You receive your paycheck with income taxes taken out. A flexible spending account allows you to set aside a portion of your paycheck tax free in a dedicated account.
For example, if you’re taxed at 30% and you choose to direct $1,000 from your paycheck into your FSA instead of your bank account, you’ll save $300 on taxes.
Claims prior to July 1, 2026
If you have a claim for an eligible expense incurred between July, 1, 2025, and June 30, 2026, continue to submit documentation to TASC. You must provide documentation for those claims by Sept. 30, 2026. Otherwise, you may be taxed on your FSA funds.
Health Equity
HealthEquity is UK's vendor for flexible spending accounts.
If you have an eligible healthcare or dependent care expense since July 1, you may submit a claim form to HealthEquity to be reimbursed.
Instructions on how to access your online account with HealthEquity for the first time are also available:
You’ll save only if you have known upcoming expenses considered FSA-eligible
As a first step, see if the types of purchases you plan to make are FSA-eligible. FSAs cover childcare, elder care, healthcare services and items.
25%
Average tax savings on each dollar deposited
+5
More dependent care categories
80+
Health services and items are eligible
The full list of eligible expenses is available from our FSA benefits manager, HealthEquity, but these are examples of common eligible purchases.
The full list of eligible expenses will be available from our FSA benefits manager, HealthEquity. These are common eligible purchases.
Health care
- Acupuncture
- Birth control pills
- Chiropractic care
- Contact lenses and related materials
- Crutches
- Fertility treatment
- Radon mitigation (with a letter of medical necessity and the appropriate diagnostic code)
- Laser eye surgery
- Over-the-counter (OTC) health items
- Dental care including cleanings, fillings and crowns
- Eyeglasses
- Prescription sunglasses
- Hearing aids
Child and dependent care
Three most common categories:
- Care for a child under age 13 at a daycare, camp, nursery school or a private sitter
- Elder care for an incapacitated adult who lives with you at least eight hours a day
- Expenses for pre-school and after-school childcare (costs billed as tuition are not eligible)
Three types of FSAs and how they work
Choose one or more FSA based on what you’ll buy and your insurance
After you review the eligible expenses and estimate your savings, you’ll know whether an FSA makes sense for you in the year ahead. If you’re ready to start or continue an FSA, here’s an overview of the three account types you could select.
All three FSA options are managed by HealthEquity and have a $250 minimum deposit, but each has different eligible expenses and deposit limits. You can participate in more than one if you’d like.
FSA for dependent care
Deposit up to $7,500 per household to spend on eligible child care and elder care expenses each year.
FSA for healthcare
For the plan year beginning July 1, 2026, deposit up to $3,400 to spend on eligible medical expenses each year.
Limited health FSA with Saver health insurance
Because Saver insurance includes a health savings account (HSA), the optional health FSA is limited to eligible expenses in the dental and vision categories. Deposit up to $3,400.
All three FSAs run on our fiscal year July 1 - June 30
Your deposit goes on a debit card valid for the year
FSAs are designed for you to spend the funds you saved within the same fiscal year by June 30.
No funds will roll over for dependent care, but up to $680 will roll over for the healthcare and limited purpose FSAs.
Every year, it’s up to you to make a new deposit or not
You will not be automatically re-enrolled in your FSA each year. If you choose to continue, you’ll need to enroll during benefits open enrollment and select the exact amount you wish to deposit.
We’ll share updates about deposit limits every year during open enrollment.
Check enrollment in myUK
Check your FSA balance
Watch for more information soon on how to contact HealthEquity about your FSA.
Financial well-being benefits
Flexible spending accounts are available to most regular (non-STEPS) employees. If your status is less than full time, review our eligibility details.
Contact our office
Monday-Friday from 7:30 a.m. to 5 p.m.
(859) 257-9519 option 3
benefits@uky.edu
106 Bosworth Hall