What you need to know
With the healthcare FSA, you can set aside money from your paycheck to use for doctor visits, prescriptions, dental care, vision care, and other eligible healthcare expenses.
Your contributions go into your account pretax. This allows you to pay for these expenses with tax-free dollars and reduces your taxable income.
You do not need to enroll in a Sandia medical plan to participate in the healthcare FSA.
Enrollment and Contributions
You can contribute $100 to $2,750 each year to your healthcare FSA.
You need to enroll each year, during annual Open Enrollment. You also have the opportunity to enroll as a new hire during your benefits enrollment window.
Sandia does not contribute to your FSA account.
Using Your FSA Balance
Sandia works with our medical plan vendors to administer your FSA; check out the details through HR Solutions:
- BCBSNM plan participants (BCBSNM manages your account with Connect Your Care)
- UnitedHealthcare plan participants
- Kaiser Permanente plan participants
Note that Sandia will follow federal and IRS guidelines if deadlines are extended due to the COVID-19 pandemic. However, we do not expect that a mid-year FSA enrollment period will be offered during 2021 due to COVID-19.
More about the FSA
If you are not enrolled in a Sandia medical plan, you can contribute to the healthcare FSA! Your account is administered by PayFlex.
Your total contribution election is available on January 1, and you can use your FSA balance as soon as you incur an eligible expense.
Your account comes with a debit card, which makes it easy to pay for eligible services.
Be sure to keep your receipts as you may be required to substantiate your claims.
With the FSA, “Carryover Provision” applies
You’ll be able to carry up to $550 in unused FSA funds into the next calendar year, and use that money all year. You’ll forfeit any unused balance above $550 on Jan. 1.
You can choose to contribute the IRS maximum (currently $2,750 per year), even if you’re carrying over money from the current year. And your full FSA election for the upcoming year—including any amount you carry over from the current year—will be available on Jan. 1.
Contacts and Resources
BCBSNM: ConnectYourCare
866-808-1444
www.connectyourcare.com
BCBSNM Apps
UnitedHealthcare
877-835-9855
www.myuhc.com
Kaiser Permanente
800-464-4000
kp.org/healthpayment
PayFlex
844-729-3539
www.payflex.com
PayFlex Apps
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Quick Tip
An account for dependent day care expenses, too
With Sandia’s dependent care flexible spending account , you can set aside $100 to $5,000 each year, tax-free, to help pay for things like before-school programs, nanny care, and elder care expenses.