Syracuse University offers eligible employees the opportunity to contribute pre-tax dollars to health care and dependent care FSAs administered by HealthEquity.
The health care FSA can be used to pay for eligible health care expenses such as copays, deductibles, prescription drugs and over-the-counter medications, dental exams and treatment, eyeglasses and contact lenses. If you elect a health care FSA, you can spend the funds on expenses for yourself, your spouse and your children, or other individuals that you claim as dependents on your tax return. Neither you nor your family members need to be enrolled in the Syracuse University health plan, or even enrolled in the same health plan.
The dependent care FSA can be used to pay for daycare and related expenses for a dependent child or adult so that you and your spouse/domestic partner can work or attend school.
It is important to note that under federal regulations, FSA elections do not continue into the next calendar year unless you take action during each year’s Open Enrollment period.
Maximum Contributions
For calendar year 2024, the maximum amount you can contribute is $3,200 to a health care FSA and $5,000 per household to a dependent care FSA.
For calendar year 2025, the maximum amount you can contribute is $3,300 to a health care FSA and $5,000 per household to a dependent care FSA.
Carryover of Unused Funds
For calendar year 2024, the amount you will be eligible to carry over to 2025 is $640.
For calendar year 2025, the amount you will be eligible to carry over to 2026 is $660.
There is no carryover of unused funds for the dependent care FSA.
Filing a Claim
The deadline to submit claims for expenses incurred during the plan year, which runs from Jan. 1 (or your enrollment date, if later) through Dec. 31, generally is April 30 of the following plan year. If you have specific questions about the deadline for submitting FSA claims, please contact HealthEquity at 877.924.3967 (TTY: 866.353.8058).
Changing Your Election
Typically, you can make your elections when you first become benefits-eligible, during a qualified family status change, or during Open Enrollment each year. If you are eligible to reduce your health care FSA contribution, the reduced contribution must be no less than the claims that have already been reimbursed or approved for reimbursement.
Contact HealthEquity at 877.924.3967 (TTY: 866.353.8058) should you have any questions on these benefits. Should you require accommodations to access any information on this webpage, please reach out to HR Shared Services at 315.443.4042.
Types of Flexible Spending Accounts
Helpful Links
- Searchable List of Eligible Health Care Expenses
- Searchable List of Eligible Dependent Care Expenses
- Health Care FSA Calculator
- Dependent Care FSA Calculator
- Letter of Medical Necessity [PDF]
- Health Care FSA Paper Claim Form [PDF]
- Dependent Care FSA Paper Claim Form [PDF]
Every effort has been made to ensure that the information contained within this website is accurate. However, benefits are governed by legal documents (which, in certain circumstances, may include insurance contracts). If there is any difference between the information in this website and the official documents, the official documents will control. As is the case with all of Syracuse University’s employee benefit plans, the University reserves the right to modify or terminate these benefits at any time.