Flexible Spending Accounts (FSAs)

Keep more money in your wallet

Flexible Spending Accounts (FSAs) allow you to use before-tax dollars to pay for certain healthcare and dependent day care expenses. Siemens Healthineers offers two separate accounts:

Healthcare FSA, which you can use to pay for eligible healthcare expenses.
Dependent Day Care FSA, which you can use to pay for eligible dependent day care expenses for children under age 13, parents, grandparents or a disabled spouse.

Keep in mind

If you’re enrolled in the Health Savings Medical Plan, you can’t contribute to a regular Healthcare FSA, but you can use a Limited-Use FSA to help cover dental and vision costs.
If you’re enrolled in the Health Reimbursement Copay Advantage Plan, use your HRA first for eligible medical costs like your copay, deductible, and coinsurance. Once your HRA is exhausted, you can use your Healthcare FSA for the remaining medical expenses. You can also use your FSA anytime for things the HRA doesn’t cover—like prescriptions, dental costs, and vision costs.

How the FSAs work

Flexible Spending Accounts (FSAs) allow you to use before-tax dollars for certain healthcare and dependent day care expenses. You get the benefit of lowering your taxable income when you contribute to these accounts. Siemens Healthineers offers two separate accounts.

Healthcare FSA (HCFSA)

You can use the Healthcare FSA to pay for eligible healthcare expenses. You can contribute between $120 and $3,400 in 2026. There are two types of Healthcare FSAs:

Healthcare FSA, which is available to participants in the Health Reimbursement, Cigna International, Kaiser, and HMSA Medical Plan options or if you elect no coverage.
Limited-Use Healthcare FSA, which is available to participants in the Health Savings Medical Plan. You can be reimbursed for eligible dental and vision expenses not covered by the plan. Medical, prescription drug, and eligible over-the-counter medication expenses can be paid with money in your Health Savings Account (HSA).

Healthcare FSA eligible expenses include:

Medical and dental plan deductibles, coinsurance and copayments
Vision care expenses
Expenses over Reasonable and Customary or Maximum Allowed Amounts that are not reimbursed by medical or dental insurance
Prescription drug expenses and eligible over-the-counter medications

Dependent Day Care FSA

You can use the Dependent Day Care FSA to pay for eligible dependent day care expenses. An eligible dependent includes children up to the age of 13, parents, grandparents, or a disabled spouse. You can contribute up to $7,500 ($3,750 if you are married and file separate tax returns). Highly compensated employees (HCE) may be limited to a maximum contribution and will be notified accordingly.

Eligible expenses include:

Fees for day care services for your eligible children up to age 13, parents, grandparents, or a disabled spouse, provided by individuals or a day care center inside or outside your home
Costs for a housekeeper if a portion of the services provided are for dependent day care
Costs for pre-school or summer day camp

More information

For a complete list of eligible expenses under the Healthcare and Dependent Day Care FSAs, visit the Internal Revenue Service (IRS) website or call 800-TAX-FORM (800-829-3676).

How to Use Your FSA Funds

When you enroll in the Healthcare FSA, HealthEquity sends you a debit card automatically.
You can request extra cards for family members at no cost.
Manage your account anytime at healthequity.com/wageworks.
Keep your receipts! The IRS requires HealthEquity to confirm that your purchases are eligible.
If a purchase needs verification, you’ll see a notice in your account.
You’ll have 90 days to verify the expense—otherwise, your card may be suspended.

	Healthcare FSA or Limited-Use Healthcare FSA	Dependent Day Care FSA
Using your funds	Use your HealthEquity debit card to pay for eligible healthcare expenses or submit a claim form and receive reimbursement.¹	Submit a claim form, along with your receipts.
Maximum reimbursement	The amount you chose to contribute for the year, minus any reimbursements you’ve already received.	When you submit a claim, you’ll be reimbursed up to your current FSA balance. If your claim is more than what’s in your account, you’ll get reimbursed as more funds are added throughout the year.
2025 deadlines	You can use your 2025 FSA funds for expenses through December 31, 2025. Up to $660 will roll over into 2026—anything over that is forfeited. You have until May 31, 2026, to submit claims for 2025 expenses.	You can use your 2025 FSA for eligible expenses through March 15, 2026. Any unused funds after that date are forfeited. You have until May 31, 2026, to submit your claims to HealthEquity.
2026 deadlines	You can use your 2026 FSA funds for expenses through December 31, 2026. Up to $680 will roll over into 2027²—anything over that is forfeited. You have until May 31, 2027, to submit claims for 2026 expenses.	You can use your 2026 FSA for eligible expenses through March 15, 2027. Any unused funds after that date are forfeited. You have until May 31, 2027, to submit your claims to HealthEquity.

Be sure to keep all your receipts in case your expense requires verification that it is an eligible expense.
Rollover maximum is subject to change each year.

Access your FSAs online

Be sure to visit the HealthEquity website for your account balances, notification if proof of an expense is required, and to request additional debit cards at no cost.

Use your money—don’t lose it

The IRS requires that any money in your FSA that can’t be carried over to the following year must be forfeited at the end of the plan year. Carryover amounts for Healthcare FSA for the plan year 2026 is $680, respectively. Be sure to carefully estimate what your healthcare and/or dependent day care expenses will be for the year when determining your annual contribution amounts.

Please note: New hires cannot participate in the FSAs if they are hired on or after October 1.