Savings and Spending Accounts (FSA/HSA)
Information on these pages serve as an overview of health benefits that UF provides employees; however, not all employees are eligible for all benefits plans.
Visit Benefits Eligibility to view available coverage options for your role at UF.
The state offers eligible full-time and part-time employees reimbursement accounts that can provide a tax break on predictable out-of-pocket costs.
- Flexible Spending Account (FSA): Contribute pre-tax money on each paycheck for eligible expenses. Healthcare and dependent care FSAs are available with different annual maximums and rollover amounts.
- Health Savings Account (HSA): Available only to members of a high-deductible health plan. The state contributes pre-tax money to an employee’s account on each paycheck. Employee pre-tax contributions are optional. All funds will roll over from year to year and remain available even after the end of employment.
Benefits
- Save on taxes by using the Reimbursement Accounts for eligible expenses.
- Enjoy the flexibility to pay for medical, dependent care, and transit expenses with pre-tax dollars.
- Reduce your taxable income, resulting in potential tax savings.
How It Works
- Enroll in the Reimbursement Accounts during the annual Open Enrollment period or your new hire enrollment.
- Decide how much money to contribute to each account based on your estimated expenses for the year.
- Use the funds from the accounts to pay for eligible expenses throughout the year.
- Save your receipts and documentation for eligible expenses as required.
- Enjoy the tax benefits and potential savings!