Flexible Spending Accounts (FSA)

Getting started with your IU flexible spending account (FSA)

Indiana University’s healthcare FSA, administered by WEX, offers a simple, tax-efficient way to cover eligible healthcare and dependent care expenses. Your contributions are made through pre-tax payroll deductions, reducing your taxable income and saving you money—free from federal, state, local, and FICA taxes.

Unlike HSAs, healthcare FSAs don’t require enrollment in a high-deductible health plan. Dependent care FSAs work similarly but are designed to cover eligible expenses for qualifying dependents, such as children under 13 or dependent adults.

With tax savings and no administrative fees—covered entirely by IU—FSAs are a smart way to manage your expenses while keeping more money in your pocket.

FSA plan summary

Set up your WEX account and direct deposit

It is critical that you set up an account and authorize WEX to direct deposit reimbursements from your healthcare FSA into your bank account. To get started, visit the HSA/FSA web portal, where you can find out how to submit your bank account information online or by mail.

For assistance, contact WEX at +1-800-284-8412 or IUSupport@wexinc.com.

Access the HSA/FSA web portal at WEX

Eligibility

Full-time appointed staff, academic employees and residents are eligible to use each FSA classification:

  • Pre-tax premium conversion
  • Healthcare FSA
  • Dependent care FSA

Helpful resources

FSA plan booklet

A comprehensive overview of all FSAs offered by IU

Dependent care worksheet

Use this sheet to calculate how much to allocate to your FSA

WEX login instructions

Get help setting up your WEX online and mobile accounts

Healthcare FSA

The healthcare FSA allows you to be reimbursed for eligible out-of-pocket expenses—like medical, prescription, vision, hearing, and dental costs—that insurance doesn’t cover for you, your spouse, and your dependents.

If you also have a health savings account (HSA), your reimbursements are limited to vision and dental expenses, plus medical costs after you’ve met your deductible.

The annual per person contribution limit is $3,200 for 2025 (IU spouses can each have their own healthcare FSA with a $3,200 contribution per person). There is no minimum contribution requirement.

At the end of the plan year, up to $640 (2025) of unused funds will be rolled over into a new account for use towards eligible healthcare expenses in the following plan year.

If you enroll during open enrollment your entire annual pledge will be available for reimbursement on January 1. If you make mid-year elections as a new hire or because of life event changes, your funds will become available by your second paycheck.

IRS-qualified health expenses include items such as:

  • Insurance copays, coinsurance, and deductibles
  • Weight loss programs
  • Prescriptions
  • Dental care and orthodontia

View more qualified healthcare expenses

All claims for the year must be incurred between January 1 (or the initial date of eligibility) and December 31. Claims have to be submitted to WEX no later than February 28 of the following year. February 28 is also when any remaining funds in excess of the rollover amount become forfeited. Click the link to learn how to file a claim online or using paper.

View claim filing instructionsPaper claim form