GW Health Care Flexible Spending Account (HCFSA)

If you participate in the GW HSP but are not eligible for an HSA, you will have the opportunity to elect the GW Health Care Flexible Spending Account (HCFSA). FSAs save you money by allowing you to use pre-tax dollars to pay for qualifying expenses. When you set aside some of your salary into an FSA, the contributions are not subject to federal, state, local or FICA taxes.

Health Care FSA:

For 2025, you can contribute up to $3,200 for eligible expenses not covered by insurance:

• Health expenses
• Prescription expenses
• Dental expenses
• Vision expenses

These expenses can be for you or your eligible tax dependents, whether or not they are covered under a GW health plan. You can pay for expenses using the FSA debit card or submit a claim online and be reimbursed. Your full annual election is available to use as of the beginning of the plan year.

The Health Care FSA option does not roll over and requires you to re-enroll each year.