Health FSA
A Health FSA is a spending account that you may use to pay for qualified medical, pharmacy, dental and vision expenses as defined in Publication 502 from the IRS. You can use funds on eligible expenses for you and your dependents.
You can access your Health FSA funds by using your MyChoice Accounts debit card to pay for eligible expenses, or by requesting reimbursement for eligible expenses you paid with your own money.
Health FSA Eligibility
You may elect to participate in the Health FSA if you are a general full-time employee (GFT) or part-time employee (PTE) on U.S. payroll. You can use your Health FSA for a broad range of healthcare expenses for you and your eligible dependents.
Limited Use Health FSA
The Limited Use Health FSA allows you to pay for eligible non-reimbursed dental and vision expenses. The Limited Use Health FSA is an optional benefit.
Limited Use Health FSA Eligibility
You must be enrolled in a High Deductible Health Plan and contribute to a Health Savings Account (HSA) in order to enroll in the Limited Use Health FSA. You can use the funds on eligible dental and vision expenses for you and your dependents.
Contributions & Limits
Because spending accounts reduce your tax burden, the IRS places certain restrictions on how much you can contribute each year. This amount may change from year to year to adjust for inflation.
2026 Health FSA/Limited Use Health FSA Limit: $3,300
Expenses you pay for with your Health FSA or Limited Use Health FSA funds are not eligible as itemized deductions on your federal tax form.
How does it work?
During your initial new hire or annual enrollment period, you can allocate an annual contribution amount based upon your estimated eligible expenses. Your contribution is divided by the total number of remaining pay periods to determine your paycheck deduction. Intel then deducts pre-tax contributions that are placed into your designated spending account.
Your Health FSA and Limited Use Health FSA funds are available upfront, before payroll deductions, so the money will be available when you need it, not as it is taken out of your paycheck. That means you have funds to pay for your healthcare needs even if you haven’t put the money in yet.
Eligible Expenses
The IRS determines what are considered eligible expenses, and Health FSA and Limited Purpose Health FSA funds may be used on any of these expenses. For a full listing of eligible expenses by account type, click here or the button below.
Use it or lose it
The Health FSA and Limited Use Health FSA Spending accounts contain a “use it or lose it” clause required by the IRS, meaning that if you don’t spend all the money you put in by the end of the year, it is forfeited. You don’t want that to happen, so figure out how much you’re likely to spend on eligible expenses and contribute just that amount to your spending account.
Carryover
Carryover is the amount of leftover funds you can carry into the next year. At Intel, Health FSAs and Limited Use Health FSAs allow a carryover up to $640 for 2025 balances and $660 for 2026 balances. Any balance over the carryover amount will be forfeited.
Run-out Period
This is how long you have to submit reimbursement claims for expenses incurred in the previous year. For example, if you had a procedure in late December that cost $1,000, you can still request reimbursement against the previous year’s fund, even though the new year has started. The run-out period ends May 31.