Flexible Spending Accounts

West Virginia University (WVU) offers benefits-eligible employees multiple types of flexible spending accounts (FSA). These accounts let employees pay for eligible healthcare and dependent care expenses with tax-free money. The WVU plan year for these accounts runs July 1 through June 30.

Healthcare Flexible Spending Account

Provider: Inspira Financial

The Healthcare FSA is now administered by Inspira Financial (previously PayFlex).

Employees who have a prior account with PayFlex the login username and password will still work with Inspira. Current PayFlex cards also will still work until the card expires, at which time will be replaced by Inspira. If you have discarded or lost your FSA Card, please contact Inspira at 1-844-729-3539.

• Eligible expenses: Medical expenses that may not be covered by your insurance plan, incurred by you, your spouse, a qualifying relative or child.
• Minimum annual contribution amount: $150.
• Maximum annual contribution amount: $3,200.
  • Full contribution amount for the fiscal year is available at the beginning of the plan year, July 1.
  • Grace period of 120 days after plan year ends.
• Contributions: Contributions are calculated by total contribution amount for the plan year divided by amount of pays. Contributions are payroll deducted pre-tax.
• How it works: Employee uses Inspira debit card to pay for eligible expenses or files a claim for reimbursement (direct deposit available).
• Enrollment: Employees may enroll the month of hire or during the two following months or during the annual open enrollment period.
  • To enroll, complete the Mountaineer Flexible Benefits enrollment form or reach out to WVU Shared Services at SharedServices@mail.wvu.edu or 304-293-6006.
  • Health care spending accounts can only be changed or cancelled during the annual open enrollment period or at the time of a qualifying life event.
• Additional Resources:
  • For complete plan details and information visit the Mountaineer Flexible Benefits Resource Guide.
  • Get started with Inspira Financial.
  • IRS Contribution Limits

Dependent Care Flexible Spending Account

Provider: Inspira Financial

• Eligible expenses: Dependent care expenses, such as: babysitting fees, before and after school care, nursery and preschool costs, and elder care services.
• Eligible dependents: Dependent children up to age 13 or spouse and/or relative unable to care for themself.
• Minimum annual contribution amount: $150/year.
• Maximum annual contribution amount: Depends on tax filing status.
  • Contributions accumulate per pay and are not all available at the beginning of the year, July 1.
  • There is no grace period for the dependent care flexible spending account. Funds must be used by June 30.
• How it works: Employee pays for services, and requests reimbursement from their account. Can only be reimbursed for the amount that is available in account at the time of reimbursement request. After the play year ends June 30, you have 120 days to submit claims.
• Contributions: Contributions are calculated by total contribution amount for the year divided by amount of pays. Contributions are payroll deducted pre-tax.
• Enrollment: Employees may enroll the month of hire or during the two following months or during the annual open enrollment period.
  • To enroll, complete the Mountaineer Flexible Benefits enrollment form or reach out to WVU Shared Services at SharedServices@mail.wvu.edu or 304-293-6006.
  • Dependent care spending accounts can only be changed or cancelled during the annual open enrollment period or at the time of a qualifying life event.
• Additional Resources:
  • For complete plan details and information visit the Mountaineer Flexible Benefits Resource Guide.
  • Get started with Inspira Financial.
  • IRS Contribution Limits

Limited Healthcare Flexible Spending Account

Provider: Inspira Financial

• Prerequisite: must be enrolled in a Health Savings Account (HSA). 
• Eligible expenses: Dental and vision expenses only for employee, spouse, qualifying child or relative.
• Minimum annual contribution amount: IRS Contribution Limits
• Maximum annual contribution amount: IRS Contribution Limits
  • Full contribution amount for the fiscal year is available at the beginning of the plan year, July 1.
  • Grace period of 120 days after plan year ends.
• Contributions: Contributions are calculated by total contribution amount for the plan year divided by amount of pays. Contributions are payroll deducted pre-tax.
• How it works: Employee uses Inspira debit card to pay for eligible expenses or files a claim for reimbursement (direct deposit available).
• The advantages: Designed specifically for employees who wish to take advantage of an HSA while continuing to enjoy the tax savings expected from an FSA.
• Enrollment: Employees may enroll the month of hire or during the two following months or during the annual open enrollment period.
  • To enroll, complete the Mountaineer Flexible Benefits enrollment form or reach out to WVU Shared Services at SharedServices@mail.wvu.edu or 304-293-6006.
  • Health care spending accounts can only be cancelled during the annual open enrollment period or at the time of a qualifying life event.
• Additional Resources:
  • For complete plan details and premium information visit the Mountaineer Flexible Benefits Resource Guide.
  • Get started with Inspira Financial.