A Medical FSA allows employees to use pre-tax income for out-of-pocket medical, dental, and vision expenses not covered by insurance, such as co-pays, deductibles, and eyeglasses. The IRS sets annual contribution and carryover limits, which you can find in the current Benefits Guide on the Benefits & Wellness myBucknell page.

The full amount is available at the start of the plan year. Unlike traditional "use-it-or-lose-it" accounts, the Medical FSA includes a carryover provision, allowing you to roll over a limited amount of unused funds into the next plan year. Any funds above this limit are forfeited. Claims for eligible dependent care expenses must be filed within 90 days following the close of the plan year or 180 days following termination of employment, if earlier. 

The Medical FSA may be used in conjunction with health plans other than a High-Deductible Health Plan (HDHP), such as the Consumer Driven Health Plan (CDHP). You can participate even if not enrolled in the University's medical/dental/vision plans.

You must re-enroll and elect your contribution amount each year during open enrollment. Choose your amount carefully, as changes are generally only permitted with a qualifying life event.

For general information about Medical FSAs, explore our Benefits Video Library and check out the 'How to Optimize Your FSA' video.

ABOVE CONTENT LAST REVIEWED AND UPDATED FOR COMPLETENESS AND ACCURACY JULY 11, 2025.