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Welcome to Optum Financial

We are pleased to be the benefits account administrator for the State of Wisconsin.

Claims Resource Center

Please note, payment cards will not be re-issued for 2024 IYC Open Enrollment

At the close of the plan year, any amounts remaining in a Health Care FSA or LPFSA in excess of $610,
and any amounts remaining in a Dependent Day Care Account, will be forfeited in accordance with current Plan provisions and tax laws.

As part of the Wisconsin Department of Employee Trust Funds (ETF) unsubstantiated claims recovery process, Health Care Flexible Spending Accounts (FSA) and Limited Purpose FSA participants with unsubstantiated claims between January 1, 2023 and December 31, 2023 will have funds recovered via payroll withholding during February and March 2024, if possible.

Please review the below resources as you look to substantiate your claims.

  1. Business Debt Appeals form
  2. Substantiation Requirements
  3. Unsubstantiated Recovery process Guide


2024 Contribution Limit

Carryover Limit

Health Care/Limited Purpose FSA

$3,050 per year


Dependent Day Care Account

$5,000 per year

$0; no money carries over

Health Savings Account

$4,150 per year for individual coverage


$8,300 per year for family coverage


Annual Catch-Up Contribution Limit: (Age 55-65 only) $1,000

Unlimited; all money carries over



Transit Account

$300 monthly

Unlimited; all money carries over

Parking Account

$300 monthly

Unlimited; all money carries over

*To automatically receive the balance carryover for FSAs, Parking Account, and Transit Account, you must have a balance of $50+ in your account on December 31, 2023 (or by the end of the run-out period), and no enrollment is required for 2024. Any balance less than $50 by the end of the run-out period requires a new election for the funds to be carried over. If there is not a new election made for remaining fund less than $50, the fund will be subject to forfeiture.

Getting Started

It’s easy to use your account. Here are resources to make it even easier:

Your Benefit Account Options

Gain a complete understanding of the financial side of health
We help you connect the worlds of health and finance in new ways because we believe that simpler, smarter health care savings and payments lead to better, more impactful care experiences.

Health Savings Account

An HSA is a tax-advantaged account that you can use for qualified medical expenses today or save for the future. This account is compatible with your High Deductible Health Plan (HDHP) and Access HDHP plan option.

Learn More

Health Care Flexible Spending Accounts

Health Care FSAs provide tax savings on your out-of-pocket health expenses. The Health Care FSA is compatible with the IYC Health Plan and Access Plan option. If you are on the High Deductible Health Plan (HDHP) and Access HDHP, you are eligible for a Limited Purpose Health Care FSA.

Learn More

Dependent Day Care Account

The Dependent Day Care Account is a welcome money saver for employees with child care or elder dependent care costs. It allows you to set aside pre-tax money for eligible dependent day care expenses so you can work.

Learn More

Commuter Benefits Program

Reduce your commuting expenses by taking advantage of Commuter Benefits. The IRS allows for certain work-related transit and parking expenses to be deducted from your paycheck on a pre-tax basis. Because you do not pay taxes on these expenses, you can SAVE BIG! 2021: UW Hospital and Clinics employees are not eligible for Transit or Parking Benefits.

Learn More

Optum Financial

At Optum Financial we’re entirely dedicated to improving people’s well-being and are passionate about the relationship between health and finances.

We’re focused on providing innovative solutions that help you connect your health and finances in new ways.

Have questions or need help?

You can get support 24/7 at 833-881-8158.