The university offers two types of Flexible Spending Accounts (FSA): a Health Care Account and a Dependent Day Care Account. These accounts are managed by Optum Financial (formerly ConnectYourCare). Reminder: Any money left at the end of the FSA period cannot be refunded in accordance with federal law.
If your spouse's employer offers flexible spending accounts, you and your spouse may both allocate the IRS maximum amount to each of your Health Care FSAs and a combined IRS maximum amount to your Dependent Day Care FSAs. This includes spouses who both work for OU.