Spending accounts let you set aside money before taxes to pay for eligible expenses — lowering your taxable income and stretching your dollars further. Two accounts are available: a Health Savings Account (HSA) for eligible medical, dental, and vision costs, and a Dependent Care FSA for eligible child- and dependent-care costs.
Spending Accounts
Your account options.
Health Savings Account (HSA)
Pre-tax savings for medical, dental & vision expensesAn HSA lets you pay for eligible health care expenses with pre-tax dollars. It’s available when you enroll in the qualifying High Deductible Health Plan. Unlike an FSA, the money is yours to keep — it rolls over year to year, earns interest, and goes with you if you leave.
- Eligibility
- Must be enrolled in the qualifying High Deductible Health Plan
- Rollover
- Unused funds roll over every year — no use-it-or-lose-it
- Tax treatment
- Contributions, growth, and qualified withdrawals are all tax-free
- 2026 contribution limit
- $4,400 self-only / $8,750 family (+$1,000 if age 55+)
BMO HSA, administered by Lively
Dependent Care FSA (DCFSA)
Pre-tax savings for child & dependent careA Dependent Care FSA lets you use pre-tax dollars for eligible dependent-care expenses — such as daycare, before- and after-school care, or elder care — that let you (and your spouse) work. Plan your election carefully: unlike an HSA, unused funds do not roll over.
- Eligible expenses
- Daycare, preschool, before/after-school care, and elder care so you can work
- Rollover
- Use-it-or-lose-it — funds left at year end are forfeited
- Tax treatment
- Contributions are made pre-tax, lowering your taxable income
- 2026 contribution limit
- $5,000 per household ($2,500 if married filing separately)
Questions about your account?
The Trust administrator can help with enrollment, contributions, and general questions.