Flexible Spending Accounts (FSA)

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Flexible Spending Accounts (FSA)

With Ulta Beauty’s FSA program, you can set aside tax-free dollars to pay for eligible health care and dependent care expense. The FSA plan year runs from September 1 through August 31.

2025-2026 Healthcare FSA Plan year

September 1, 2025 - August 31, 2026

You have until November 15, 2026 to incur eligible expenses and until November 30, 2026 to submit claims for reimbursement. Any unused funds remaining after November 30, 2026 will be forfeited.

2026–2027 Healthcare FSA Plan Year

September 1, 2026 – August 31, 2027

You have until August 31, 2027 to incur eligible expenses. Beginning September 1, 2027, up to $680* of unused Health Care FSA funds may carry over into the 2027–2028 plan year. Any unused amount above the allowable carryover will be forfeited.

You will have until November 30, 2027 to submit claims for reimbursement for eligible expenses incurred during the 2026–2027 plan year.

*To receive the carryover, you must enroll in a Health Care FSA during the 2027–2028 Annual Enrollment period.

Dependent Care FSA: The carryover does not apply to the Dependent Care FSA. Dependent Care FSA funds remain subject to the “use-it-or-lose-it” rule, and any unused funds remaining at the end of the applicable plan year will be forfeited.

• Healthcare FSA

  Eligibility: Full-time associates

  Provider: HealthEquity

  Enroll: https://ultabenefits.bswift.com/

  Healthcare FSA funds can be used on eligible medical, dental, and vision expenses for you, your spouse, and dependents.

  You can contribute up to $3,400 annually, divided across remaining paychecks in the plan year. A HealthEquity debit card preloaded with your election will be mailed to you for use on eligible expenses.

  For a full list of up-to-date eligible items, visit: www.healthequity.com/fsa-qme or IRS Publication 502.

  You don’t need to be enrolled in an Ulta medical plan to participate, but you cannot be enrolled in a High Deductible HSA Medical Plan. If you are, you may elect a Limited Purpose FSA instead.

• Limited Purpose FSA

  Eligibility: Full-time associates enrolled in the HSA Medical Plan

  Provider: HealthEquity

  Enroll: https://ultabenefits.bswift.com/

  Associates enrolled in the HSA High Deductible Healthcare Medical Plan cannot have a regular healthcare FSA. The Limited Purpose FSA offers a way to save pre-tax dollars specifically for dental and vision care. Medical expenses are not covered.

  You can contribute up to $3,400 annually, divided across remaining paychecks in the plan year. A HealthEquity debit card preloaded with your election will be mailed to you for use on eligible dental and vision expenses. Your debit card can be used for both HSA and Limited FSA eligible expenses and will debit each account accordingly.

  For a full list of up-to-date eligible items, visit: www.healthequity.com/fsa-qme or IRS Publication 502.

• Dependent Care FSA

  Eligibility: Full-time associates with dependents in preschool, daycare, or eldercare

  Provider: HealthEquity

  Enroll: https://ultabenefits.bswift.com/

  You can set aside pre-tax money from your paycheck to pay for eligible dependent care, like preschool, daycare, or eldercare. This helps reduce your taxes and increase your take-home pay.

  You can contribute up to $6,000 per year per household, spread out over your remaining paychecks in the plan year.

  There is no debit card for this account - you submit claims to get reimbursed for expenses up to the amount you’ve contributed to date.

  For a list of eligible expenses, visit www.healthequity.com/fsa-qme or IRS Publication 502.

• Commuter FSA

  Eligibility: Full-time associates*

  Provider: Health Equity

  Enroll: www.healthequity.com/learn/commuter

  Elections are made monthly directly with HealthEquity, not through bswift.

  You can use pre-tax dollars to pay for qualified mass transit and parking expenses for your commute, lowering your taxable income.

  You can contribute up to $340/month for transit and $340/month for parking.

  Create an account to order one-time or recurring transit or parking passes. Orders must be placed before the usage month (e.g., to use funds in July, order by June 5).

  *Part-time associates may be eligible depending on state rules.