Flexible Spending Accounts (FSA)

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Flexible Spending Accounts (FSA)

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

To help you maximize your FSA dollars, Ulta Beauty offers both a rollover feature and a run-out period:

• Health Care FSA Rollover: Unused Health Care FSA funds, up to the IRS rollover limit of $680, automatically* carry over to the next plan year. Any amount above the IRS limit will be forfeited. *You must enroll in an FSA in the next plan year to get the rollover.

• Run-Out Period: You have until November 30 to submit claims for reimbursement of eligible expenses incurred during the plan year.

Please note: Dependent Care FSAs are still subject to the "use-it-or-lose-it" rule and do not include a rollover feature. Any funds left on 8/31/2027 will be forfeit.

• 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.