Eligible employees have an opportunity to enroll in, cancel, or make changes to a variety of health insurance plans.
Check back on this page mid-April for Open Enrollment details.
If you need to update benefits due to a qualifying change in status,
visit the Qualifying Change in Status webpage.
UNM offers Flexible Spending Accounts (FSAs) to active benefits eligible employees through WEX Health Inc. Save money by using an FSA to pay for eligible health care or dependent day care expenses.
Enrollment in an FSA means that you will automatically set aside money from each paycheck into an account that you can use throughout the year to reimburse yourself for certain qualified expenses. The deduction from your paycheck is on a pre-tax basis which, therefore, reduces your federal, state, and social security taxes. Further, you are not taxed on your reimbursements.
You may enroll in one or both accounts, depending on your needs.
The Health Care FSA reimburses you for certain health care expenses that are not covered by any health plan for you and your eligible dependents, as outlined in the IRS guidelines.
The Dependent Care FSA reimburses you for dependent day care expenses as defined by the IRS. Care may be provided in your home or at another location but not by someone who is your minor child or dependent for income tax purposes (e.g. an older dependent child). If the services are provided by a day care facility that cares for six or more individuals at the same time, the facility must comply with state day care regulations.
For both accounts, there is an annual election limit. See below for these dollar amounts as they may change year to year.
Once enrolled, you may use your FSA benefits as long as you remain in a UNM benefits eligible position. *See advisory below if you elect to participate in UNM’s Dependent Care FSA plan for FY26, and will meet or exceed the salary threshold of a Highly Compensated Employee as determined by the IRS.
Upon enrollment in an FSA plan, you will receive a WEX Benefits Card by U.S. Mail, that functions as a debit card wherever MasterCard or Visa is accepted, from physician and dental offices to pharmacies and vision service locations.
Approved expenses are automatically deducted from your Health Care FSA and/or Dependent Care FSA. Make sure you retain your receipts as the FSA Administrator may require you to provide them to ensure purchases were for eligible items.
Advantages of the WEX Benefits Card include:
Health Care FSA funds can be used for:
WEX will mail a Benefits Card to your address on file with UNM when you enroll. Review your address in the UNM portal, and update it if needed to ensure your card and other benefit-related correspondence is mailed to the correct address*.
For replacement cards*, use the WEX member portal or contact WEX directly.
*Make sure your address is updated with UNM and WEX when enrolling or ordering a new card.
Health Care FSA
Dependent Care FSA
Health Care FSA
Dependent Care FSA
Election limit per tax return filing status:
If married, both you and your spouse must be actively employed. If one spouse is actively employed, the other spouse must be incapable of self-care or a full-time student.
The funds to be used from your dependent care FSA must not exceed the lesser of your or your spouse’s earned income for the plan year.
For those who elect to participate in Dependent Care FSA plans in FY26 and fall under IRS Highly Compensated Employee (HCE) rules:
Individuals who elect to participate in UNM’s Dependent Care FSA plan for FY26 and who will meet or exceed the salary threshold of a Highly Compensated Employee as determined by the IRS, there is a high likelihood that you would be subject to taxation of all or part of your Dependent Care election once UNM completes required Non-Discrimination Testing (NDT) during the FY26 Plan Year. The taxable amount varies each year because the data used for testing changes every year with our population.
For example, if an HCE’s Dependent Care FSA election is $5,000 for FY26, but NDT results require a reduction to $2,000 then the HCE’s election will be reduced to $2,000.
General FSA Documents & Forms
First, verify your eligibility.
Next, you may take advantage of these three enrollment opportunities:
Note: If you separate from employment, termination of coverage will occur; however, you may elect to continue coverage in accordance with COBRA.
Be prepared to provide the last four digits of your UNM ID (in lieu of SSN) so WEX can access your FSA account details.
