IU offers two types of accounts that let you set aside tax-free money for health care or dependent care expenses.
Savings programs that reduce your annual taxable income
Health savings account (HSA)
Set aside tax-free money from your paycheck for healthcare expenses now or in the future. Plus, IU makes a generous contribution to your account each year.
Flexible spending account (FSA)
Set aside tax-free money from your paycheck for healthcare or dependent care expenses. You make all contributions to the accounts.
Open enrollment and benefit changes
You have the opportunity to change your benefits and add or remove dependents during the Open Enrollment period, which takes place in the fall every year.
Learn more about Open Enrollment
At other times of the year, there are some changes you can make if you have a qualifying life event, such as marriage/divorce, birth of a child, or you become eligible for Medicaid/Medicare. You can also enroll in or change your HSA at any time during the year.
Customer service
Have a question about one of your benefit plans but don't know who to ask?