Glossary - F

FDIC (Federal Deposit Insurance Corporation)

The federal corporation that insures bank deposits.


A tax on employees and employers that is used to fund the Social Security system.


See Flexible Spending Account

FSA Rollover to Health Savings Account (HSA)

The ability to make a one-time transfer (or rollover) of funds from a Flexible Spending Account (FSA) to a Health Savings Account (HSA). The maximum amount that may be rolled over is the lesser of (i) the balance in the health FSA/HRA as of September 21, 2006, or (ii) the balance in the health FSA/HRA as of the date of the rollover. These balances are determined on a cash basis, meaning that expenses not yet submitted for reimbursement are not taken into account. One rollover is permitted per health FSA or HRA, and the employer must transfer the funds directly to an individual's HSA before January 1, 2012. If an individual who makes a rollover contribution ceases to be an HSA-eligible individual during the 12-month period starting with the month of the rollover contribution and ending 12 months later, the amount rolled over is includible in the individual's gross income and subject to a 10 percent additional tax (however, no amount is included in the income if the individual dies or becomes disabled). The amount rolled over does not count toward the annual HSA contribution limit.

Note: These same rules apply to rollovers from Health Reimbursement Arrangements to HSAs.

Family Coverage

Coverage that is for an individual plus another family member or dependent.

Federal Insurance Contributions Act


Fee Schedule

Listing of fees related to an account that an accountholder could incur.

First-dollar Coverage

Immediate reimbursement or no payment required for specific covered expenses, without meeting a deductible.

Flexible Benefits Plan

See Cafeteria Plan

Flexible Spending Account (FSA)

A Flexible Spending Account (FSA) is a tax-advantaged savings account for employees offered through their employer. An FSA allows an employee to set aside a portion of her earnings to pay for qualified medical or dependent care expenses pre-tax per calendar year.

Form 1099-SA

See 1099-SA

Form 5498-SA

See 5498-SA

Form 8889

See 8889

Invest in your HSA with UMB HSA Saver

Now you can invest your HSA savings in UMB HSA Saver and take advantage of our easy-to-use investing platform.

How to Use ReceiptVault

Easily track and manage your healthcare receipts using ReceiptVault.

How to use your HSA

Watch how to use your HSA

Make the most of your HSA by watching this informational video.