PetSmart offers a tax-advantaged Health Care FSA administered by Optum Bank.

Health Care FSA

A Health Care FSA allows you to set aside dollars from your pay on a pre-tax basis to reimburse yourself for qualified medical, dental, and vision expenses.

The Health Care FSA is offered through Optum Bank. If you enroll in this plan you will receive a spending card in the mail. You must follow the steps provided by Optum Bank to open your Optum Bank account. If an account is not opened, contributions will be refunded.

The Health Care FSA contribution limit is $3,200 for 2025. Once you enroll and set your annual contribution, you cannot change that amount during the year (except in the case of certain qualified life events).

With the Health Care FSA, you can roll over up to $640 if you elect to continue contributing to the Health Care FSA, so it's important that you carefully estimate your anticipated eligible expenses for the coming year.

Wondering what the difference is between a Health Savings Account (HSA) and Health Care FSA? Find out.

Limited Purpose Health Care FSA

If you enroll in the Bronze coverage level, you can use an HSA, a Health Care FSA, or both an HSA and Health Care FSA (limited purpose). If you contribute to an:

• HSA or Health Care FSA, you can use your account to pay for qualified medical, dental, and vision expenses.
• HSA and Health Care FSA, your Health Care FSA will be “limited purpose” and can only be used to pay for qualified dental and vision expenses. However, once you meet the medical plan deductible, then it can be used toward qualified medical expenses as well. Your HSA can be used for qualified medical, dental, and vision expenses.

If you enroll in the Bronze Plus, Silver, Gold, or Platinum coverage level, you can use the Health Care FSA to pay for qualified medical, dental, and vision expenses.

Things to Consider

When deciding whether to enroll in an FSA, be sure to consider the following:

Tax savings
Do you have moderate to high health care expenses? If so, an FSA could help reduce how much you pay in taxes.

Your expected expenses
Carefully estimate your anticipated eligible expenses for the coming year. You should only set aside FSA dollars you know you will be able to use on eligible expenses.