Flexible Spending Accounts (FSA)

HEALTHCARE FSA

Pay for qualified healthcare expenses with pre-tax dollars with this voluntary benefit.  Your election is binding for the plan year and cannot be adjusted unless you experience a Qualifying Life Event. This plan does include a carry-over that allows you to carry over up to $660 of unused Healthcare FSA funds at the end of the plan year as long as you re-enroll. However, any funds in excess of $660 that is left unused in the account will be forfeited at the end of the plan year. Keep in mind, any amount of carryover from the previous plan year will not affect your maximum allowed contribution to any future plan years.

Healthcare FSA Max Annual Limit $3,300

Click here to learn what qualifies as eligible expenses!
 

 


LIMITED PURPOSE FSA 

Unlike the Healthcare FSA, the limited purpose FSA is HSA-compatible.  These FSA funds can be used for covering expenses related to dental and vision services.

 

Limited Purpose Max Annual Limit: $3,300


Qualified Expenses:

 - Dental surgery
 - Orthodontia
 - Eye exams
 - Corrective/laser eye surgery
 - Prescription glasses
 - Contact Lenses

 


DEPENDENT CARE FSA

This benefit allows you to set aside money on a pre-tax basis for qualified Dependent Care expenses for children under age 13 and adult IRS dependents incapable of self-care. 

Max Annual Contribution Limit:
$5,000 for individuals or married couples filing jointly and $2,500 for married individuals filing separately

Qualified Expenses:

 - Work day childcare services

 - Cost of care at a licensed daycare

 - Before or after school care