Flexible Spending Account (FSA)
Health Care FSA - Click here for the full list of eligible expenses.
Allows you to set aside pre-tax dollars for your out-of-pocket health care expenses, e.g. physician fees, prescription drug copayments, deductibles, dental expenses, prescription eyeglasses, and contact lenses. The annual maximum for 2023 is $3,050.
Dependent Care Reimbursement Account (FSA) - Click here for the full list of eligible expenses.
The Dependent Care FSA helps you to save for the care and supervision of your child. By contributing a portion of your payroll dollars into your Dependent Care FSA, you can save for the services you incur. The maximum annual contribution you can make to your Dependent Care FSA is $5,000 per family for the 2023 calendar year ($2,500 if you're married and filing separately). Some common eligible expenses include child care, preschool, before and after school care, and day camps. School tuition and overnight camps are not eligible.
IMPORTANT DATES FOR YOUR FSA – If you have a Healthcare or Dependent Care FSA through Matarozzi Pelsinger Builders you will want to note that the plan year ends on 3/31/2021.
- 2023 Healthcare FSA
- All expenses claimed against the account must have been incurred between 4/1/2020 and 3/31/2021
- The last date to file claims incurred within those dates is 7/31/2021
- If any funds from the 2020-2021 plan year went unused they will rollover into an 2021 account if the amount is anywhere between $25 and $500. Those funds will appear in your 2021 account in mid-August 2021.
- 2023 Dependent Care FSA
- All expenses claimed against the account must have been incurred between 4/1/2020 and 3/31/2021
- The last date to file claims incurred within those dates is 7/31/2021
If you would like to file claims for reimbursement or have additional questions you can go to benefitslogin.wexhealth.com or give WEX a call at 866-451-3245.
