What is a Flexible Spending Account (FSA)? A FSA is a spending account provided by your employer that can be used to pay for different types of eligible medical, dental and vision expenses. These accounts are solely funded by the employee on a pre-taxed basis.
A Flexible Spending Account [FSA] allows you to use pre-tax dollars to pay for qualified healthcare or dependent day care expenses. There are 3 types of FSA accounts available:
- General Purpose Healthcare FSA - HCFSA (For individuals not enrolled in a HDHP health plan) Used to pay eligible medical, dental and vision expenses IRS Annual Maximum amount: $2,850.00.
- Limited Purpose Healthcare FSA - Ltd-HCFSA (For individuals enrolled in a HDHP health plan) Used to pay eligible dental and vision expenses ONLY. IRS Annual Maximum amount: $2,850.00
- Dependent Care FSA - DCFSA Used to reimburse eligible day care, child care and elder care expenses. IRS Annual Maximum amount: $5,000.00.
IMPORTANT NOTE: Any unused amounts credited to your account as of the end of the coverage year will be forfeited.
***For continued participation in the Flexible Spending Account annual enrollment is required, during the open enrollment period***
Health Care FSA
Covers eligible expenses for you and your covered dependents. View IRS eligible health care expenses Medical Reimbursement Claim Form How do I submit a reimbursement claim?
Limited Purpose FSA
Covers eligible dental and vision expenses, and is usually only offered with a Health Savings Account [HSA]. View IRS eligible health care expenses Dental Reimbursement Claim Form How to submit a dental reimbursement Vision Reimbursement Claim How to submit a vision reimbursement
Dependent Care FSA
Covers eligible expenses for dependents age 12 and under, and disabled dependents of any age. Dependent Care Reimbursement Claim Form How do I submit a dependent care