Health Benefits

Save money on your healthcare and/or dependent day care expenses by using a tax-advantaged Flexible Spending Account (FSA). The money you contribute to these accounts comes from your paycheck before it is taxed, and you withdraw it tax-free when you pay for eligible expenses, which reduces your annual taxable income.

Healthcare FSA
Not available if enrolled in $1,500 Deductible, $2,500 Deductible and $6,550 Deductible plans

• Contribute up to $2,550 annually to help cover qualified medical, vision and dental expenses not covered by insurance. For a complete list of eligible expenses, go to IRS Publication 502.
• Choose your contribution amount once a year (if your personal situation changes, such as getting married or having a baby, you may be able to change your election during the year).
• Use a debit card to pay for your eligible expenses (substantiation may be required, so be sure to keep your receipts).
• Your entire annual contribution is available to you from the beginning of the plan year.
• Unused money does not carry over at the end of each year—use it or lose it.

Limited Purpose Healthcare FSA
Not available if enrolled in $800 Deductible and $4,500 Deductible plans

• Contribute up to $2,550 annually in addition to any HSA amount contributed.
• Limited to coverage of qualified vision and dental expenses not covered by insurance. For a complete list of eligible expenses, go to IRS Publication 502.
• Choose your contribution amount once a year (if your personal situation changes, such as getting married or having a baby, you may be able to change your election during the year).
• Use a debit card to pay for your eligible expenses (substantiation may be required, so be sure to keep your receipts).
• Your entire annual contribution is available to you from the beginning of the plan year.
  
• Unused money does not carry over at the end of each year—use it or lose it.

Dependent Day Care FSA
Any medical plan or if you waive coverage

• Eligible expenses include child care and care for dependent elders.
• Contribute up to $5,000* a year to reimburse your qualified dependent day care and elder care expenses. For a complete list of eligible expenses, go to IRS Publication 503.
• Choose your contribution amount once a year (if your personal situation changes, such as getting married or having a baby, you may be able to change your election during the year).
• Use a debit card to pay for your eligible expenses (substantiation may be required, so be sure to keep your receipts).
• Your account accrues funds as you contribute so you must wait to use funds until they are available.
• Unused money does not carry over at the end of each year—use it or lose it.

*If you are a considered a Highly Compensated Employee, the maximum contribution will be $2,500.