Flexible Spending Accounts

image

Healthcare Flexible Spending Account (HCFSA)

Healthcare FSA allows you to set aside funds to reimburse expenses that are not covered by your medical, dental, and vision insurance, including your deductible and copays.

The 2025 IRS limit for Healthcare FSA contributions is $3,300 

In some cases, you will be required to submit a receipt or an Explanation of Benefits (EOB) as substantiation for your expense. Vague or missing information causes your reimbursements to be delayed or become ineligible. You should always keep your receipts for documentation. If audited by the IRS at a later time, you will be required to produce documentation for all medical FSA expenses.

*Note: If you're enrolled in the H.S.A., you cannot participate in the FSA. You will need to enroll in a limited purpose FSA, which only reimburses for dental and vision expenses.

If you're enrolled in single HMO coverage, the Board contributes $500 to a healthcare FSA. You must either enroll in the FSA, even if you don't wish to contribute, or sign the waiver form below.

Dependent Care Flexible Spending Account (DCFSA)
 
Dependent care FSA gives you the opportunity to pay for childcare, elder care, or other dependent care services with pre-tax dollars. You can contribute up to $5,000 per household ($2,500 if marred and filing separate tax returns).
Eligible dependents are those you can claim that person as a dependent on your federal income taxes and include:
  • Children under the age of 13
  • A disabled spouse.
  • Aging parent

As you incur dependent care expenses, you may submit a claim for reimbursement not to exceed the amount that is in your account at the time of reimbursement.

 

 

 

 


Back