FLEXIBLE SPENDING ACCOUNT (FSA) for health and/or dependent care (pre-tax benefit)

If you are unfamiliar with flexible spending accounts, please review this link https://info.healthequity.com/Member/FSA or visit the Health Equity site

Eligibility:
Must work 20 hours or more per week and a minimum of ten months per calendar year. Participation is optional.
 
Flexible Spending Account (FSA) form  
Pre-tax Benefits Deduction Authorization form

FSA accounts must be re-enrolled in each year; renewal is not automatic.  If you wish to continue this plan or start, please fill out the form
 
Health Equity is the third party administrator. Visit this site and you will find videos, documents and tools to answer your questions about flexible spending accounts.
 
 
2024 Contribution Limits:

• Minimum contribution for a flexible spending account is $300 per calendar year.

• Maximum contribution for a flexible spending account is $3,200 per calendar year.

• Maximum contribution for a dependent care flex account is $5,000 per calendar year.

Direct deposit is available for flex reimbursements.
 
Rollover Provisions:

• You can rollover a maximum of $610 of your 2023 FSA. An account will automatically be created for you in 2024 with the unused funds beginning on April 1st.

• Healthcare FSA accounts with a balance of more than $610 will forfeit amounts over $610.

• No rollover is available for dependent care accounts; unused contributions are forfeited.

Claims for 2023 expenses may be submitted through March 31, 2024.