Flexible Spending Accounts allow employees to pay certain healthcare and dependent care expenses with pre-tax money. By using pre-tax dollars, you save money on dependent care, medical services, and medical supplies that you would normally have paid for with after-tax funds.
Full-time employees and benefited part-time employees are eligible to participate as of the first day of the first full month following the date of hire.
The minimum amount is $100.00 to participate in either account.
The plan year is July 1 to June 30. Once you are enrolled, no changes can be made within the plan year unless there is a qualifying event.
This program allows employees to pay for certain IRS-approved medical care expenses not covered by their insurance plan with pre-tax dollars. The maximum annual contribution is $3,300.
Examples of eligible expenses:
The Dependent Care FSA allows employees to use pre-tax dollars towards qualified dependent care. The maximum annual contribution is $5,000 (or $2,500 if married and filing separately). Examples of eligible expenses include:
If both you and your spouse work, you must coordinate your dependent day care enrollments so that the two of you together stay within the $5,000 annual maximum. You may only claim dependent care expenses on children age 12 and younger, unless the dependent is disabled.
Plan forms and documents can be found on County Connect.
Register online at:
healthequity.com Download the Health Equity app for Android or Apple iOS. The mobile app works on your phone and tablet.
1.877.924.3967
healthequity.com