Flexible Spending Account & Dependent Care

FSA (Health) Open Enrollment Form
DCSA (Dependent Care) Information/Form

FSA & DCSA OFFERING 

This is an annual election that you must enroll in annually.

A Flexible Spending Account (FSA) is an IRS approved benefit that allows you to set aside money on a TAX FREE basis to pay for unreimbursed healthcare or dependent care expenses. There are two types of FSAs.

Healthcare FSA allows you to use pre-tax dollars for out-of-pocket medical, dental and vision expenses. You can use your Health FSA dollars to pay for qualified medical, prescription drug, dental and vision expenses. For 2018, the minimum annual contribution is $100 and the maximum contribution is $2,650.

Dependent Care FSA (DCAP) allows you to use pre-tax dollars to pay for child, adult or disabled dependent day care services so you can work. For 2018, the minimum annual contribution is $100 and the maximum contribution is $5,000.

You can enroll in both FSAs, but you cannot use funds in one to pay for expenses in the other. Pre-tax contributions are deducted from your pay in equal amounts throughout the year.