2024 Benefits Guide - Basic

Flexible Spending Accounts (FSA)

One of the best ways to maximize your paycheck is to save pre-tax money for qualified expenses with an FSA. FSAs help you save money on healthcare, dependent care and commuter expenses by paying for eligible expenses with tax-free dollars.

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Healthcare FSA

The Healthcare FSA lets you set aside pre-tax funds via payroll deductions. You can use the money to reimburse yourself for eligible medical, dental and vision expenses. In 2024, you can contribute up to $1,500. Any funds left in the Healthcare FSA on December 31st of each plan year will be forfeited, except for balances up to $610 that can be carried over into the next plan year.

Check Out All Eligible Expenses

How's It Work?

Determine your estimated FSA limit

Establish your (pre-tax) deductions

Use your FSA debit card or submit receipts

Roll over up to $610 in FSA funds to the next year

How's It Work?

Determine your estimated FSA limit

Establish your (pre-tax) deductions

Use your FSA debit card or submit receipts

Use it or lose it! FSA funds don’t rollover

A Few FSA Rules

If you or one of your dependents are enrolled in a high deductible health plan and/or have an HSA, you may not be eligible for Health Care FSA.
Health and/or Dependent Care FSA claims may be submitted up to 60 days following your termination date; however, the dates of service on all claims must be prior to your date of termination.
It’s important to carefully estimate your annual contributions, the IRS requires that you forfeit any unclaimed funds in your account(s) above the $610 rollover (the “use it or lose it” rule).
Save a copy of your receipt until the claim is approved.

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2024 Benefits Guide - Basic

Flexible Spending Accounts (FSA)

Healthcare FSA

How's It Work?

Dependant Care FSA

How's It Work?

Commuter FSA

A Few FSA Rules

Check Out the Full Benefits Guide