Flexible Spending Accounts (FSA)

campus grounds and building

FSAs allow you to put aside a portion of your pay to reimburse yourself on a pre-tax basis for healthcare and/or dependent/elder care expenses.

  • FSA Maximum amounts:
    • Healthcare: $2,600
    • Dependent Care: $5,000
  • May be reimbursed for eligible healthcare expenses up to the elected account balance
    • Must incur expenses by March 15 of the following year
    • Per IRS regulations, at the end of the year, any unused balances will be forfeited
  • May be reimbursed for eligible dependent care expenses up to elected account balance
    • Must incur expenses by Dec 31

List of Eligible Healthcare Expenses

List of Eligible Dependent Care Expenses