Flexible Spending Account

These are IRS-approved accounts into which you may elect to put money to pay for many out-of-pocket health care and/or dependent care expenses. You do not pay taxes on this money, which means more money in your pocket!

• Employees must enroll online during Open Enrollment. The deadline to enroll is Thursday, Oct. 31, 2024, at 4:45 p.m. Previous elections do not roll over to the next calendar year. 

• The amount that can be deferred into an FSA Medical Spending Account for 2025 is increasing to $3,200. The Dependent Care Spending Account limit will remain at $5,000.

• To learn more about the FSA program and how it can help you save money, visit the HealthEquity website.

• HealthEquity has teamed with fsastore.com to offer an online store stocked with FSA-eligible products, helping you eliminate the confusion of which products are eligible with your account. 

• The Health Care FSA carryover limit from 2024 to the 2025 plan year will be $640.

• IMPORTANT:If choosing the HDHP, you will have until the end of the run-out period, March 31, 2025, to file for reimbursement for the remaining of your FSA monies. Any remaining balance after March 31, 2025, will be forfeited.

For additional information, visit the FSA website.