Flexible Spending Account (FSA)
If you enrolled in the Copay Plan, you may participate in the Medical Flexible Spending Account (FSA). A Medical Flexible Spending Account allows you to save for eligible health care expenses not covered by your medical plan -- like a deductible or your share of coinsurance.
If you have any eligible expenses not fully covered by your medical plan, you can use your FSA to pay for them with tax-free funds. For 2026, the maximum contribution to the Health Care Flexible Spending Account is $3,400, with a minimum of $300. Please note that additional claims cannot be incurred after November 30, 2025. However, you can still submit reimbursement requests for claims incurred between December 1, 2024, and November 30, 2025, for an additional 90 days.
Remember that you must re-enroll in the FSA's every year, your election does not roll over to a new plan year.
Set aside healthcare dollars for the coming year
- A healthcare FSA allows you to set aside tax-free money to pay for healthcare expenses you expect to have over the coming year
How Health Care FSA works
Carryover Feature:
If you are enrolled in the Healthcare FSA, you are allowed to carry over up to $680 of unused funds into the following plan year. Examples of eligible expenses include:
· Medical or dental plan deductible, coinsurance, or copays
· Vision services, including contact lenses, contact lens solution, eye examinations and eyeglasses
· Dental services and orthodontia
· Hearing aids·
NOTE: Plan carefully to avoid having a balance of more than $680 at the end of the plan year. Always save your receipts, even after being reimbursed from your account. Don’t assume all expenses are covered. For more information on FSAs, go to http://www.irs.gov/pub/irs-pdf/p502.pdf.
Dependent Care FSA
How Dependent Care FSA works
The Dependent Care Flexible Spending Account allows members to use pretax dollars toward care for the following qualified individuals including: the taxpayer’s dependent who is under 13; or the taxpayer’s dependent or spouse who is physically or mentally incapable of self-care and who lives with the taxpayer for more than half of the taxable year. The annual maximum amount you may contribute to the Dependent Care FSA is $7,500 (or $3,750 if married and filing separately) per calendar year.
You set aside money from your paycheck, before taxes, to pay for work-related day care expenses. Eligible expenses include not only child care, but also before and after school care programs, preschool, and summer day camp for children under age 13. The account can also be used for day care for a spouse or other adult dependent who lives with you and is physically or mentally incapable of self-care.
NOTE: Dependent care expenses can only be reimbursed after they are incurred. This means you must first pay for the eligible expense (preschool tuition, day camp registration) and then submit that expense receipt for reimbursement to the dependent care flexible spending account administrator.
FSA Pro Tips:
Estimate carefully! You can’t change your FSA election amount mid-year unless you experience a qualifying event. Your FSA does not roll over from one year to the next.
Money contributed to an FSA must be used for expenses incurred during the same plan year.
Always save your receipts, even after being reimbursed from your account
If you want to participate in the FSA for 2026, you must ACTIVELY enroll!