Flexible Spending Accounts

Healthcare Spending Account

Enables you to pay eligible out-of-pocket medical, dental, and vision expenses with before-tax dollars (saving you 30% or more since you are not paying taxes on this money).

• All money is available on January 1
• You will receive a debit card so many expenses can be paid without the need to pay first then file a claim
• $590 is allowed to roll over at year-end (note: you must set up a medical FSA in the following year to receive rollover funds) any unused amount over $590 is lost! So choose your contribution amount carefully!
  
  

Dependent Care Account

Allows you to pay for certain child and dependent daycare expenses using before-tax dollars

• Money is only available AFTER it is deposited into your account
• Maximum contribution for 2024 is $5,000 (about $3,500 in take-home pay)
• $0 is allowed to roll over at year-end
  
  
• FSA Highlights
• FSA Eligible Expenses
• How FSAs Work
• Flexible Spending Accounts FAQ
• WORKTERRA – FSA Debit Card Helpful Hints
• WORKTERRA Consumer Portal
• WORKTERRA – Claim Form
• WORKTERRA Participant Welcome Letter Sample

FSA Administrator - WORKTERRA: 1-888-604-5394  

REMINDER

Please remember the explanation above is just a summary. The official plan documents for the plan govern the operation of this coverage. You may request a copy from your benefits office at any time.