Flexible Spending Account

A Flexible Spending Account (FSA) is an employer owned account that lets you set aside pre-tax dollars (which lowers your taxable income) to pay for eligible out-of-pocket expenses.

There are two types of FSAs available in which to participate:
1. Healthcare FSA – Can be used to pay eligible medical, dental, orthodontia and vision expenses
2. Dependent Care – Can be used to pay eligible expenses for childcare, eldercare or care for a disabled dependent

Healthcare FSA
For 2026, you may contribute up to $3,400 towards qualified health care expenses incurred by you, your spouse and your children up to age 26. Some qualified expenses include:
• Coinsurance
• Copayments
• Deductibles
• Prescriptions
• Dental treatment
• Orthodontia
• Eye exams/eyeglasses
• Lasik eye surgery
Unused funds up to $500 from one year can carry over to the following year. Carryover funds will  not count against or offset the amount that you can contribute annually. Unused funds over $500 will NOT be returned to you or carried over to the following year.

Dependent Care FSA
For 2026, you may contribute up to $7,500 (per family) to cover eligible dependent care expenses ($3,750 if you and your spouse file separate tax returns). Some qualified expenses include:
• Care of a dependent child under the age of 13 by babysitters, nursery schools, pre-school or daycare centers
• Care of a household member who is physically or mentally incapable of caring for him/herself and qualifies as your federal tax dependent

Unused funds will NOT be returned to you or carried over to the following year.