Flexible Spending Account (FSA)
Available with Plan A, B, or C; or if you waived coverage.
A Flexible Spending Account allows eligible FNSBSD employees to pay for qualified health and dependent care expenses with pre-tax dollars which reduces your taxable income.
Maximum annual contributions for 2020 are:
- Medical FSA - $2,750
- Dependent Care FSA - $5,000
You must enroll each year during open enrollment or within 30 days of an IRS qualifying status change to participate.
- Health Care FSA — reimburses you for most out-of-pocket medical, dental, orthodontia, and vision expenses.
- Dependent Care FSA – reimburses you for out- of-pocket, non-educational, and non-medical dependent care expenses that are incurred because you and your spouse, (if married) work.
Flexible Spending Accounts are use or lose each calender year.