Flexible Spending Accounts (FSA)

A Flexible Spending Account (FSA), also called a "flexible spending arrangement," is a pre=tax special account that you put money into and can be used to pay for certain out-of-pocket healthcare costs, like medical, dental, and vision care expenses. 

Contributions to your FSA may come out of your paycheck before any taxes or PERA contributions are calculated. This means that you may not pay federal income tax, state income tax, Social Security tax or PERA contributions on the portion of your paycheck you contribute to your FSA. 

Please indicate an annual election amount during enrollment and only contribute the amount of money you expect to pay out-of-pocket for eligible expenses fo rthe play year (July 1, 2025 through June 30, 2026). If you do not use all the money you contribute, it will not be refunded to you or carried forward to a future plan year. You may only change your election during the plan year if you experience a Qualifying Life Event, including marriage, a divorce, or a birth. 

Why Enroll in an FSA?

• You can save an average of 30% on a wide variety of eligible healthcare expenses by paying for them on a pre-tax basis. 
• You can access the full amount of your annual election amount on the first day of your plan year (July 1)
• You can choose from several convenient, no-hassle payment, and reimbursement options
• You may defer amounts for your eligible dependents, even if they are not enrolled in your insurance plan

Healthcare FSA

A Healthcare FSA can be used for eligible medical, dental, and vision care expenses - like deductibles, copays and coinsurance. 

You may defer up to $3,300 for Plan Year 2025 for qualified medical expenses for yourself and/or your dependents.

HSA Compatible FSA

If you are participating in an HSA, you are not permitted to be covered by a traditional Healthcare FSA. However, you may enroll in a Limited Purpose FSA to help save for eligible out-of-pocket dental and vision expenses. General medical expenses are not eligible. 

You may defer up to $3,300 for Plan Year 2025 for qualified dental and vision expenses for yourself and/or your dependents.