Flexible Spending Account
Flexible Spending Account
The Flexible Spending Accounts (FSA) can be used to cover a wide range of expenses, including eligible medical, dental, and vision expenses for yourself, your spouse, and eligible tax dependents.
Note: If you are enrolled in the Cigna OAP HDHP medical plan, you are not eligible to enroll in the General Purpose FSA.
Contribution Limit
The FSA contribution limit is set at $3,400 per year. This limit is set by the IRS annually.
Rollover
Funds remaining in the FSA will rollover to the following year. Any funds that exceed $680 will be forfeited. You have 90 days after the end of the year to submit for reimbursement for the prior year expenses.
To avoid overfunding your FSA, carefully consider what you may expect to spend in 2026.
Eligible Expenses
To view a list of eligible expenses for your FSA, click on the link below:
Dependent Care FSA
A Dependent Care Flexible Spending Account (DFSA) is a pre-tax benefit account that allows employees to set aside money to cover eligible dependent care expenses. These expenses typically include child care, day care, preschool, summer day camp, and before or after school care for children under the age of 13, as well as care for elderly or disabled dependents.
Contribution Limit
The DFSA limit is $7,500 per household, or $3,750 if married and filing separately.
Reminder: Save your receipts
The IRS requires that every claim you submit to your DFSA be properly substantiated, meaning you must prove the expense was incurred. If a claim isn't properly substantiated, the IRS can treat the reimbursement as taxable income, which means you could lose the tax savings that makes the FSA worthwhile in the first place.
Use It Or Lose It
Funds in a DFSA are "use it or lose it," meaning that any unused funds at the end of the plan year are forfeited.
Eligible Expenses
To view a list of eligible expenses for your DFSA, click on the link below:
