Flexible Spending Accounts (FSAs)

FSAs let you set aside pre-tax dollars to pay for health care and daycare expenses. Each year, you decide how much to contribute, and that amount gets taken out of your paycheck before taxes. It’s a smart way to lower your taxable income while covering important expenses.

Flexible Spending Accounts	Health Care FSA	Limited Purpose FSA	Dependent Care FSA
Eligibility	Not for HSA participants or 3508 Sales Representatives	HSA participants only, excluding 3508 Sales Representatives	All eligible employees, excluding 3508 Sales Representatives
Annual Contribution Limit	$3,300	$3,300	$5,000*
Eligible Expenses	Health care, dental, and vision expenses	Dental and vision expenses	Daycare for children (12 & under) and dependent adults
Availability of Funds	The amount you elect is available on your plan effective date	The amount you elect is available on your plan effective date	Be reimbursed up to the amount available in your account
Payment or Reimbursement Options	Debit card or reimbursement	Debit card or reimbursement	Reimbursement
Rollover Options	Roll over up to $660 of unused funds*	Roll over up to $640 of unused funds*	Unused funds do not roll over
Services Deadline	12/31/2025	12/31/2025	12/31/2025
Submission Deadline	3/31/2026	3/31/2026	3/31/2026

*Funds can rollover for those who re-enroll in the FSA.

Rules to Keep in Mind

FSAs offer significant tax advantages, but are subject to IRS regulations:

All expenses for the Health Care and Dependent Care FSAs must be incurred during the plan year: January 1 through December 31.
Once you enroll in the FSA, you can only change your contribution amount if you experience a qualified life event.
Each account functions separately. You cannot transfer funds from one FSA to another.
3508 Sales Representatives are not eligible to enroll in an FSA.

Flexible Spending Accounts (FSAs)

Rules to Keep in Mind

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