Flexible Spending Account (FSA)

Medical

Healthcare Flexible Spending Accounts annual contributions are capped at $2,750 per Plan Year, per employee, as set forth by the Patient Protection & Affordable Care Act (PPACA). This amount is deducted in equal amounts from each paycheck, before taxes are calculated and then set aside for you in a special account.

Dependent Care

Allows for a tax savings on day care expenses for children under the age of 13 and for dependent adults unable to care for themselves. The annual election is deducted in equal amounts from each paycheck and then set aside for you in a special account.  Where accepted, the debit card may be used for payment of dependent care expenses. The maximum annual election amount is $5,000 per household.

A MasterCard debit card will be issued to you to pay for most expenses incurred.