Flexible Spending Account
Jefferson Center offers two flexible spending account (FSA) options through ThrivePass . The money that you put into an FSA is collected from your paycheck before taxes are withheld, which means you don’t pay taxes on those dollars. Basically, it is like using a 25% off coupon for your health care and dependent care expenses! Please read this page carefully before you make your FSA elections. Important Information Regarding Your FSA Accounts • FSA dollars must be used by the end of the year. Any unused dollars in excess of the rollover limit will be lost • At the end of the 2025 plan year, you can roll over up to $660 from your health care FSA to use in future years • All requests for reimbursement for the prior plan year must be submitted to ThrivePass by March 31 st . • FSA elections must be made every year during open enrollment. Your current year election WILL NOT carry over to next year • A full list of eligible expenses is available at www.fsastore.com Health Care FSA (not allowed if you fund an HSA) • Health care FSA dollars can be used to pay for eligible out-of-pocket expenses such as deductibles, copays, and other health-related expenses that are not reimbursed by the medical, dental, or vision plans • Use dollars to pay for over-the-counter (OTC) medications • You may contribute up to the IRS maximum, projected to be $ 3,300 to your health care FSA for the 2025 calendar year. The entire amount you elect is available to you on January 1 or your benefits effective date • At the end of the 2025 plan year, you can roll over up to $660 from your health care FSA to use in future years Dependent Care FSA • Dependent care FSA dollars can be used to pay for eligible dependent care expenses that allow you and your spouse to work or attend school full time • Eligible expenses include day care, preschool, summer camp, before- and after-school care, and elder care • Funds can be used to care for your: • Children under 13 years of age; • Child over 13, spouse, and/or elderly parent who lives with you and is unable to care for themselves. • You may contribute up to $5,000 to the dependent care FSA for the 2025 calendar year if you are married and file a joint return or if you file a single or head of household return. If you are married and file separate returns, you can each elect $2,500 • Dependent care contributions are deposited each pay period. You can only be reimbursed for amounts up to what is currently in your account • Dependent care dollars do not carry over to the next year. Any dollars remaining in your account on December 31 will be lost
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