A FINANCIAL WELLNESS HOME RUN FLEXIBLE SPENDING ACCOUNTS wexinc.com | WEX benefits mobile app
When you set aside your pay, pre-tax, in a flexible spending accounts (FSA), you reduce your taxable income, meaning you’ll pay less in taxes next year when you file. You must re-enroll in the FSAs each plan year. Health Care FSA The Health Care Flexible Spending Account (HCFSA) is offered to those not enrolled in an HDHP to pay for copays, deductibles, coinsurance, prescriptions, dental care, glasses, and other eligible health-related expenses for you and your tax dependents. The HCFSA can roll over up to $660 in 2025, but all other unused funds are lost at the end of the plan year. If you have a balance remaining, consider spending excess funds at FSAstore.com , which carries eligible items including over-the-counter medication and supplies.
To keep your rolled over funds, you must re-enroll in the HCFSA plan year.
Dependent Care FSA If you enrolled in the Dependent Care Flexible Spending Account (DCFSA) during enrollment, make sure you’re submitting your childcare expenses while you are at work for children under age 13 or older dependents who are incapable of self-care. That includes costs for things like babysitters, summer day camps, and elder care.
At the end of each benefits year all unused funds will be forfeited.
FIND DEALS WITH THE FSA STORE
The FSA store is an online store that sells products and services that are FSA eligible. Take advantage of deals over-the-counter medications, first aid supplies, feminine care products, vision care supplies, family planning supplies, sunscreen, fitness trackers and much more.
Remembering what products are FSA eligible can be challenging, make it easy and visit fsastore.com start saving today!
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