FLEXIBLE SPENDING ACCOUNTS (FSAs)
Flexible Spending Accounts (FSAs) allow you to set aside pre-tax dollars from your paycheck to cover qualified expenses you would normally pay out of your pocket. We offer three types of FSAs.
Health Care FSA (HCFSA)
A Health Care Flexible Spending Account (HCFSA) allows you to set aside pre-tax dollars to pay for eligible medical, dental, and vision expenses. It’s a great way to lower your taxable income while covering everyday healthcare costs. The maximum contribution for 2026 is $3,400*. Funds you elect to contribute to the HCFSA are available in full on the first day of the plan year. For example, if you elect to contribute $1,000, the full election (i.e., $1,000) is available on day one. You can only open an FSA if you aren’t enrolled in an HDHP with HSA plan.
Limited Purpose FSA (LPFSA)
A Limited Purpose Flexible Spending Account (LPFSA) is designed to work alongside a Health Savings Account (HSA). It can be used only to pay for eligible dental and vision expenses, preserving your HSA funds for broader medical costs or savings.
Dependent Care FSA (DCFSA)
A Dependent Care Flexible Spending Account (DCFSA) lets you use pre-tax dollars to pay for eligible child care or elder care expenses. This includes daycare, before/after-school programs, and adult daycare for dependent family members. You can contribute up to $7,500* (or $3,750* if married and filing separately) per plan year. Your account works like a debit card; you need to accumulate the funds before you can use them.
Use It or Lose It
Carefully consider your FSA contribution amounts for the plan year. At the end of the year or grace period, you lose any money left over in your FSA.
* These limits are subject to change. Visit irs.gov for more information.