Health Care FSA

How does it work?

Employees will need to determine an annual election amount to set aside into their Health Care FSA. This annual election amount will be deducted evenly out of each pay check on a pre-tax basis and put into a Flexible Spending Account. Participants then use the pre-tax dollars in their FSA to pay for eligible expenses.

Participants need to be sure to allocate dollars for predictable medical expenses, changes to the annual election amount are only allowed if there is a change of status. 

**Plan Perk: The Health Care FSA is pre-funded, meaning that participants will have access to their full annual election amount at the very beginning of the plan year, regardless of the amount contributed to date. Think of the Health Care FSA as a tax-free interest-free loan that helps you pay for those larger medical expenses.