WageWorks is our partner for the flexible spending accounts.

Flexible spending accounts, or FSAs, save you money because you can pay for eligible expenses with tax-free dollars.  You can save money by enrolling in the Flexible Spending Accounts (FSAs) below:

  1. Health Care FSA
  2. Limited Health Care FSA
  3. Dependent Care FSA
  • By electing a FSA, you can save on certain eligible medical, dental, vision and prescription drug expenses not covered by insurance.
  • To participate you must make an active election each calendar year.
  • Can submit expenses for you, your spouse and generally any dependents you claim on your taxes.  See IRS Publication 502 for more information.
  • Save your receipts – you may be required to provide proof of eligible expenses prior to getting reimbursed.
  • If you don't use the money by the deadline, you will lose it.  So plan accordingly.
     

HOW CAN I RECEIVE REIMBURSEMENTS?

You can receive reimbursements from WageWorks by:

  1. Using the EZ Receipts mobile app
    1. use camera to take picture of documentation & submit via mobile app
  2. Using the FSA Card (Dependent Care FSA does not offer a card)
  3. Visiting the WageWorks website
  4. Submitting a paper claim form
    1. Health Care FSA
    2. Dependent Care FSA


DIFFERENCES BETWEEN THE FSAs

 

Health Care FSA Limited FSA

Dependent Care FSA

Who is eligible to enroll

Employees NOT enrolled in an HDHP medical plan

Employees enrolled in an HDHP medical plan

Anyone that has the below expenses

Eligible expenses

Medical, Rx, Dental & Vision

Dental & Vision

Daycare, before & after school care for children under age 13 and Elder care

Annual limit

$2,550 in 2017
$2,600 in 2018

$2,550 in 2017
$2,600 in 2018

$5,000

Can incur claims for 2017 plan year

Through Dec. 31, 2017

Through Dec. 31, 2017

Through Mar. 15, 2018

Can incur claims for 2018 plan year

Through Dec. 31, 2018

Through Dec. 31, 2018

Through Mar. 15, 2019

Claims submission deadline 2017 plan year

Mar. 31, 2018

Mar. 31, 2018

June 30, 2018

Claims submission deadline 2018 plan year

Mar. 31, 2019

Mar. 31, 2019

June 30, 2019

Eligible to carryover up to $500

Yes

Yes

Yes

 

MORE INFORMATION

Review IRS Publication 969 and 502 for more information regarding what expenses are eligible and specific rules around which dependents are eligible for distributions.
 


HEALTH CARE FSA

Eligible if you elect a medical PPO or waive medical coverage.
Not eligible is you are enrolled in a HDHP medical plan.

  • The maximum you can contribute is $2,600 in 2018.
  • Click here to view the FSA Quick Start Guide.
  • Click here for a list of eligible expenses for the Health Care FSA.
  • The annual election amount is available on Jan. 1.  If your FSA start date is later than Jan. 1, your amount is available on that effective date.

LIMITED FSA (for dental and vision expenses)
Eligible only if you elect a HDHP medical/Rx plan.

  • The maximum you can contribute is $2,600 in 2018.
  • Click here to view the FSA Quick Start Guide for Limited FSAs.
  • Click here for a list of eligible expenses through the Limited Health Care FSA
  • The annual election amount is available on Jan. 1.  If your FSA start date is later than Jan 1, your amount is available on that effective date.

DEPENDENT CARE FSA (for day care expenses)

Eligible if you have eligible dependent day-care or adult/elder care expenses.
 
This plan is does NOT cover healthcare expenses for your dependents.

  • The maximum you can contribute is $5,000.
  • Click here to view the FSA Quick Start Guide for Dependent Care FSAs.
  • Click here for a list of eligible expenses for the Dependent Care FSA.  The most popular eligible expenses are: daycare, before and after-school care for children under age 13, summer camp and adult/elder care.
  • Learn more about the Dependent Care FSA by clicking here
  • This plan is similar to a checking account...you can only be reimbursed the amount that has been contributed year-to-date (contributions occur each pay period).
  • If your spouse also enrolls in a Dependent Care FSA, your combined annual limit is $5,000.

If you are married and file separate tax returns, each spouse may contribute $2,500. 

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