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Employee Flexible Spending

Flexible Spending

The District offers all benefit-eligible employees two pre-tax benefits: the Health Care Flexible Spending Account and the Dependent Care Flexible Spending Account. These pre-tax accounts allow you to pay for eligible, out-of-pocket health and/or dependent care expenses. Every plan year you must designate the amount to be set aside in your Flexible Spending Accounts. PayFlex administers these accounts.

For more information, visit: Flexible Spending Plan HealthHub

Health Care Flexible Spending Account Program (HCFSA)

An HCFSA allows you to plan for and cover eligible out-of-pocket medical expenses on a pre-tax basis, with deductions taken directly from your base salary. Deductions for the HCSFA reduce the gross income on your Form W-2 for federal and social security tax purposes. Your deductions are put into a special account, which will be used to reimburse participants for covered expenses up to a maximum of $2,500 annually. If you have not used all of the money that you deposited into your HCFSA by December 31, it must be forfeited, according to IRS rules. All receipts for expenses must be submitted by March 31. You may elect to participate in this program and/or select a new deduction amount during the next open enrollment period.

 

Dependent Care Flexible Spending Account Program (DCFSA)

A DCFSA allows you to pay for eligible dependent care expenses on a pre-tax basis, with deductions taken directly from your base salary. These deductions reduce your gross income on your Form W-2 for federal and social security tax purposes. The deductions are put into a special account, which will be used to reimburse participants for covered expenses up to a maximum of $5,000 annually. If you have not used all of the money that you deposited into your DCFSA by December 31, it must be forfeited, according to IRS rules. All receipts for expenses must be submitted by March 31. You may elect to participate in this program and/or select a new deduction amount during the next open enrollment period.