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Employee Flexible Spending

Flexible Spending

The District offers all benefit-eligible employees two pre-tax flexible spending account (FSA) benefits: the Health Care Flexible Spending Account (HCFSA) and the Dependent Care Flexible Spending Account (DCFSA). These 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 FSAs. PayFlex administers these accounts.
 
In 2014, the IRS modified the “Use-It-or-Lose-It” rule, which allows participants to carry over unused health care flexible spending account (FSA) funds from one year to the next. You will now be able to carry over up to $500 of your FSA balance into the nest year and beyond. Please see Health Care Flexible Spending Accounts: 2015 Carryover FAQs for more information on the carryover option.

FSA Resources:

For more information, visit PayFlex's HealthHub site.

Health Care Flexible Spending Account Program (HCFSA)

Health Care Flexible Spending Account Program (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. 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)

Dependent Care Flexible Spending Account Program (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. 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.