Flexible Spending Accounts
 

What is a Health Care Flexible Spending Account (HCFSA)?

The Health Care Flexible Spending Account (HCFSA) is a pre-tax savings account to be used for qualified health care expenses for you and your eligible dependents. Some expenses include:

  • coinsurance
  • deductibles
  • office visits
  • prescription drug co-pays
  • Orthodontia
  • Chiropractic care
  • laser eye surgery
  • eye glasses/contact lenses  

The annual plan maximum is $2,650.00. There is a “Use It or Lose It” provision which means, services for claims must be incurred by December 31 of the plan year. This excludes the annual rollover amount:

  • Annually, you may rollover up to $500.00 into the next plan year, unless you elect an HSA for the next         plan year. The rollover amount will not count toward your maximum contribution for the following plan           year, in addition to your annual contribution.
  • You must have an active account at the end of the year in order to be eligible for the rollover

There are two types of accounts:

  • HCFSA - To be used with traditional insurance plans. Use it to pay for things like coinsurance,     prescriptions and medical equipment.
  • Limited Health FSA – For when you have both a High Deductible Health Plan (HDHP) along with a     Health Savings Account (HSA). The Limited FSA is available for dental and vision expenses only.

How Much You Can Contribute

Per Pay Period Minimum: $5.00

Annually: $120.00 minimum and $2,650.00 maximum

  • ONLY out-of-pocket contributions can be accepted into this account.

Excess Flex Credits will be directed to the Health Reimbursement Account (HRA) for employees covered under an eligible medical plan. 

The combined limit between a HCFSA and a Health Reimbursement Account (HRA) is $5,000.00. You cannot have more than $5,000.00 between the two accounts.

Participation in a HCFSA during a Leave of Absence

Your contributions will automatically continue during a Leave of Absence period as long as you continue to receive pay and/or your excess Flex Credits are directed to this account.  Any missed contributions during unpaid leave will be processed upon return from leave. Refer to Leave of Absence Page for additional information regarding your options during a leave of absence. 

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What is a Dependent Care Flexible Spending Account (DCFSA)?

Dependent Care FSA lets you use pretax dollars to pay for eligible expenses related to care for your child, disabled spouse, elderly parent, or other dependents that may be physically or mentally incapable of self-care, so you can work.

How Much You Can Contribute

Per Pay Period Minimum: $5.00

Annually: $120.00 minimum and $5,000.00 maximum

  • Please note: married couples have a combined $5,000.00 limit, even if each has access to a separate          FSA through his or her employer.

Reimbursement for Dependent Care Expenses

Unlike the HCFSA, expenses are reimbursed only up to current account balance.

  • You can submit claims for amounts over your current balance. If the claim is approved, the amount that exceeds your current balance will held in a pending status until applicable contributions are made.

All claims must be incurred by December 31 of the plan year.  The rollover provision does not apply to Dependent Care FSAs. 

Participation in a DCFSA during a Leave of Absence

  • Your contributions will automatically continue during a leave of absence period as long as you are on a paid leave of absence.
  • Although, you will continue to contribute to your DCFSA during a leave of absence, dependent care expenses that you incur during the leave will not be eligible for reimbursement due to IRS rules.
  • If you are on an unpaid, protected leave, applicable missed contributions will be processed upon return from leave.
  • Refer to Leave of Absence Page for additional information regarding your options during a leave of absence.

Flexible Spending Account Description

The County’s Cafeteria Plan Document and Summary provides a detailed description of the FSA Plan, and is intended to provide you with a general understanding of the Plan.

ASIFLEX offers customer support as well as easy-to-use online tools to help you make the most of your FSA. Participants can use the ASIFLEX website to access interactive claims, online calculators and view account balances and reimbursement histories.

Visit  www.asiflex.com  or call 800-659-3035 for more information.

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