Consolidated Administrative Services
Flexible Spending Accounts (FSAs) allow you to have pre-tax money deducted from your paycheck to reimburse yourself for certain expenses. Since contributions are made through payroll deductions with pre-tax dollars, you decrease your taxable income and thereby increase your take-home pay.
The annual dollar limit on employee contributions to employer-sponsored healthcare flexible spending arrangements (FSA) has been increased to $2,750 for 2020.
With the passage of the CARES Act (COVID-3 Stimulus Bill), effective 1/1/2020, the IRS will allow Over-the-Counter (OTC) medicines or drugs to be purchased with Health Care FSA or HSA funds without a prescription. See an updated list of allowable expenses.
ROLLOVER
Five Hundred Dollars ($500.00)can be carried over to the next plan year. The rollover will not change the Run-Out Period.
Plan Documents and Forms
- Summary of Benefits
- FSA Overview Flyer
- FSA Eligible and Ineligible Products & Services
- Medical Claim Form
- Change Status Form
- Card request Form
- Mobile App Instructions
