Flexible Spending Account
A Flexible Spending Account (FSA) is an employer-sponsored plan that lets you deduct dollars from your paycheck and put them into a special account that is protected from taxes. The money in an FSA account can be used for eligible health care and/or dependent care expenses incurred by you, your spouse and your dependents. FSA accounts are exempt from federal taxes, Social Security (FICA) taxes and, in most cases, state income taxes. Depending on your tax bracket, you may save up to 30% or more in taxes.
Our FSA is administered by MedSaveUSA. You may reach their customer service at 1-800-226-3155.
You may log into their website to check your personal balances: www.medsaveadmin.com
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Annual Amount You May Contribute
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Minimum
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Maximum
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Health Care Flexible Spending Account
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$240.00
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$5,000.00
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Dependent Care Flexible Spending Account (married filing jointly or not married)
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$240.00
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$5,000.00
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Dependent Care Flexible Spending Account
(married filing individually)
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$240.00
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$2,500.00
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