FLEXIBLE SPENDING ACCOUNTS OVERVIEW
FLEXIBLE Spending ACCOUNTS
Flexible Spending Accounts help you pay for eligible out-of-pocket expenses. These pre-tax contributions can be used for medical, dental, vision, and dependent care expenses. You can use these accounts to pay for upfront expenses or for reimbursement. Using these accounts effectively will help you take full advantage paying for your eligible out-of-pocket expenses.
A full list of eligible expenses for each type of FSA can be found on the Wex portal.
Eligibility | Eligible | Contribution | |
Health Care | Members | Copays, | $3,050 |
Limited | Only | Dental | $3,050 per year. Up to $610 |
Dependent | Open | Child day care, | $5,000 per Use it or lose it. |
Commuter | Open | Mass transit, | Up to a monthly |
Remember...
- You must enroll in the FSAs each year; your FSA elections do not automatically roll over from year to year.
- Your FSA elections are in effect from January 1 to December 31; you have until March 31 of the following year to submit claims for reimbursement.
Plan Documents
For more information about FSAs, visit www.wexinc.com or call (866) 451-3399.