Flexible Spending Accounts (FSAs) allow you to set aside pre-tax money to pay for health care or dependent care costs. You may want to consider an FSA to help with eligible expenses for health care or childcare/elder care. You must enroll at hire or during the University's Open Enrollment period. Those already enrolled must re-enroll each year.
- You may contribute an amount up to the annual limit set by the Internal Revenue Service (IRS). The Health Care FSA limit for 2022 is $2,850 per employee.
- You may contribute an amount up to the limit set by the IRS. The Dependent Care FSA limit for 2022 is $5,000 per family for dependent children (less than age 13) or adult/ elder daycare expenses.
Learn more about these FSA options!