TSS - Flexible Spending: EBPA Health Care and Dependent Care

Flexible Spending: EBPA Health Care and Dependent Care

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First Published  :Sun Oct 23 21:44:26 GMT 2016
Last Modified  :Mon Apr 11 17:25:05 GMT 2022
Last Published  :Mon Apr 11 17:25:05 GMT 2022
Summary :  information about the new FSA program with EBPA

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Primary Information

    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!

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Keywords

    New FSA program, one card