Flexible Spending Accounts (FSAs)

Flexible Spending Accounts (FSAs)

Flexible Spending Accounts Open Enrollment:

 

  • What is an FSA? Review the FSA Brainshark video to understand your FSA Accounts.
  • IRS Account Limits for 2020 & 2021: Current limits are $2,750 for healthcare FSA and $5,000 for the dependent care FSA

 

Flexible Spending Accounts (FSAs) allow you to set aside tax-free dollars to pay for predictable health care and dependent care expenses. The College offers two accounts:

 

 

Because the IRS governs these accounts, you must make a new election each year if you want to participate. You are also required to use your account balance by the end of the calendar year or you will lose the remaining balance.

 

To contact WageWorks, go to www.WageWorks.com or call 1-877-924-3967.