Inframark provides you the opportunity to contribute tax-free dollars from your pay into Flexible Spending Accounts. Since the money you contribute to your FSA is tax-free, your taxable income is then reduced. It is important to remember that FSAs have a “use-it-or-lose-it” rule so plan accordingly! Click here to learn more.
Healthcare FSA lets you contribute up to $2,500 annual pre-tax dollars to pay for eligible healthcare expenses. Although the health care FSA is a use-it-or-lose-it account, you can rollover up to $550 of unused funds to use in the next year. For a complete list of eligible items and services, visit https://fsastore.com/fsa-eligibility-list.
New for 2022! The annual Health Care FSA maximum contribution will increase to $2,850 and the Health Care FSA carryover will increase to $570.
Dependent Care FSA lets you contribute up to $5,000, or $2,500 if both you and your spouse elect the benefit and you file your taxes separately. Only services that allow you and your spouse (if married) to work full-time, attend school on a full-time basis or seek full-time employment are eligible for reimbursement. Generally, expenses will qualify for reimbursement if they are the result of care for: