Flexible Spending Account (FSA)

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-itrule 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.

  • General Purpose FSA – if you enroll in one of the PPO medical plans, you may enroll in General Purpose FSA. Use your account to pay for medical, prescription, over-the-counter, dental, and visions expenses.
  • Limited Purpose FSA – if you are enrolled in the HDHP plan with HSA, due to federal guidelines concerning HSAs participants are not eligible to enroll in a General Purpose Healthcare FSA in conjunction with their HSA. A Limited Use Healthcare FSA may be used for eligible dental and vision care expenses only.

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:

  • Your children, under the age of 13, for whom you are entitled to a personal exemption on your federal income tax return.
  • Your spouse or other dependents, including parents, who are physically or mentally incapable of self-care.