Flexible Spending Accounts (FSA) +
Commuter Benefits

Administered by TRI-AD

Flexible spending accounts (FSAs) can provide you with an important tax advantage to help pay for health care and dependent care expenses on a pre-tax basis. You can lower your taxable income by anticipating your family’s health care and dependent care costs for the next plan year. These accounts have a “use-it-or-lose-it” provision – meaning you will forfeit any unused amount remaining in the account at the end of the plan year.

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The Health Care FSA can cover expenses incurred up to 2.5 months after the plan year ends (March 15, 2027). Claims can be submitted until April 30. After this run-out period, any remaining balances from the prior year are forfeited.

Check out the below chart to understand the differences between a Health Care FSA, Dependent Care FSA, and a Commuter Account!