Flexible Spending Account - Flexible Benefit Administrators
All full time regular employees working 30+ hours per week are eligible to participate after six months of employment. May defer up to $2,500 pre-tax dollars per year for health care expenses and up to $5,000 per year for dependent child care expenses. Deductions occur each pay period. The Health Savings FSA is only available to employees on the Traditional PPO Health Plan. The Dependent Child Care FSA is available to eligible employees regardless of which health plan they choose. Employees may now carryover up to $500 of unused funds at the end of the plan year (plan year runs July 1 through June 30).
Health Savings Account
A Health Savings Account (HSA) is your personal account to manage that you set up through the local Credit Union.
You must elect the Consumer Driven Plan to open an HSA Account.