City of Avondale
Home MenuFlexible Spending
You have the option to select from a Health Care FSA, Limited Purpose FSA, and/or Dependent Care FSA provided by Health Equity.
- A Flexible Spending Account (FSA) allows you to pay eligible out-of-pocket medical and dependent care expenses with pre-tax dollars, reducing your taxable wages and thus, decreasing your taxes.
- With a FSA, you specify the annual dollar amount of your earnings to be deposited to each account. This amount is deducted in equal payments over the benefit plan year.
- For those that enroll in the HDHP (with HSA) medical plan that also wish to enroll in an FSA, they must select the Limited Purpose FSA (only to be used for dental and/or vision expenses).
- Use it of Lose It
- It is important to set aside only as much money in your FSA as you intend to use each plan year because:
- Any money not claimed by the employee within the specified period will be forfeited in accordance with the Internal Revenue Service (IRS) regulations - up to $660 can be rolled over each plan year.
- You have from July 1st through June 30th to use account funds.
- All the claims for medical and dependent care expenditures must be filed with Health Equity.
- Participants in the FSA programs do have several options for claiming reimbursement for eligible expenses. Contact Health Equity for more information.
- It is important to set aside only as much money in your FSA as you intend to use each plan year because:
- Health Equity Contact Information: 1-866-960-8026, www.healthequity.com
Helpful FSA Information: