{"id":11423,"date":"2024-03-14T15:54:44","date_gmt":"2024-03-14T15:54:44","guid":{"rendered":"https:\/\/commpart.com\/renovo\/?page_id=11423"},"modified":"2025-10-20T14:23:30","modified_gmt":"2025-10-20T19:23:30","slug":"flexible-spending-accounts","status":"publish","type":"page","link":"https:\/\/commpart.com\/renovo\/flexible-spending-accounts\/","title":{"rendered":"Flexible Spending Accounts"},"content":{"rendered":"\t\t
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Flexible Spending Accounts (FSAs) <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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FSAs let you set aside pre\u2011tax dollars to pay for eligible health care or dependent care expenses. You choose your contribution amount each year, and it\u2019s deducted from your paycheck before taxes, allowing you to save money while covering everyday needs.<\/p>\n

Please note, our FSA administrator is changing to HealthEquity for 2026. Review the Open Enrollment<\/a> page for more information.\u00a0<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tCheck out this video to learn more about FSAs.<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Get to Know the FSAs<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n
Flexible Spending Accounts<\/strong><\/th>\nHealth Care FSA<\/strong><\/th>\nLimited Purpose FSA<\/strong><\/th>\nDependent Care FSA<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Eligibility<\/strong><\/td>\nNot for HSA participants or 3508 Sales Representatives<\/td>\nHSA participants only, excluding 3508 Sales Representatives<\/td>\nAll eligible employees, excluding 3508 Sales Representatives<\/td>\n<\/tr>\n
2025 Annual Contribution Limit*<\/strong><\/td>\n$3,300<\/td>\n$3,300<\/td>\n$5,000*<\/td>\n<\/tr>\n
Eligible Expenses<\/strong><\/td>\nHealth care, dental, and vision expenses<\/td>\nDental and vision expenses<\/td>\nDaycare for children (12 & under) and dependent adults<\/td>\n<\/tr>\n
Availability of Funds<\/strong><\/td>\nThe amount you elect is available on your plan effective date<\/td>\nThe amount you elect is available on your plan effective date<\/td>\nBe reimbursed up to the amount available in your account<\/td>\n<\/tr>\n
Payment or Reimbursement Options<\/strong><\/td>\nDebit card or reimbursement<\/td>\nDebit card or reimbursement<\/td>\nReimbursement<\/td>\n<\/tr>\n
Rollover Options<\/strong><\/td>\nRoll over up to $660 of unused funds**<\/td>\nRoll over up to $660 of unused funds**<\/td>\nUnused funds do not roll over<\/td>\n<\/tr>\n
Services Deadline<\/strong><\/td>\n12\/31\/2026<\/td>\n12\/31\/2026<\/td>\n12\/31\/2026<\/td>\n<\/tr>\n
Submission Deadline<\/strong><\/td>\n3\/31\/2027<\/td>\n3\/31\/2027<\/td>\n3\/31\/2027<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*The 2026 annual contribution limit is $3,400 for the Health Care and Limited Purpose FSAs and $7,500 for the Dependent Care FSA.
**Funds can roll over for those who re-enroll in the FSA.<\/p>\n

Attention: Working Parents!<\/h2>\n

A Dependent Care FSA<\/strong> helps you save on the cost of childcare while you work or attend school full-time. Use pre\u2011tax dollars to pay for eligible expenses like daycare, preschool, before\u2011 and after\u2011school programs, and summer day camps. You can also use it for care of a dependent adult who can\u2019t care for themselves.<\/p>\n

Eligibility Rules<\/h2>\n

FSAs come with valuable tax advantages, but they also have IRS\u2011required rules:<\/p>\n