{"id":23364113,"date":"2023-07-10T23:38:21","date_gmt":"2023-07-10T23:38:21","guid":{"rendered":"https:\/\/mybenefitscc.wpengine.com\/isolved\/?page_id=23364113"},"modified":"2026-04-07T15:26:24","modified_gmt":"2026-04-07T22:26:24","slug":"flexible-spending-accounts","status":"publish","type":"page","link":"https:\/\/www.isolvedeebenefits.com\/2026\/flexible-spending-accounts\/","title":{"rendered":"Flexible Spending Accounts"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.21.0″ _module_preset=”default” min_height=”10vh” height=”25vh” max_height=”25vh” global_colors_info=”{}”][et_pb_fullwidth_header title=”Flexible Spending Accounts” _builder_version=”4.21.0″ _module_preset=”default” title_font=”Source Sans Pro|600||on|||||” title_text_align=”center” title_text_color=”#FFFFFF” title_font_size=”2.5em” background_enable_color=”off” background_image=”https:\/\/mybenefitscc.wpengine.com\/isolved\/wp-content\/uploads\/sites\/1365\/2023\/07\/isolved-child-banner.jpg” parallax=”on” parallax_method=”on” global_colors_info=”{}”][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” background_color=”#FFFFFF” global_colors_info=”{}”][et_pb_row column_structure=”2_3,1_3″ _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}”][et_pb_column type=”2_3″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” header_5_line_height=”2.5em” global_colors_info=”{}”]<\/p>\n

Flexible Spending Accounts<\/h2>\n
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Flexible Spending Accounts (FSAs) allow you to set aside pre-tax dollars to pay for eligible health and dependent care expenses. Each year, you must elect the annual amount you want to contribute to an account. Your contributions will be deducted pre-tax from your paycheck in equal installments throughout the year which can help reduce your taxable income.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Choose from the following options:<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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[\/et_pb_text][et_pb_toggle title=”Medical FSA” open_toggle_background_color=”rgba(230,230,230,0.23)” closed_toggle_background_color=”#FFFFFF” icon_color=”#F7008C” toggle_icon=”E||divi||400″ use_icon_font_size=”on” icon_font_size=”24px” open_icon_color=”#02A6DA” open_toggle_icon=”B||divi||400″ open_use_icon_font_size=”on” open_icon_font_size=”24px” module_class=”pa-toggle-icon-left” _builder_version=”4.21.0″ _module_preset=”default” title_text_color=”#000000″ title_font=”Source Sans Pro|600|||||||” title_font_size=”24px” body_font_size=”18px” body_line_height=”1.6em” text_orientation=”left” custom_margin=”-22px|||||” border_width_all=”0px” border_width_bottom=”2px” global_colors_info=”{}”]<\/p>\n

The Medical FSA will reimburse you for eligible medical, dental, and vision expenses that you, your spouse, and your children incur during the plan year. When you incur an eligible expense, you can use your debit card and\/or submit documentation for reimbursement.<\/p>\n

Note:<\/strong>\u00a0<\/span>if you are enrolled in an HSA, you are not eligible to participate in the Medical FSA.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Limited Purpose FSA” open_toggle_background_color=”rgba(230,230,230,0.23)” closed_toggle_background_color=”#FFFFFF” icon_color=”#F7008C” toggle_icon=”E||divi||400″ use_icon_font_size=”on” icon_font_size=”24px” open_icon_color=”#02A6DA” open_toggle_icon=”B||divi||400″ open_use_icon_font_size=”on” open_icon_font_size=”24px” module_class=”pa-toggle-icon-left” _builder_version=”4.21.0″ _module_preset=”default” title_text_color=”#000000″ title_font=”Source Sans Pro|600|||||||” title_font_size=”24px” body_font_size=”18px” body_line_height=”1.6em” text_orientation=”left” custom_margin=”-22px|||||” border_width_all=”0px” border_width_bottom=”2px” global_colors_info=”{}”]<\/p>\n

The Limited Purpose FSA is available to HSA account holders only to set aside pre-tax funds for eligible dental and vision expenses for you, your spouse, and your children. You will receive one debit card to use for your HSA and Limited Purpose FSA.<\/span><\/p>\n

Note:<\/strong>\u00a0<\/span>if you are enrolled in an HSA, you are not eligible to participate in the Medical FSA.<\/p>\n

[\/et_pb_toggle][et_pb_toggle title=”Dependent Care FSA” open_toggle_background_color=”rgba(230,230,230,0.23)” closed_toggle_background_color=”#FFFFFF” icon_color=”#F7008C” toggle_icon=”E||divi||400″ use_icon_font_size=”on” icon_font_size=”24px” open_icon_color=”#02A6DA” open_toggle_icon=”B||divi||400″ open_use_icon_font_size=”on” open_icon_font_size=”24px” module_class=”pa-toggle-icon-left” _builder_version=”4.21.0″ _module_preset=”default” title_text_color=”#000000″ title_font=”Source Sans Pro|600|||||||” title_font_size=”24px” body_font_size=”18px” body_line_height=”1.6em” text_orientation=”left” custom_margin=”-22px|||||” border_width_all=”0px” border_width_bottom=”2px” global_colors_info=”{}”]<\/p>\n

The Dependent Care FSA lets you use pre-tax dollars to pay eligible daycare expenses for children up to age 13, or dependents of any age who are unable to care for themselves. To be eligible, you or your spouse must work, be looking for work, or be full-time students. Care can be provided through live-in care, babysitters, or licensed daycare centers.<\/span><\/p>\n

Note:<\/strong>\u00a0<\/span>if you are enrolled in an HSA, you are not eligible to participate in the Medical FSA.<\/p>\n

[\/et_pb_toggle][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Important Rules to Keep in Mind<\/h2>\n

FSAs offer significant tax advantages, but are subject to IRS regulations:<\/p>\n

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    • All expenses for the FSAs must be incurred during the plan year: January 1 through December 31.<\/li>\n
    • You may roll over up to $680 from the 2025 plan year into 2026.<\/li>\n
    • The IRS has a strict \u201cUse-It or Lose-It\u201d rule for FSAs. Any remaining funds will be forfeited.<\/li>\n
    • Once you enroll in the FSA, you can only change your contribution amount if you experience a qualifying life event.<\/li>\n
    • Each account functions separately. You cannot transfer funds from one FSA to another.<\/li>\n
    • IRS regulations do not allow domestic partner claims to be submitted for reimbursement unless they qualify as a tax dependent under Code Section 152.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

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      Quick Links<\/h3>\n

      [\/et_pb_text][et_pb_button button_url=”https:\/\/www.isolvedbenefitservices.com\/” url_new_window=”on” button_text=”isolved Benefit Services” _builder_version=”4.23.4″ _module_preset=”cb193744-2484-49ef-98b5-394e4cf78c08″ global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/www.isolvedbenefitservices.com\/resources\/fsa-resource-center\/participants#video-library” url_new_window=”on” button_text=”FSA Resource Center” _builder_version=”4.21.0″ _module_preset=”cb193744-2484-49ef-98b5-394e4cf78c08″ global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/www.isolvedbenefitservices.com\/resources\/fsa-resource-center\/participants#guides” url_new_window=”on” button_text=”FSA Resource Guides” _builder_version=”4.21.0″ _module_preset=”cb193744-2484-49ef-98b5-394e4cf78c08″ global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/www.isolvedbenefitservices.com\/resources\/fsa-resource-center\/participants#fsa-store” url_new_window=”on” button_text=”FSA Store” _builder_version=”4.21.0″ _module_preset=”cb193744-2484-49ef-98b5-394e4cf78c08″ global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/www.isolvedbenefitservices.com\/resources\/fsa-resource-center\/participants?wvideo=wf71822gbu#video-library” url_new_window=”on” button_text=”FSA Video Library” _builder_version=”4.21.0″ _module_preset=”cb193744-2484-49ef-98b5-394e4cf78c08″ global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/players.brightcove.net\/5721752960001\/LcbedhroX_default\/index.html?videoId=6066310280001″ url_new_window=”on” button_text=”Dependent Care FSA Video” _builder_version=”4.21.0″ _module_preset=”cb193744-2484-49ef-98b5-394e4cf78c08″ global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”\/2026\/guide” button_text=”2026 Benefit Guide” _builder_version=”4.27.4″ _module_preset=”cb193744-2484-49ef-98b5-394e4cf78c08″ global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

      Flexible Spending Accounts Flexible Spending Accounts (FSAs) allow you to set aside pre-tax dollars to pay for eligible health and dependent care expenses. Each year, you must elect the annual amount you want to contribute to an account. Your contributions will be deducted pre-tax from your paycheck in equal installments throughout the year which can help reduce your taxable income. Choose from the following options: The Medical FSA will reimburse you for eligible medical, dental, and vision expenses that you, your spouse, and your children incur during the plan year. When you incur an eligible expense, you can use your debit card and\/or submit documentation for reimbursement. Note:\u00a0if you are enrolled in an HSA, you are not eligible to participate in the Medical FSA.The Limited Purpose FSA is available to HSA account holders only to set aside pre-tax funds for eligible dental and vision expenses for you, your spouse, and your children. You will receive one debit card to use for your HSA and Limited Purpose FSA. Note:\u00a0if you are enrolled in an HSA, you are not eligible to participate in the Medical FSA.The Dependent Care FSA lets you use pre-tax dollars to pay eligible daycare expenses for children up […]<\/p>\n","protected":false},"author":1042,"featured_media":0,"parent":0,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"dipi_cpt_category":[],"class_list":["post-23364113","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/pages\/23364113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/users\/1042"}],"replies":[{"embeddable":true,"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/comments?post=23364113"}],"version-history":[{"count":8,"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/pages\/23364113\/revisions"}],"predecessor-version":[{"id":23365053,"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/pages\/23364113\/revisions\/23365053"}],"wp:attachment":[{"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/media?parent=23364113"}],"wp:term":[{"taxonomy":"dipi_cpt_category","embeddable":true,"href":"https:\/\/www.isolvedeebenefits.com\/2026\/wp-json\/wp\/v2\/dipi_cpt_category?post=23364113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}