Flexible Spending Accounts
How do I enroll in a Medical Care or Dependent Care FSA?
If you are a new hire, your employer will provide you with details of your eligibility and the proper enrollment forms. If you do not enroll within your initial eligibility period you must wait for the next annual enrollment period.
Each year eligible employees are given the opportunity to enroll in both FSA plans prior to the start of the company's plan year. If an employee does not elect to participate at that time they must typically wait until the next annual enrollment period, unless they experience an eligible election change event (e.g., a change in their martial status, the gain or loss of a dependent, etc.).
Click here for the Flexible Spending Account Enrollment Guide.
View additional questions:
- What is a Flexible Spending Account (FSA)?
- How much can I contribute to each account?
- What expenses are reimbursable under each of the plan?
- How do I enroll in a Medical Care or Dependent Care FSA?
- Do I have to participate in my employer's medical insurance plan to enroll in the Medical Care FSA?
- What's better for me, the Dependent Care FSA or the Federal Dependent Care Tax Credit?
- Can I change my Medical Care or Dependent Care election at any time?
- When can I submit a claim for reimbursement?
- How do I submit a claim for reimbursement of my expenses?
- What happens if I terminate employment during the year?
- What happens if my expenses are lower than anticipated?
- Are there any filing requirements at the end of the year when I file for my income taxes?