FAQs

 Eligibility & Enrollment (Displaying results 1-10 of 55)

Page 1 of 6, Showing 10 Results

• What is Login.gov? Open Closed

  Important Information About Login.gov. Login.gov is the safe and secure way to access your FSAFEDS account. To get started, simply select the "Sign in with Login.gov" button at the top right-hand corner of th… Read more…the full answer

• Can re-employed annuitants participate in FSAFEDS? Open Closed

  Yes, re-employed annuitants, full or part-time, can participate in FSAFEDS, as long as they are eligible for FEHB coverage. … Read more…the full answer

• How does the Consolidated Appropriations Act of 2021 (CAA) and the American Rescue Plan Act of 2021 (ARPA) affect my HCFSA, LEX HCFSA and DCFSA? Open Closed

  OPM has implemented many of the flexibilities allowed by the legislation for flexible spending accounts, including: Enrollments and increases/decreases to your current elections through a 2021 Special Enrollment Period (SEP) whic… Read more…the full answer

• How do I know if I'm eligible to enroll in FSAFEDS? Open Closed

  If you are an active employee of an Executive Branch agency, or an agency, commission, or other federal entity that has adopted the Federal Flexible Spending Account Program (FSAFEDS), you are most likely eligible to enroll for at least one of our… Read more…the full answer

• Can annuitants participate in FSAFEDS? Open Closed

  No, under the IRS Code, annuitants cannot participate in an FSA. An FSA is a way to set aside part of your salary - before taxes - for payment of eligible out-of-pocket expenses. An annuity is not considered salary. … Read more…the full answer

• I am in the military. Can I participate in FSAFEDS? Open Closed

  Military members are not eligible to participate in Health Care Flexible Spending Accounts. Military members may be eligible to participate in Dependent Care Flexible Spending Accounts. Beginning with the 2023 Federal Bene… Read more…the full answer

• Does it cost me anything to participate in FSAFEDS? Open Closed

  No. On November 24, 2003, the National Defense Authorization Act was signed into law. Section 1127 of this law (Public Law 108-136) requires agencies participating in FSAFEDS to cover the administrative fee(s) on behalf of their enrolled employee… Read more…the full answer

• What is a Flexible Spending Account? Open Closed

  A Flexible Spending Account (FSA) is a tax-favored program offered by employers that allows their employees to pay for eligible out-of-pocket h… Read more…the full answer

• How can an FSA save me money? Open Closed

  An FSA offers tax savings by allowing you to pay for out-of-pocket health care and dependent care expenses not covered by your health care plan with pre-tax money. Without an FSA, you would s… Read more…the full answer

• Are there any negative factors to the tax savings from an FSA? Open Closed

  While almost all employees benefit from the tax savings, your pre-tax contributions may slightly reduce your Social Security benefits at retirement. However, the value of your current year tax savings will more than offset the very slight reductio… Read more…the full answer