FAQs

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• 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

• What happens if I separate or retire before the end of the plan year? Open Closed

  The balances in your Health Care FSA (HCFSA), Limited Expense Health Care FSA (LEX HCFSA) and Dependent Care FSA (DCFSA) are treated differently if you separate or retire before the end of the calendar year. Your HCFSA or LEX HCFSA will te… Read more…the full answer

• If I separate or retire from service, can I receive my remaining HCFSA or LEX HCFSA balance? Open Closed

  No, you can only be reimbursed for the expenses incurred prior to the date of separation or retirement even if you have accelerated your allotments (FSA contributions). You are not eligible for reimbursement even if there is still mone… Read more…the full answer

• What if I accelerate my allotments and then decide to separate? Open Closed

  You can only be reimbursed for health care expenses incurred prior to the date of separation or retirement even if you have accelerated your allotments (FSA contributions). You are not eligible for reimbursement even if there is still money in you… Read more…the full answer

• I am in a situation where I am unable to enroll during the Open Season although I'm still active on my agency's payroll. Can I still enroll? Open Closed

  If you were unable to enroll during the entire Open Season for reasons outside of your control, you may qualify for a Belated Enrollment . To qualify, Belated Enrollme… Read more…the full answer