ADDITIONAL RESOURCES AVAILABLE ABOVE
Flexible Spending Accounts and Health Reimbursement Arrangements

FLEXIBLE SPENDING ACCOUNTS (FSA)
and
HEALTH REIMBURSEMENT ARRANGEMENTS (HRA)

Use MyFlexOnline to:
Check account balance, deposits, reimbursements and track receipts


How It Works

Here are 3 typical examples:

1. Single parent with one child

Copayments
Prescription Drugs
Qualified Over-the-Counter Items
Eyeglasses, Eye Exams & Contacts
Dental services
Laser vision correction
Before and after-school care & daycamp
$
$
$
$
$
$
$
250
480
160
300
310
800
5,000

TOTAL BUDGETED EXPENSES - $7,300
SAVES $1,875 to $2,920

2. Young couple with two children

Copayments
Prescription Drugs
Dental services
Sealants, crowns & bridges
Braces, spacers & retainers
After-school care, daycamp & pre-K
$
$
$
$
$
$
210
270
320
200
1500
4080

TOTAL BUDGETED EXPENSES - $6,580
SAVES $1,645 to $2,632

3. Mature couple with dependent elder

Copayments
Prescription Drugs
Dental services
Chiropractor & podiatrist fees
Physical therapy
Smoking cessation program
Weight-loss program (for specific disease)
Elder daycare for dependent adult
$
$
$
$
$
$
$
$
360
600
300
100
200
560
380
5,000

TOTAL BUDGETED EXPENSES - $14,539
SAVES $3,635 to $5,816

Here's an example of how a typical employee's take-home pay increases by participating in the FSA.

She pays her health and daycare expenses through the FSA with tax-free dollars - and she actually saves $100 each month!

Her paycheck without the plan Her paycheck with the plan
Salary

Health & daycare expenses

FICA, federal & state taxes

$2,000

-400

-500

  Salary

Health & daycare expenses

Adjusted earnings

FICA, federal & state taxes

$2,000

-400

$1,600

-400

Net pay without the FSA $1,100   Net pay with the FSA $1,200
  Saved $100
CLICK HERE for a worksheet to calculate your own savings!