Flexible Spending Accounts

2021 Open Enrollment was held from November 19th, 2020 until December 8th, 2020. 

Flexible Spending Accounts ("FSA") are accounts where you can set aside money PRE-TAX to help pay for out-of-pocket health care expenses and/or daycare expenses.

By signing up to save pre-tax for your health care expenses within a Health Care Flexible Spending Account (HCFSA) you will not be charged an administration fee. If you add a Dependent Care Flexible Spending Account (DCFSA) along with an HCFSA, that fee will be waived as well. Only enrollees in a solo DCFSA will incur a small monthly charge of $2.35.

2021 maximum HCFSA amount $2,750. DCFSA $5,000.

 

Additional FSA Program Benefits: 

  • Automatic roll-over of up to $550 of unused HCFSA dollars from year-to-year (roll-over is not available for DCFSA)
  • Easy-to-use debit cards for both health care and dependent care expenses 

FSA Plan Administrator:  www.padmin.com 1-800-688-2611 (Monday-Friday 8:30am-10:00pm EST)

To view your account, go to the www.padmin.com.