Flexible Spending Accounts (FSA)
Flexible Spending Accounts allow you to set aside a portion of your pay on a pre-tax basis to pay for eligible medical, dental, vision, child care and elder care expenses. The money you contribute to these plans reduces your taxable income, thereby reducing your taxes. For 2013, you may set aside up to:
- $2,500 per calendar year for health care expenses, and
- $5,000 per calendar year for dependent care expenses.All requests for reimbursement of Health Care and/or Dependent Care expenses incurred during 2012 must be made to Crosby Benefits Systems by April 30, 2013. Once enrolled in a Health Care and/or Dependent Care FSA Account for the 2013 plan year, you will be sent a letter from Crosby Benefit Systems, Inc., which will provide information on how to set up an on-line account and use the Health Care Flex Debit Card. Contact information for Crosby Benefit Systems, Inc. is located on the sidebar.
Note: Employees who are enrolled in a Health Care FSA will need a doctor’s prescription to be reimbursed for Over-the-Counter (OTC) drugs and medicines, such as Claritin, Advil and Robitussin, from their accounts.?A prescription is a written or electronic order for a medicine or drug that meets the legal definition of an Rx in the state where the expense is incurred and is issued by a legally authorized person in that state.