FLEXIBLE SPENDING ACCOUNTS Flexible Spending Accounts (FSAs) are set up to pay for many of out-of-pocket medical expenses with tax-free dollars. The Remember to enroll in FSA account holder sets aside a pre-tax dollar amount for the year used to pay for medical expenses. Important: unused Rippling if selecting FSA FSA funds can expire at the end of the year, so it is important to calculate expected expenses as accurately as possible prior to adding funds. 1 HEALTHCARE FSA 2 LIMITED PURPOSE FSA 3 DEPENDENT CARE ACCOUNT (DCA) FSA The FSA can be paired with a Copay Plan. Employees The Limited Purpose FSA can be paired with A DCA can also be paired with BOTH the HDHP or who enroll in the HDHP are NOT eligible for the BOTH the HDHP or the Copay Plan. The Limited the Copay Plan. A DCA is a tax-free account for Healthcare FSA. FSA funds can be used on various Purpose FSA can be used on Dental and Vision dependent care expenses such as daycare, medical, dental, and vision related expenses – the expenses only. By adding money to a Limited preschool, or day camps for any dependent under benefit is to use tax-free dollars on these purchases. Purpose FSA, employees can use tax-free dollars the age of 13 or who are physically or mentally The IRS has set the contribution maximum to $3,300 on dental and vision expenses. incapable of self-care. The IRS has set the annually (carryover option applies.) The IRS has set the contribution maximum to contribution maximum at $5,000 for families and $3,300 annually. $2,500 for individuals. VIEW ELIGIBLE EXPENSES