A Flexible Spending Account allows you to reduce your take-home pay by an amount determined by you each Open Enrollment. The FSA will shelter these earnings from taxes in order to allow you to pay for approved medical, transit and/or dependent care expenses tax-free.
Deadline Reminder
The services or expenses that you are claiming for a flex account must occur between April 1 through March 31. Employees have until June 30 to submit claims for the prior plan year.
Mass Transit Account
Mass Transit Accounts are used to pay for eligible mass transit or vanpool expenses associated with travel to and from work, including bus or train. You may reduce your earnings up to $315* per month for mass transit expenses.
The services or expenses that you are claiming for a flex account must occur between April 1 through March 31. Employees have until June 30 to submit claims for the prior plan year.
*Plan limits are established by the IRS annually.