Health and Dependent Care FSA

Offered by Employee Benefits Corporation (EBC)

Flexible Spending Accounts (FSA) provide you with an important tax advantage that can help you pay health care and dependent care expenses on a pre-tax basis. By anticipating your family’s health and dependent care costs for the next plan year, you can actually lower your taxable income.

There are two types of FSAs: health care FSAs and dependent care FSAs. A health care FSA helps you save money on eligible health expenses and a dependent care FSA helps you save on eligible dependent care expenses. For both types of FSAs, you choose how much pre-tax money you would like to contribute to the account(s), up to the annual limit of $3,400 for Healthcare FSA and $7,500 for Dependent Care FS