FLEXIBLE SPENDING ACCOUNT (FSA)
HOW FSA WORKS
The City’s FSA is administered through Conexis. It allows employees to pay for qualified expenses using pre-tax dollars. There is a Medical FSA and a Dependent Care FSA. Full-time employees can annually deduct up to $2,500 for Medical FSA plus up to $5,000 for Dependent Care FSA to a maximum $7,500. FSA provides employees with an option to lower their taxable income.
The City allows deductions of up to $2,500 per year. Qualified expenses include out of pockets cost of:
DEPENDENT CARE FSA
The City allows deductions of up to $5,000 per year for qualified expenses including:
Some ineligible expenses include: kindergarten tuition, private school tuition, overnight care or camps, institutional camps and summer school education or enrollment programs.