What types of Flexible Spending Accounts are available?
Two types of accounts are available: Health Care and Dependent Care. Money you redirect to your Health Care Flexible Spending Account may be used to pay expenses not currently reimbursed by your group health plan, such as copayments, deductibles, co-insurance, dental services, vision care, etc. A Dependent Care (child care) Flexible Spending Account is used for expenses incurred to enable you and/or your spouse to work. These expenses may be for child care or other qualified dependent care. The annual maximum amount you may redirect to your Dependent Care (child care) Flexible Spending Account is $5,000 ($2,500 if married filing separately). The annual maximum you may redirect to your Health Care Flexible Spending Account is set by the employee. Eligible expenses are for these services received by you and qualifying dependents, even if not covered under the employer sponsored group health plan. You may participate in both accounts or you may choose to participate only in one account or
