You may contribute up to $3,300 2025 and $3,400 2026 per calendar year (annually) to pay for out-of-pocket medical, prescription drug, dental, and vision care expenses for yourself and your eligible family members \u2014 even if you do not cover your family members under the Wooster health care plans.
You can use the FSA to pay expenses like medical and dental plan deductibles and copays; orthodontia expenses not covered by your dental plan, prescription drugs, prescription glasses and contact lenses, and laser eye surgery.
You are not eligible for the Health Care FSA if you have the Health Savings Account (HSA).<\/p><\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n
This FSA lets you set aside pre-tax money to pay for eligible dependent care expenses for children up to age 13, and eldercare expenses, so that you \u2014 and your spouse, if you are married \u2014 can work. You may contribute up to $5,000 per calendar year ($2,500 if married and filing as single) for 2025. You may contribute up to $7,500 per calendar year ($3,750 if married and filing as single) for 2026. <\/p><\/div><\/div>\n<\/div><\/div><\/div>\n\n\n\n
This account is for those enrolled in the High Deductible Health Plan (HDHP), and may be used for qualified dental and vision expenses only. You may contribute up to $3,300 2025 or $3,400 2026 per calendar year.<\/p><\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/section>\n\n\n\n
<\/p>\n\n\n\n You may elect the following: During enrollment, estimate your annual out-of-pocket dependent day care expenses. This is your annual contribution to your Dependent Day Care Flexible Spending Account. The IRS allows a maximum of $5,000 2025 ($7,500 2026) for your annual contribution. With re-enrollment, you may carry over up to $660 2025 to 2026 ($680 2026 to 2027) of unused health care FSA funds from one plan year to the next, but any funds above $610 will be forfeited if you do not spend them on expenses you incur during the plan year. You will have 90 days after the end of the plan year to submit reimbursement requests. If you enroll in the HDHP, your funds will roll over into the Limited Purpose FSA. Rollover amounts are determined by the IRS year to year.<\/p>\n\n\n\n Debit cards will be issued to new enrollees. You can use your card to access your FSA funds for eligible expenses. This card works like a bank debit card \u2014 just swipe it when you make your purchase and the money will automatically be deducted from your account. You may be asked to document your FSA expenses, so be sure to save your receipts!<\/p>\n\n\n\n Note: A prescription is no longer required for over-the-counter drugs that alleviate or treat injuries or sickness. In addition, menstrual care products are now eligible expenses.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The Flexible Spending Accounts (FSA) is administered by Anthem. FSAs allow you to save money by paying certain health and dependent care expenses on a pre-tax basis. You pay no taxes on the money you put in these accounts, which means more take-home pay for you. An FSA lets you set money aside from your […]<\/p>\n","protected":false},"author":175,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1036","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/pages\/1036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/users\/175"}],"replies":[{"embeddable":true,"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/comments?post=1036"}],"version-history":[{"count":28,"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/pages\/1036\/revisions"}],"predecessor-version":[{"id":6551,"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/pages\/1036\/revisions\/6551"}],"wp:attachment":[{"href":"https:\/\/inside.wooster.edu\/hr\/wp-json\/wp\/v2\/media?parent=1036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
If you elect…
PPO Plan<\/h4>
You may elect one or both of the following:<\/strong>
1. Health Care FSA
2. Dependent Care FSA
<\/p><\/div><\/div><\/div><\/div>
If you elect…
High Deductible Health Plan (HDHP)<\/h4>
<\/strong>– HSA (without FSA)
You may additionally elect:
<\/strong>– Limited Purpose FSA (If you elect the HSA: Used for Dental & Vision Only)
Dependent Care FSA
If 55 years or over, you may additionally elect:<\/strong>
– HSA Catch-Up
<\/p><\/div><\/div><\/div><\/div>
If you…
Decline Medical<\/h4>
You may elect one or both of the following:<\/strong>
1. Health Care FSA
2. Dependent Care FSA
<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n\n\n\nHow the Dependent Care FSA works:<\/h3>\n\n\n\n
Divide your annual contribution by the number of paychecks you receive annually. This is how much money will be deducted from each paycheck and placed in your Dependent Day Care Flexible Spending Account. Remember, you\u2019re saving money because no taxes are taken out of your contributions.<\/p>\n\n\n\nHealth Care FSA Rollover:<\/h3>\n\n\n\n
Flexible Spending Accounts (FSA) Debit Card<\/h3>\n\n\n
![\"\"](\"https:\/\/inside.wooster.edu\/hr\/wp-content\/uploads\/sites\/23\/2022\/10\/Capt11111ure.jpg\")
<\/figure>\n<\/div>\n\n\n