Flexible spending accounts (FSAs)

The FSAs, managed through WEX, are tax-free savings account to use for eligible health expenses. Unlike the HSA, you must use the funds in the FSA by the end of the year - or lose it. You must enroll in the Flexible Spending Accounts within your first 30 days from hire, or you will have to wait until next annual enrollment period for coverage effective for the following year. You may change these elections during the year if you experience an eligible qualifying event.

Health care FSA	Limited purpose FSA	Dependent care FSA
Eligibility
Available to employees enrolled in the $400 or $900 Deductible Plan (for Kaiser members in California, the $500 and $900 Plans), not enrolled in the HSA. Also, available to employees not enrolled in a Chubb medical plan.	You must be enrolled in the health savings account (HSA).	Available to all employees with dependent children up to age 13 or dependent elders.
Expenses
Eligible medical, prescription drug, vision and dental expenses.	Eligible dental and vision expenses. After you meet the 2024 IRS-required medical deductible of $1,600 (employee-only) or $3,200 (family), eligible medical and prescription drug expenses are allowed.¹	Eligible dependent care expenses for children up to age 13 and dependent elders. This can include adult day care, after school programs, babysitting while you work and day camp. This account is not for health care expenses. For more information, see IRS Publication 503.
2024 pre-tax contribution limits
$3,200 (at time of publication)	$3,200 (at time of publication)	$5,000 (at time of publication)
Use it up
Your entire annual contribution amount is available to you from the beginning of the plan year. Only up to $640 of unused money will carry over into the next year. The rest is forfeit.	Your entire annual contribution amount is available to you from the beginning of the plan year. Only up to $640 of unused money will carry over into the next year. The rest is forfeit.	You only have access to money that has been deposited into your account. Unused money does not carry over at the end of the year—use it or lose it!
Use your WEX benefits card or log into your account to request reimbursement for payments you’ve made.

¹ If you reached the required deductible for dental and vision expenses, you must complete a deductible Verification form before submitting eligible expenses.

Remember!

You have 90 days from your date of separation or retirement to submit claims for reimbursement of expenses incurred through your last day of employment.

FSA checklist

Submit your eligible 2023 FSA claims by March 31, 2024. Log into your WEX account. Don’t forget your supporting documentation!
Secure your 2023 rollover. If you want a rollover of your unused 2023 health care or limited purpose FSA amounts (up to $640), you must elect to contribute to the account in 2024.
Keep your receipts. If you do not provide the necessary documentation to substantiate your claims when asked, the IRS has the right to tax those amounts as income.

Commuter benefit

To ease the cost of your commute to work, we offer two tax-free commuter accounts: one for parking expenses, the other for transit expenses. These accounts let you set aside before-tax dollars from your pay to cover the cost for monthly parking and/or transit costs.

How the accounts work

You decide how much to contribute, and the money is deducted from your pay before taxes are taken out
You can contribute up to the IRS limit of $315/month for parking and $315/month for transit
Contributions are made from two pay periods per month (or 24 times per year)
Use your WEX benefits card or log into your account to request reimbursement
You must enroll each year for your account balance to rollover over
You have 90 days from the date of retirement to submit claims for reimbursement of expenses incurred through your termination date.
You can change your commuter contributions at any time during the year.
You forfeit any amounts left in your account after you separate from employment.

What’s covered?

Transit expenses: Passes, tokens, fare cards or vouchers for mass transportation, vanpooling for six or more adults using 80% of the vehicle’s mileage to go to and from work.
Parking expenses: Parking at or near your office or where you park to commute by train, vanpool or carpool.

Get Started

Managing Account

To see your balance and manage your account, visit WEX at benefitslogin.wexhealth.com or call 1-866-451-3399.

Flexible spending accounts (FSAs)

1 If you reached the required deductible for dental and vision expenses, you must complete a deductible Verification form before submitting eligible expenses.

Commuter benefit

¹ If you reached the required deductible for dental and vision expenses, you must complete a deductible Verification form before submitting eligible expenses.