Flexible Spending Accounts (FSAs)
P&A Group administers our Health Care and Dependent Care Flexible Spending Account plans.
Flexible Spending Accounts enable you to set aside a predetermined dollar amount in an account in order to cover eligible out-of-pocket health care and dependent care expenses. IRS rules allow you to contribute to your account(s) through payroll deductions on a pre-tax basis which reduces your taxable income.
Each account is separate; you cannot transfer funds from one to another. Enrollment is voluntary and you can choose to enroll in the plan(s) that meet your needs.
If you elect to participate in any of the FSAs, you may not change this contribution or cancel within the plan year, unless you have a “qualifying life event” as defined by the IRS.
Flexible Spending Accounts (FSA) come in three types: Health Care, Limited Purpose, and Dependent Care. Before you enroll, you should estimate your annual expenses for the plan year. You choose how much to put into each account, up to the IRS maximum. Your contributions are deducted from your paycheck on a pre-tax basis in equal amounts throughout the year.
If you enroll in the HSA medical plan, you cannot enroll in the Health Care FSA. HSA plan members are eligible to enroll in the Limited Purpose FSA where the funds can only be used for qualified dental & vision expenses.
There are important distinctions between the type of Health FSA in which you may participate.
Use pretax FSA dollars to pay for eligible health care expenses, such as:
- Copays
- Prescription drugs
- Contact lenses
- LASIK procedures
- Orthodontia services
To see a complete list of eligible expenses, visit the P&A Group list of eligible expenses. You may participate in the Health Care FSA even if you are not enrolled in one of our health plan options.
The Limited Purpose FSA is available to members enrolled in one of the HSA medical plans. Because HSA members have access to pre-tax savings through the HSA, the Limited Purpose FSA can only be used for eligible dental and vision expenses, until you meet your deductible.
Dependent Care FSA
Use pre-tax dollars to pay for dependent care expenses, including:
- Daycare for your children under age 13 (if both you and your spouse work or go to school)
- In-home care for your adult dependents who are physically or mentally incapable of caring for themselves
To see a complete list of eligible expenses, visit P&A Group list of eligible expenses . Like the Health Care FSA, no health plan enrollment is required to participate in the Dependent Care FSA.
Health Care FSA Rollover
P&A Group Flexible Spending Accounts are “use it or lose it” plans.
However, the Health Care FSA has a rollover option:
-
2026 Plan Year: Up to $680 will roll over into the 2027 plan year. Any remaining balance above $680 will be forfeited.
FSA Debit Card
After enrolling in the FSA for the first time, a debit card will be mailed to your home address in an unmarked white envelope. FSA debit cards are valid for three years. If you do not receive your debit card in time for claims incurred, you may submit a manual claim and be reimbursed.
Pre-tax IRS Maximum Monthly Contribution Limit Changes |
||
|---|---|---|
| Benefit | 2026 Amount | |
| Health Care FSA | $3,400 | |
| Limited Purpose FSA | $3,400 | |
| FSA Rollover | $680 | |
| Dependent Care FSA | $7,500 ($3,750 each if you are legally married and file taxes separately) | |