What is this service?
All employee contributions to a Flexible Spending Accounts (FSA) are made from pre-tax earnings, lowering your taxable income, and increasing your disposable income. The County offers several different tax savings accounts. Each tax savings account has unique qualified expenses, rules and eligibility to participate. All FSAs & the HSA are administered by Benefits Coordinator Corporation (BCC). Participants will have access to their funds via a debit card, an online platform and mobile app.
Healthcare Flexible Spending Account (FSA)
Who Can Participate? All Employees
Maximum Annual Contribution: $2,750/calendar year with a maximum $550 carryover and minimum $10 rollover
Account Overview: You can set aside money from your pay, pre-tax, and use it for medical, dental, and vision expenses any time during the plan year. Eligible expenses include medical, dental, or vision costs such as plan deductibles, copays, coinsurance amounts, and other non-covered healthcare costs for you and your tax dependents. You don’t have to enroll in one of our medical plans to participate in the healthcare FSA. See the table on the next page for more information on how to access your FSA account. Beginning 1/1/2021 you can rollover up to $550 of your previous year’s FSA unused balance from one calendar year to another. All other unused funds are use it or lose it.
Dependent Care FSA (DCFSA)
Who Can Participate? All Employees
Maximum Annual Contribution: $5,000/calendar year per Household
Account Overview: Pay for eligible out-of-pocket dependent care expenses with pre-tax dollars. Eligible expenses may include daycare centers, in-home childcare, and before or after school care for your dependent children under age 13. All caregivers must have a tax ID or Social Security number. This information must be included on your federal tax return. If you use the Dependent Care Flexible Spending Account, the IRS will not allow you to claim a dependent care credit for reimbursed expenses. Funds in this account are use it or lose it.
Limited Purpose FSA
Who Can Participate? HDHP Enrollees Only
Maximum Annual Contribution: $2,750/calendar year
Account Overview: If you or your spouse participate in an HDHP HSA plan, you are eligible for the Limited Purpose FSA which you can use for qualified dental and vision expenses only (not medical).
Important Information About Your FSA:
- Utilize the FSA Tax Savings Calculator to estimate your tax savings.
- Select an annual contribution amount up to the annual limit. The amount you choose will be divided evenly by the remaining pay periods in the calendar year and deducted each pay period in the calendar year.
- You cannot change the contribution amount you select during Open Enrollment unless you have a qualified change in family status.
- FSA funds can be used for you, your spouse, and your tax dependents only.
- All eligible expenses must occur in the calendar year.
- Grace Period - After the plan year ends on December 31, you have until March 15 to incur eligible expenses and use the DCFSA funds remaining in your account. Claims for expenses incurred during the grace period must be submitted by March 30, the deadline for submitting claims from the previous plan year.
- Each Open Enrollment you must take action to elect your annual contribution amount for your FSA for the next year. Your previous year election will NOT roll-over.
BCC is the third-party administrator for all FSA accounts.
Email: [email protected]
Customer Service Center hours are Monday - Thursday: 5:00am - 5:00pm PT and Friday: 5:00am - 3:00pm PT