Page 17 - 2022 Washington Nationals Flipbook

FLEXIBLE SPENDING ACCOUNTS (FSA)

Flexible Spending Accounts (FSA)

Flexible Spending Accounts allow you to pay for out-of-pocket health and dependent
care expenses on a tax-free basis. You may begin making contributions on the 1st of
the month following 30 days of employment. Our FSA is administered by Benefit
Strategies. Please note, if you are enrolled in the HDHP, you are not eligible to enroll
in the Health Care FSA.

How the Health Care FSA Works Use it or Lose It:

The Health Care FSA allows you to pay for eligible IRS- Consider your expenses carefully before you
approved medical care expenses not covered by your decide how much to contribute to each FSA
insurance plan. Money that you now spend on the account. If your eligible expenses for the calendar
following items can be placed in the FSA pretax. The year turn out to be less than the amount
maximum annual contribution is $2,650. contributed to your FSA account, the Nationals
 Deductibles and copayments
allow for medical FSA participants to rollover up to
 Over the counter medications (prescription required)
$500 from their prior years account. Additional
 Prescription drug copayments funds that rollover do not count against the next
 Dental, vision and hearing care expenses year’s elections. Please see Human Resources for

additional details
How the Dependent Care FSA

Works

The Dependent Care FSA allows you to use pre-tax
dollars towards the following qualified dependent care. Commuter Benefits
The maximum annual contribution is $5000 or $2,500 if All full-time and part-time employees are
married filing separately. eligible to enroll in Commuter Benefits offered
through Benefit Strategies. Before the start
• Preschool or nursery school expenses of the plan year, employees consider if they
• Babysitter in your home
• Day care center want to make an election to set aside up to
• Summer day camp $260 of their pre-tax dollars to go into a mass
• After-school care transit expense reimbursement account.
• Adult day care center or in-home for an adult
dependent

The above is a brief summary of this benefit option.
Click here for more detailed information on this available benefit option.

2022 Washington Nationals Benefit Guide Page 17