General

• What is a Flexible Spending Account (FSA)? View more
  A Flexible Spending Account, or FSA, is an employee benefit program that allows you to set aside money, on a pre-tax basis, for certain health care and dependent care expenses. That means YOU keep MORE of your MONEY. FSAFEDS offers three types of accounts:
  
  Health Care FSA (HCFSA), which is used to pay for eligible medical, dental, and vision care expenses.
  
  Limited Expense Health Care FSA (LEX HCFSA), which is used to pay for qualified out-of-pocket dental and vision care expenses
  
  Dependent Care FSA (DCFSA), which is used to pay qualified out-of-pocket dependent care expenses
  
  The average FSAFEDS participant saves 30% on their eligible out-of-pocket expenses as a result of being enrolled.
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• Are expenses paid by my health care flexible spending account tax deductible? View more
  No.  If you use your health care flexible spending account to pay for eligible expenses, you cannot deduct those same expenses from your federal income tax return.  Keep in mind that by IRS law, you are only allowed to deduct medical expenses that exceed 10% of your gross income.  The advantage of the health care flexible spending account is that you can get a tax benefit on health expenses below that threshold. 
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• Is the Federal Flexible Spending Account Program (FSAFEDS) going to be taxed next year? View more
  No, flexible spending accounts are a pre-tax benefit.  By using pre-tax dollars to pay for eligible health care and dependent care expenses, a flexible spending account (FSA) gives you an immediate discount on these expenses that equals the taxes you would otherwise pay on that money.
  
  In other words, with an FSA, you can both reduce your taxes and get more for your money by saving from 20% to more than 40% you would normally pay for out-of-pocket health care and dependent care expenses with after-tax (as opposed to taxed) dollars.
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• Are reemployed annuitants eligible to enroll in FSAFEDS (Federal Flexible Spending Account)? View more
  Yes, reemployed annuitants are eligible to enroll in FSAFEDS as long as they are employed by a participating Federal agency and in a position that conveys Federal Employees Health Benefits (FEHB) eligibility.
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• If I work for an agency that offers FSAFEDS (Federal Flexible Spending Account), but we’re on my husband’s family health plan through his private employer, can I use FSAFEDS? Does he still pay a copay? View more
  Yes, you can use FSAFEDS. Your husband will still pay a copay.Deductibles and copays that you and your eligible family members incur are reimbursable whether you use your FEHB health plan or another health insurance plan. 
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• My wife and daughter are covered under my wife’s non-Federal health insurance. They do not have an FSA (Flexible Spending Account) option with her company. Can I get reimbursed for their health care costs if they are not under my health insurance? View more
  Yes, your health care flexible spending account will reimburse you for their eligible expenses even when they are not covered by an FEHB health plan.
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• Why do we have to submit a prescription to be reimbursed with FSAFEDs (Federal Flexible Spending Account)? View more
  It’s the law.  Under the Affordable Care Act, the IRS requires a prescription for over-the-counter medicines and drugs to be reimbursed.  Another reason is to make sure the person prescribed the medicine or drug is the person who will use it.
  
  You do NOT need a prescription to be reimbursed for eligible over-the-counter expenses that are NOT medicines or drugs.  Some examples of over-the-counter expenses that are not medicines or drugs are band-aids/bandages, crutches and foot orthotics.
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• What are considered "eligible expenses" for the FSAFEDS program? View more
  The Internal Revenue Service (IRS) determines what are considered eligible expenses for all Flexible Spending Accounts. A listing of eligible expenses can be found on the FSAFEDS website at: https://www.fsafeds.com/Support/EligibleExpenses.
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• What is a Dependent Care FSA (DCFSA) ? View more
  A Dependent Care FSA (DCFSA) is used to pay for childcare or adult dependent care expenses that are necessary to allow you and your spouse, if married, to work, look for work or attend school full-time. However, if you did not find a job and have no earned income for the year, your dependent care costs are not eligible. For more information, refer to www.FSAFEDS.com.
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• If both spouses are Federal employees, can each of them apply for individual reimbursement maximum on health care flexible spending accounts (FSAFEDs)? If so, how will this be deducted with the paperless system when the health care is in one spouse’s name? View more

  Health care flexible spending accounts have an individual maximum, not a household maximum.  You and your spouse can each submit claims up to the flexible spending account maximum. 

  There are two ways you can do paperless reimbursement in this scenario.  During the enrollment process, you can select Shared Account Processing.  This would allow the paperless reimbursement to initially come from the FEHB holder’s account.  Once that is depleted, it would come from the spouse’s account.

  Alternatively, you can enroll regularly and submit claims manually to the non-FEHB accountholder.

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