If you care for a child or adult who is incapable of self-care, who lives in your home for at least eight hours each day, and whom you can claim as a dependent on your income taxes, you may be able to take advantage of dependent care through a flexible spending account (FSA). ...
(*Represents Q1 2023 average) 0% Fortune 1000 companies use the WEX platform* (*March 2022 audit) A better participant experience designed to maximize participation One card, one online account, and one mobile app. Ease member experience with WEX’s easy-to-use system that accommodates your...
A flexible spending account lets you use pretax money to pay for health or dependent care expenses.
An FSA is an account that you can put money into to pay for certain out-of-pocket health care costs. Learn about the different FSA types and how to get started.
No health insurance policy covers everything, and that's where Flexible Spending Accounts (FSAs) come in. FSAs are basically bank accounts reserved to pay for your out-of-pocket health care costs. Of course, anyone can put aside money to cover health exp
Real-time notifications about account activity We own our platform, have full control over enhancements, and focus on employee satisfaction Making Spending Effortless Employees and their dependents can easily spend their funds with industry-leading features such as: ...
Flexible Spending Account REIMBURSEMENT REQUESTDay, DependentExpenses, CarePage, SeeCare, HealthTotal, ExpensesEmployee, ParticipatingDate, Signature
The limits for 2023 are: • Health care or limited-use FSA – $3,050 • Dependent care reimbursement account (DCRA) – $5,000 for a single person or married filing jointly, and $2,500 for married filing separately • Transportation account – $300 per month • Parking account –...
Flexible spending accounts (FSAs):Aflexible spending accountalso enables employees to use pre-tax money to pay for healthcare expenses. Employer and employee contributions are allowed up to the IRS-defined annual limit3. Unlike HSAs, FSAs funds don’t roll over from year to year, and employees...
If you care for a child or adult who is incapable of self-care, who lives in your home for at least eight hours each day, and whom you can claim as a dependent on your income taxes, you may be able to take advantage of dependent care through aflexible spending account (FSA). ...