Home / The Federal Flexible Spending Account Program (FSAFEDS)

FLEXIBLE SPENDING ACCOUNTS
 
More than 350,000 Feds use pre-tax dollars to save an average of 30% on their family's health care and dependent care expenses.

When your insurance only covers part of an expense, or doesn’t cover it at all, you’re stuck with the bill. Joining FSAFEDS is like
getting a 30% discount on what you, your spouse, and your eligible children under 26 spend on:

  • Prescriptions
  • Deductibles & copayments
  • Office visits
  • Lab tests
  • Ambulance
  • Transportation  (if it’s apurely medical trip)
  • Eyeglasses
  • Prescription sunglasses
  • Contact Lenses
  • Laser eye surgery
  • Orthodontics
  • Birth control pills
  • In vitro fertilization
  • Massage Therapy
  • Sunblock
  • First aid kits
  • Diabetes testing supplies
  • Hand sanitizer
  • Wheelchairs and walkers
  • And more!

You can also use FSAFEDS pre-tax dollars to save about 30% on your family’s dependent care expenses.
It’s like a 30% discount on:
For your children under age 13:    
• Day care    
• Summer day camp    
• Babysitting    
• Before and after school care    
• Housekeeper whose duties     
   include child care


Non-medical care for any adult who is
mentally or physically incapable of
self-care, who you claim as a dependent
on your tax return, and who lives with
you, such as your:

• Parent, grandparent, or in-law
• Spouse, sibling, or adult child You file claims by mail, fax, or online. Some insurance plans will file claims automatically for you.

FSAFEDS quickly reimburses you for these expenses with pre-tax dollars you’ve set aside from your pay.

  • The annual contribution minimum is $100 for each kind of FSAFEDS account
  • Health care participants have until December 31st to incur eligible expenses and can carry over up to $500 of unused
    funds into another health care account in the subsequent year if requirements are met
  • Dependent care participants have a grace period of an additional 2 ½ months (January 1 through March 15) to continue
    to incur eligible expenses against their prior year balance if requirements are met.  Dependent care participants cannot
    carry over funds from one benefit period into another
  • You can enroll during the Federal Benefits Open Season and must actively re-enroll each year to remain enrolled

MORE INFO: www.FSAFEDS.com or 1-877-372-3337
 
For complete information, including terms and conditions, please visit: www.FSAFEDS.com
U.S. OFFICE OF PERSONNEL MANAGEMENT
 
 

See a list of eligible product categories.

The following are all eligible products!
 

See a list of eligible product categories

More tax information can be found in

 

File Your Taxes with:

Read more about legislation concerning the benefit programs.