Flexible Spending Account

What is a Flexible Spending Account?
Set aside money into your FSA for eligible expenses incurred by you, your spouse or your children. Remember to keep your receipts and/or other documentation in case it is needed to verify the medical, dental, vision or dependent care expense. Visit www.naviabenefits.com for a complete list of qualified expenses.

Healthcare FSA
The money that you set aside into the Healthcare FSA can be used to pay for eligible medical, dental and vision expenses. The entire amount that you set aside is available on the first day of the plan year. The projected annual limit for 2024 is $3,200.

Dependent Care FSA
The Dependent Care FSA allows for funds to be set aside to pay for qualified child care expenses for dependents under the age of 13 if both you and your spouse work, or you are a single parent. The funds may also be used for adult day care services if you have an older dependent who lives with you at least 8 hours each day and requires daily care services. Unlike a Healthcare FSA, you may only use the funds that have been deposited into your account to pay for expenses that have already been incurred. The 2024 annual limit is projected to be $3,200 (for married couples filing separate federal taxes) or $5,000 (for married couples filing joint federal taxes or single persons filing as head of household).