Flexible Spending Account
Flex Made Easy
FSAs provide you with an important tax advantage that can help you pay health care and dependent care expenses on a pre-tax basis. By anticipating your family’s health care and dependent care costs for the next year, you can lower your taxable income. Flex Made Easy will continue to be the administrator of this program in 2023.
Health Care Reimbursement FSA
This program lets USD 231 employees pay for certain IRS-approved medical care expenses not covered by their insurance plan with pre-tax dollars.
The Health Care FSA contribution maximum for 2023 has not yet been released by the IRS. The IRS limit in 2022 was $2,850. If the IRS increases the limit for 2023 and you would like to increase your contribution beyond $2,850, you will have an opportunity to do so before the new plan year begins:
Some examples include:
Vision services, including contact lenses, contact lens solution, eye examinations, and eyeglasses
Dental services and orthodontia
Hearing services, including hearing aids and batteries
As of January 1, 2020, over the counter drugs/medications are covered under the FSA without a prescription. Menstrual products are also included as a qualifying expense.
Note: If you are participating in the Health Savings Account, IRS regulations state you are not permitted to enroll in the traditional Health FSA program.
Dependent Day Care FSA
The Dependent Day Care FSA lets USD 231 employees use pre-tax dollars towards qualified
dependent day care expenses such as caring for children under the age of 13 or caring for disabled dependents over the age of 13 (as long as you and your spouse (if married) are working full-time).
The annual maximum amount you may contribute to the Dependent Care FSA is $5,000 per household (or $2,500 each if married and filing separately) per calendar year.
Examples include: The cost of child(ren) or disabled-dependent care, the cost for an individual to provide care either in or outside of your home, nursery schools & preschools (excluding kindergarten and educational costs).