By putting money into a Flexible Spending Account (FSA), you can pay certain expenses on a tax-free basis and decrease your total taxable income. You do have to calculate carefully the amount you expect to use during the year, so you don't lose money.

We offer 2 FSAs:

Healthcare FSA: Annual maximum for 2025 is $3,300. Funds can be used for any IRS-qualified medical expenses during the year. You must use your funds in 2025 or you forfeit them, although we have adopted a carryover to the following year of up to $660.

If you are enrolled in the HSA plan, you CANNOT elect this type of FSA.

Dependent Care FSA: Annual maximum is $5,000 (or $2,500 if married and filing a separate tax return). Funds can be used to pay qualifying expenses for care of a dependent. These expenses typically cover children under age 13, such as for day care, but also apply to care for older dependents incapable of self-care, including dependent elder care.

There is no carryover of funds to the next year for dependent care FSA.

Eligible Medical Expenses: For a list of eligible expenses for HSA, HRA or health FSA, go to irs.gov/publications/p502.

Filename
Documents
There are no files to list.
FSA Documents
WEX Dependent Care FSA Flyer.pdf
WEX Health Care FSA Flyer.pdf