Flexible Spending Accounts (FSAs) are independent savings plans that allow you to take advantage of a before tax deduction for eligible out of pocket expenses. FSA accounts are optional and can only be selected during the Benefits Open Enrollment period or within 31 days of a qualifying life event.
Please note that once FSA accounts are selected, they are active through the remainder of that calendar year and you must re-enroll each year. Eligible expenses must be incurred by December 31 of each calendar year and any reimbursement claims must be submitted to the vendor by March 1 of the following year. Enrolled participants will automatically receive a Beniversal Prepaid MasterCard with convenient access to your account funds for eligible expenses. For additional information regarding FSA please contact our benefits team at [email protected].
Flexible Spending – Health
This account will allow you to deposit up to $2,500 of your annual pre-tax income for eligible medical, dental, and optical costs. Up to $500 of your used balance will roll over to the next plan year if you re-enroll for the next year’s plan. Once enrolled, the allotted funds will be loaded on your Beniversal Prepaid MasterCard for you to pay for eligible healthcare expenses or you can be reimbursed by submitting your receipts for eligible healthcare expenses. The Healthcare FSA plan is managed by Benefits Resource, Inc., and additional information can be found via the link below.
For additional information regarding Healthcare FSA, please visit benefitresource.com.
Flexible Spending- Dependent Care
This account will allow you to deposit up to $5,000 of your annual pre-tax income for eligible expenses related to eligible young children or disabled adult children. Once enrolled, these allotted funds are reimbursed by submitting receipts for eligible dependent care expenses. All unclaimed allotted funds will be forfeited by the end of the plan year. The Dependent Care FSA plan is managed by Benefits Resource, Inc., and additional information can be found via the link below. Employees must re-enroll in both the Healthcare and Dependent Care FSA accounts each year.
For additional information regarding Dependent Care FSA, please visit benefitresource.com.
Flexible Spending – Commuter Transit
This account will allow you to deposit up to $255.00 per month of your monthly pre-tax income for eligible transit expenses. Once enrolled, the allotted funds will be loaded bi-weekly on your Beniversal Prepaid MasterCard for you to purchase your work related monthly bus, train, and/or metro passes. Note that Commuter Transit expenses incurred not using the Beniversal Prepaid MasterCard cannot be reimbursed. The Commuter Transit FSA plan is managed by Benefits Resource, Inc., and additional information can be found via the link below.
For additional information regarding Commuter Transit and Parking, please visit benefitresource.com.
Flexible Spending - Commuter Parking
This account will allow you to deposit up to $255 per month of your monthly pre-tax income for eligible parking expenses. Once enrolled, the allotted funds will be loaded bi-weekly on your Beniversal Prepaid MasterCard for you to pay for your work related parking expenses or you can be reimbursed by submitting your receipts for eligible work related parking expenses. The Commuter Parking FSA plan is managed by Benefits Resource, Inc., and additional information can be found via the link below. Unlike the Healthcare and Dependent Care accounts, Commuter Transit and Parking accounts can be adjusted or waived at any time during the calendar year by contacting the DCPS Benefits Team at [email protected].
For additional information regarding Commuter Transit and Parking, please visit benefitresource.com.