Healthcare Flexible Spending Account | Green Dot Public Schools: Texas

Healthcare Flexible Spending Accounts (HCFSA)

You choose how much to contribute for the year, up to the IRS maximum — in 2022, this is $2,850. The money comes out of your paycheck before it’s taxed, lowering your tax bill.

HCFSA Account Overview

Contributions are deducted over 21 pay periods with no deductions on the January 9, July 24, and August 9 pay periods.
You can only change your contribution amount during the year if your personal situation changes.
Pay for eligible healthcare expenses, including deductibles, copays, dental care, vision care, counseling, prescription drugs, and prescribed over-the-counter drugs and products not covered by a medical plan. See a complete list of eligible expenses.
Spend your money by swiping your FSA debit card, or log in to WageWorks to request reimbursement for payments you’ve made.
Your entire annual contribution is available to you from the beginning of the plan year.
Up to $570 of unused money may be carried over to the next year; amounts above $570 will be forfeited.