Flexible Spending Account (FSA) is a benefit governed by the IRS and sponsored by your employer. A FSA allows you to pay certain Health Care and/or Dependent Care expenses with pre-tax money. Money is diverted out of each of your paychecks on a pre-tax basis and put into a Health Care Reimbursement Account and/or a Dependent Care Assistance Account.
Health and Dental Insurance Premium Offset: You may have your health and dental premiums deducted from your pay check on a pre-tax basis. This will reduce your gross pay and as such your tax liability.
Dependent Care: This also allows you to have a pre-tax payroll deduction for daycare expenses. Since this is also pre-taxed, it reduces your gross pay and as such, your tax liability.
***NOT ALL OVER THE COUNTER MEDICINES AND ITEMS REQUIRE A DOCTOR'S PRESCRIPTION***
If you want a good reference to see exactly which items do not require a prescription, click on the FSA Store Banner at the bottom of Benefit Strategies home page and look at the list on the left. Items in red box with white checkmark do not require a doctor's prescription and the items listed in blue box with white RX sign do require a doctor's prescription. Please know that the City is not endorsing that you purchase from that site, it is simply a great listing of what does or does not require a prescription.
These Flexilble Enrollment Forms are used to enroll in the Health Care Reimbursement Account, Dependent Care Assistant Account, or elect your health and dental premiums to be deducted pre-tax.
- Direct Deposit Authorization Form
Form used to request that your reimbursements for your Health Care Reimbursement Account or Dependent Care Assistant account be directly deposited to your specified checking or savings account.
- Participant Status/Change Form
If you have a qualifying event during the calendar year; such as marriage/divorce, etc. and need to change your flexible benefit contributions complete this form and send it to HR; Attn: Benefits.
- Reimbursement Request Form
Claim Form to request reimbursement from your Health Care Reimbursement Account or your Dependent Care Assistance Account.
- Physician Statement Form
If you have an existing disease, have your doctor fill this form.