Flexible Spending Account (FSA)
Community Brands employees have access to Medical, Limited Purpose and Dependent Care Flexible Spending Accounts. WEX is the the administrator for all Flexible Spending Accounts.
With a Medical FSA in 2024, you can set aside up to $3,200 pre-tax to pay for qualified medical, dental and vision expenses. You can even roll over up to $610 in unused FSA funds to the next plan year! And you can access your FSA funds at the point of sale using your debit card supplied by WEX.
A Limited Purpose FSA can be paired with a Consumer Directed Health Plan and HSA, like Medical Option 3. It works just like a Medical FSA except that funds can only be used for qualified dental and vision expenses.
The Dependent Care Flexible Spending Account (DCFSA) is a pre-tax account used to pay for dependent care services such as before or after school programs and child or elder daycare. With the DCFSA, you can contribute up to $5,000 each year – pre-tax – to pay for the care of children up to age 13 or adult elder care.
Medical FSA
Dependent Care FSA
Medical FSA
Account Guidelines
- Annual pre-tax contribution up to $3,200
- Eligible expenses include medical, pharmacy, dental and vision
- Medical FSA cannot be elected if you are enrolled in CDHP with HSA
- Up to $610 in unused funds can be rolled over to the new plan year
Dependent Care FSA
Account Guidelines
- Annual pre-tax contribution up to $5,000
- Expenses are eligible only if a single parent or both parents are gainfully employed, or attend school full time
- Expenses must be for a dependent you claim on your income tax return, under the age of 13 or physically or mentally incapable of caring for him or herself
- Your dependent must live in your home at least 8 hours per day
Limited Purpose FSA
Account Guidelines
- Annual pre-tax contribution up to $3,200
- Eligible expenses include dental and vision
- Can be paired with CDHP and Health Savings Account
- Up to $610 in unused funds can be rolled over to the new plan year
Eligible Dependent Care Expenses
Daycare center, nursery school, summer day camp, or before/after school program that meets state and local requirements.
Babysitters inside or outside the home as long as they are not your legal dependents
Ineligible Dependent Care Expenses
Overnight camps and kindergarten
NOTE: You will be required to furnish the Tax ID or Social Security Number of all your providers to the IRS
More extensive information on the Dependent Care FSA can be found in the Resource section of this page under Dependent Care FSA Account Information
WEX FSA Resources
