FAQs

 Eligibility & Enrollment (Displaying results 21-30 of 63)

Page 3 of 7, Showing 10 Results

• If I have a Health Savings Account (HSA), how does that affect my FSAFEDS eligibility? Open Closed

  A Health Savings Account (HSA) and Health Care FSA (HCFSA) are both funded with pretax dollars. As a result, IRS rules state participants cannot have money … Read more…the full answer

• I am currently enrolled in a general-purpose HCFSA, but I want to enroll in a LEX HCFSA during Open Season since I am enrolling in a HDHP with an HSA. How will this affect my account? Open Closed

  Your Limited Expense Health Care FSA (LEX HCFSA) will be effective on January 1 if you enroll during Open Season, which occurs from mid-November to mid-December each year. If you have $680 or less in your general-purpose HCFSA … Read more…the full answer

• How do I know if I am eligible to participate in a DCFSA? Open Closed

  If you are an active employee of the Executive Branch or of another agency that participates in FSAFEDS, you are eligible to participate in a Dependent Care FSA (DCFSA) with FSAFEDS. The only exception(s) are intermittent or "when actually employ… Read more…the full answer

• Is there a maximum or minimum amount that I can contribute to an FSA? Open Closed

  The maximum annual election for each participant is $3,400 for a Health Care FSA (HCFSA) and $3,400 for the Limited Expense Health Care FSA (LEX HCFSA). The Dependent Care FSA (DCFSA) maximum annual election is $7,… Read more…the full answer

• My spouse has an FSA program at work too. Can I still contribute the full $3,400 to the HCFSA even if my spouse is contributing at work? Open Closed

  Yes. There is no household limit on the amount that can be set aside for a Health Care FSA (HCFSA) or Limited Expense Health Care FSA (LEX HCFSA). The only limits are based on specific plan limits; for instance, … Read more…the full answer

• My spouse has an FSA program offered by their employer. Can I still contribute the full $7,500 to the DCFSA even if my spouse is contributing to a DCFSA as well? Open Closed

  No. Per IRS rules, the total that each family can elect for a Dependent Care FSA (DCFSA) must not exceed $7,500 per household ($3,750 each if married and filing separately). Therefore, you must ensure that you and your spouse limit your individual… Read more…the full answer

• How do you determine my deductions (allotments) from my pay? Open Closed

  When you enroll in FSAFEDS, your annual allotment (FSA contribution) will be divided by the number of pay periods remaining in the calendar year. Example: If you elect $2,000 and your agency has 26 pay periods in t… Read more…the full answer

• How long is the FSAFEDS benefit period? Open Closed

  The FSAFEDS benefit period is January 1 through December 31 of the current year for a Health Care FSA or Limited Expense Health Care FSA. For a Dependent Care FSA, the benefit period is January 1 of the current year through March 15 of the … Read more…the full answer

• What happens if I change agencies during the benefit period? Open Closed

  As long as your new agency participates in FSAFEDS, your account will remain active, but you must notify FSAFEDS as soon as possible to ensure there is no disruption in service. Your account may be frozen until your allotments (FSA contributions) … Read more…the full answer

• When is my FSA available and how do I know how much money is available? Open Closed

  If you are a new employee, your FSA is activated once you've enrolled and your employment is verified through your employing agency or its payroll office. If you enrolled in an FSA during Open Season, your FSA is available on the first … Read more…the full answer