Flexible Spending Account (FSA)

An FSA allows you to set aside money from your paycheck, before taxes, to use on qualified health care and dependent care expenses. You may enroll in an FSA during Open Enrollment, or within 60 days of a consistent Qualifying Life Event (QME). You choose the amount to set aside based on your anticipated eligible expenses. The money is deducted from your paycheck in equal amounts and placed in your FSA. Plan wisely on how much to set aside in your FSA because you must use all the money during the plan year, or lose it.

Sign Up and Save with an FSA

An FSA is a plan sponsored by the Commonwealth of Virginia that allows you to set aside a part of your income on a pre-tax

basis for eligible health or dependent care expenses. The plan year begins July 1 and ends June 30. Your coverage period for

incurring expenses is based on your participation in the program.

Important Dates

Plan year starts: July 1, 2024

Plan year ends: June 30, 2025

Last payroll deduction for plan year: July 1, 2025

Last day to incur eligible expenses: June 30, 2025 or last day of your coverage period

Last day to submit reimbursement requests and verification of outstanding card transactions: September 30, 2025 or three months from the end of your coverage period, whichever is sooner.

Last day to use FSA card for July 1, 2024 – June 30, 2025 expenses: June 30, 2025

You Can Elect to Enroll in One or Both of These FSAs

• HEALTH CARE FSA:  
  • Maximum amount you can put into the account each plan year : $3,200​​​​​​​
  • Eligible expenses: Prescriptions, Deductibles, coinsurance and copays​​​​​​​, Dental care & Vision care
• ​​​​​​​DEPENDENT CARE FSA:
  • ​​​​​​​Maximum amount you can put into the account each plan year : $5,000
  • Eligible expenses: Before and after-school care​​​​​​​, Child day care, adult care or elder care​​​​​​​ & Summer day camp​​​​​​​

Note: Download (FSA) pdf on this page and see a detailed list on page 8 for Health Care and page 16 for Dependent Care.

All full and part-time classified employees and faculty members who are eligible for the State Health Benefits Program may participate in the FSA.