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Save smarter with an FSA
Use your pretax dollars to pay for eligible out-of-pocket health and dependent care expenses.
What's an FSA? With an FSA, you set aside pretax earnings to pay for eligible health and dependent care expenses. That adds purchasing power, because the money you would have paid in taxes is available for you to spend
Helpful FSA tips
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Save your receipts, in case you need to submit documentation for a purchase.
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Check IRS contribution limits and the list of common eligible expense items on your employer’s plan document or at inspirafinancial.com
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Change your contribution if you have a change in status**, such as marital, employment, or number of tax dependents.
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There is a use-it-or-lose-it rule — you should carefully estimate your expenses so you don’t lose funds at the end of the year. There’s a run-out period that gives you extra time to submit claims for reimbursement and some plans offer a grace period that gives you additional days to use your funds.* See your plan details to know how long you have to submit your claims after your plan year ends.
- You must be working or looking for work to use your dependent care funds. If you’re married, your spouse must either be working, looking for work, or a full-time student.
Add an FSA to your benefits plan today
For more information visit inspirafinancial.com.com. Call us at 1-855-516-8595 (TTY:711)
Monday - Friday 7 a.m. - 7 p.m. CT, and Saturday 9 a.m. - 2 p.m. CT
Note: For more information, download "Save smarter with FSA " pdf on this page.