Benefits-eligible employees may choose to participate in the Flexible Spending Account Plans (FSA) allowed under Section 125 of the Internal Revenue Code. Under an FSA Plan, eligible employees may contribute a portion of their paycheck each month (except June and July) to their own personal Health Care FSA and/or Dependent Care FSA. The money redirected to the FSA will never be subject to Federal, State, Social Security or Medicare taxes. As a participating employee incurs eligible out-of-pocket health or dependent care expenses, they simply pay the bill and submit a claim to the FSA claims administrator (American Fidelity Assurance) for reimbursement.
Employees selecting a Health Care FSA have the option to receive a debit card which is linked to their Health Care FSA account. This allows an employee to pay for eligible medical expenses directly using the debit card instead of paying out-of-pocket first. It is very important to keep a copy of all receipts for FSA reimbursable expenses. A reimbursable expense cannot be claimed under both an FSA and a Health Reimbursement Account (HRA). Please review the following documents to determine if a Flexible Spending Account might work for you:
FSA Enrollment Information:
The Health Care FSA annual maximum contribution limit under the district plan agreement for 2024 is $3,050 and will increase to $3,200 for 2025. The Dependent Care FSA annual maximum contribution limit will remain at $5,000 ($2,500 maximum if married filing separately) for 2025. FSA elections can only be made during the annual Open Enrollment period (10/14/24-11/08/24) for the following plan year (2025) or for the current plan year (2024) if you have experienced a qualifying event.
- 2024 - FSA Election Change Form (Qualifying Event Required) - please contact Employee Benefits to confirm eligibility
How to Access your FSA Account Electronically:
To create your account or login to manage your FSA account online to file claims, view account activity and establish direct deposit of reimbursements, please click on a link below:
www.americanfidelity.com
Accessing Your FSA Account Online/Mobile App
American Fidelity Assurance may be reached directly by calling (800) 662-1113 or by email at [email protected]