A Flexible Spending Account is a special account you put money into each year which can be used to pay for eligible medical, dependent care or transportation expenses with pre-tax dollars. This means you do not pay taxes on the money in your Flexible Spending Account. Funds do not roll over from year to year – if you don’t use it – you lose it! To learn more about FSA click here.

Eligible Expenses Through Flexible Spending Account (FSA)

Medical Reimbursement: You are allowed to put aside pre-tax dollars up to a maximum of $2,750 per calendar year to pay for medical expenses that are not reimbursed by your insurance. Funds are preloaded onto a Visa debit card and are available from the first day of the calendar year.

Dependent Care Reimbursement: You may put aside pre-tax dollars up to a maximum of $5,000 per calendar year to pay for eligible day care expenses (must be a licensed day care provider with a Federal Tax ID number to qualify). This benefit accumulates per pay period and you will only have what you have deposited to use at any given time vs. being available on day one of the year.

Transportation and Commuter Expenses: You may put aside pre-tax dollars for parking expenses up to a maximum of $270 per month at a qualified lot or parking meter system. This is also funded per payroll period like the Dependent Care Reimbursement.

To set up a Flexible Spending Account, visit www.tasconline.com for enrollment. Once enrollment is complete, please send confirmation to ldavis@nullcamden.k12.nj.us.