Flexable Spending
Understanding your Flexible Spending Account options is a key piece to your financial well-being; these accounts help ease your healthcare expenses through tax savings, so your healthcare dollars stretch further.
MainVue offers a Flexible Spending Account (FSA) through HealthEquity. The money that you put into an FSA is collected from your paycheck before taxes are withheld, which means you don’t pay taxes on those dollars. Please read this page carefully before you make your FSA elections.
|
Health Care FSA and Limited Purpose FSA |
Dependent Care FSA | |
|---|---|---|
| Plan Year | October 1, 2025 – September 30, 2026 | Open Enrollment for the FSA plan takes place in September each year. Enrollment does not continue automatically; you must re-enroll each year. |
| Maximum Election | $3,300 | $5,000 ($2,500 if you are married and filing separately) |
| Eligible Expenses |
Health Care FSA: Eligible out-of-pocket expenses include deductibles, copays, and other health-related costs not covered by medical, dental, or vision plans, as well as over-the-counter medications. Limited Purpose FSA: Eligible out-of-pocket expenses include dental and vision expenses only. |
Dependent care expenses that allow you and your spouse to work or attend school full-time. Expenses include: • Day care • Preschool • Summer camp • Before and after school care • Elder care Funds can be used to care for children under 13 years of age, as well as a spouse or elderly parent who lives with you and is unable to care for themselves. |
| Funds Availability | Funds available as of October 1 | Only funds deposited to-date are available |
| Virtual Care Primary and Urgent Care |
20% Coinsurance | $15 Copay* |
| Do My Funds Rollover? | Yes – At the end of the plan year, you may roll over up to $660.00 | No |
Other Key Information:
“Use it or Lose it” rule: Funds remaining in the account are forfeited if claims are not submitted by the deadline.
You are responsible for keeping your receipts from eligible purchases made with your FSA funds. In the event you are asked to substantiate a charge, you must provide this information (usually within 30 days).