2025 Health FSA and Dependent Care Account
 

HealthEquity administers our Section 125 Flex Plan. By participating in the Flex Plan, you can pay for health and dependent care expenses with pre-tax dollars.

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FSA plan contributions can include:

• Health Care Account: $3,300 max

• Dependent Care Account: $5,000 max (w/ $2500 employer subsidy)
   

Important:  Re-enrollment is not automatic! Even if you are already enrolled, to participate in 2025, you must re-enroll. Enrollment will be done during the online Open Enrollment session.

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These plans are available to all full-time employees.

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By anticipating your family’s health care and dependent care costs for the next plan year, you can actually lower your taxable income.

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It is important that you carefully and conservatively determine how much to annually contribute to your FSA, because:

• You must incur expenses during the plan year. Expenses incurred outside the plan year will not be reimbursed.

• The IRS does not recognize domestic partners or their children as tax dependents and therefore aren’t eligible to use pre-tax dollars for FSA medical or dependent care accounts.

• The plan year begins January 1 and ends on December 31 of each year. However, TCCA’s FSA plan includes a 2 ½ month grace period (ending March 15) to incur expenses. All eligible claims must be submitted to HealthEquity by June 15, 2026 for reimbursement.

• You cannot be reimbursed for funds remaining at the end of the plan year grace period. “Use it or lose it.” 

• You cannot change your annual contribution amount during the plan year except for certain changes in your family status.

• Employees who are enrolled in the HSA are not eligible to participate in the Flexible Spending Plan.

MEDICAL HOW DO FSA’S WORK?
If you decide to enroll in the Health Care FSA or Dependent Care FSA, your contributions are taken out of each paycheck—before taxes—in equal installments throughout the plan year. These dollars are placed into your FSA into
separate accounts (Health Care/Dependent Care). The Health Care FSA reimburses you for the full amount of your annual election (less any reimbursement already received), at any time during the plan year, regardless of the amount in your account. The Dependent Care FSA only reimburses you for the amount that is in your account at the time you make a claim. You may submit requests for reimbursement at any time during the year, and have until 90 days after the end of the plan year to make requests.

HEALTH CARE FSA
This account enables you to use pre-tax dollars to pay for certain IRS-approved unreimbursed health-related expenses. An example of these health-related expenses are deductibles, copays, and coinsurance. 

Please note: The Patient Protection and Affordable Care Act limits your salary reduction contribution to Health Care FSAs each year.

FSA DEBIT CARD
Participants are eligible for a flexible spending debit card. The debit card can be used to pay for out-of-pocket costs for eligible medical, dental, and vision expenses for you and your qualifying dependents. Although using the debit card can limit the number of receipts that you may need to submit to HealthEquity, HealthEquity may still require submission of receipts on certain claims. It is always good to keep your receipts in a safe place.

DEPENDENT CARE REIMBURSMENT ACCOUNT (DCRA) W/ TCCA SUBSIDY
This account enables you to use pre-tax dollars toward qualified dependent care. The annual maximum amount you may contribute to the DCRA per plan year is $5,000 or $2,500 if married but filing taxes separately.

 

TCCA will contribute $2,500 to your DCRA (pro-rated for mid-year enrollees).
 

Annual minimum employee contribution is $1,000.

ELIGIBLE EXPENSES
If you elect to contribute to the DCRA, you may be reimbursed for:

• The cost of child or adult dependent care

• The cost of an individual to provide care either in or out of your house

• Nursery schools and preschools (excluding kindergarten)

For these services to be eligible, they must be for the care of a tax-dependent child under the age of 13 who lives with you; or a tax-dependent parent, spouse or child who lives with you and is incapable of caring for themselves. The care must be needed so that you and your spouse can go to work or attend school full-time. Care must be given during normal working hours—Saturday night babysitting does not qualify—and care cannot be provided by another of your dependents.