Flexible Spending Account (FSA)
Set aside healthcare dollars for the year
- A healthcare FSA allows you to set aside tax-free money to pay for healthcare expenses you expect to have over the coming year
How health care FSA works
- You estimate what you and your family’s out-of-pocket costs will be for the coming year. Eligible expenses include office visits, surgery, dental and vision expenses, prescriptions, even eligible drugstore items.
- You can contribute up to the annual limit set by the IRS. Contributions are deducted from your pay pretax, meaning no federal or state tax on that amount.
- During the year, you can use your FSA debit card to pay for services and products. Withdrawals are tax-free as long as they’re for eligible healthcare expenses.
A Flexible Spending Account (FSA) allows you to pay for a variety of out-of-pocket health care and dependent care expenses pre-tax. Putting money into an FSA before you pay taxes on it saves you money by lowering your taxable income. The result? You pay less in taxes each year.
There are two types of FSAs available to you through Navia:
Healthcare Flexible Spending Account
Set aside pre-tax dollars from your paycheck to cover eligible healthcare expenses such as eyeglasses, contacts, copays, deductibles, prescription medications, and orthodontia. The entire amount you set aside is available to use on the first day of your plan year. FSA Store
Dependent Care Flexible Spending Account
Set aside pre-tax dollars from your paycheck to cover eligible dependent care expenses such as day care, babysitting, and general-purpose day camps for your dependents under the age of 13 while you are at work. You can also use the funds to pay for adult day care services for dependent adults who are unable to care for themselves. You will be reimbursed for eligible expenses as they are incurred and as funds are deposited into your account.
2026 FSA Contribution Limits
The annual contribution maximum is based on the coverage option you elect.
- Healthcare Flexible Spending Account - $3,400
- Dependent Care Flexible Spending Account - $3,750 per individual / $7,500 per household