Flexible Spending Account
(FSA)
Paid Time Off
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Benefits-eligible employees may participate in two types of flexible spending accounts: the Health Care FSA and Dependent Care FSA. The money that goes into an FSA is deducted from your pay on a pre-tax basis.
Health Care FSA
What is a Health Care FSA?
The Health Care FSA allows you to put aside money for many medical-related expenses for yourself and your eligible dependents. For 2026, you may set aside up to $3,400 annually. Eligible expenses include:
- Physician or prescription copays
- Over-the-counter drugs
- Prescription eyeglasses
- And more!
Dependent Care FSA
What is a Dependent Care FSA?
The Dependent Care FSA allows you to put aside money to pay for day care expenses for your child, disabled parent or spouses. For 2026, you may set aside up to $7,500 annually ($3,750 if married and filing taxes separately). Children must be under the age of 13 to qualify for reimbursement.
Note: For dependent health care expenses, use the Health Care FSA, not the Dependent Care FSA.
Making Contributions to an FSA
It is important to plan your contributions to the FSAs carefully. You can only make a change during the year if you have a qualifying status change, such as gaining or losing a dependent. In addition, FSAs have a “use it or lose it” provision. If you do not use the funds set aside, you will lose the money in your account. It is important to estimate your out-of-pocket expenses carefully, so you do not forfeit money left in your account.
FSA Rollover
Employees will be able to roll over $680 of any remaining healthcare balance from 2026 into 2027. Additional remaining funds will be forfeited.
Questions?
RWJBH Benefits Center
Call: 844.690.0920
Monday – Friday from 8:30am to 7pm ET
Benefits Enrollment Portal
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