Content thumbnail Open Enrollment Template | with audio recording
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Flexible Spending Accounts Flexible Spending Account • You can fund into the account on a pre-tax basis to pay for eligible medical, dental, vision and prescription drug expenses • The maximum contribution for 2023 is $3,050 • Funds are available on the 1st day of the plan year • You can rollover up to $500 ofunused funds into the 2023 plan year • If you are enrolled in the health savings account, your flexible spending account would become ‘limited purpose’ meaning it can only be used for eligible dental and vision expenses Triple Tax Advantage • You can fund into the account on a pre-tax basis to pay for eligible dependent care expenses • The maximum contribution for 2023 is $5,000 • Funds are only available as you accrue them • Funds are ‘use it or lose it’

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