Flexible Spending Accounts (FSA)
Health Care Flex Spending
Use tax-free dollars deducted from your paycheck, with the full amount added to your Health Care Flexible Spending Account at the beginning of each period, for any qualified expense, including:
- Copayments for doctor visits
- Health plan deductibles and co-insurance
- Prescriptions
- Dental and orthodontic care
- Hearing aids
- Eyeglasses, contact lenses, laser eye surgery
Dependent Care Flex Spending
Use tax-free dollars deducted from your paycheck for qualified childcare expenses, such as:
- Preschool
- Before or after school programs
- Daycare
- Summer day camp
Health Savings Account (HSA)
- Active employees enrolled in the My Savings Plan medical plan will receive a $520 annual HSA Contribution, provided by the City.
- Tax-advantaged account established to pay for qualified health expenses for those covered under a HSA qualifying High-Deductible Health Plan (HDHP).
- Those enrolled in the Standard Medical Plan are not eligible to make contributions into a Health Savings Account.
- Eligible HSA expenses include medical, dental, vision, and prescription drug expenses.
- Can contribute pre-tax dollars into an HSA where your funds accumulate tax-free.
- Health Savings Accounts are owned and managed by you, and unused balances carry over year to year, and can even be saved to use after you retire.
