An FSA is an annual account, and as a rule, the money you contribute must be used within the FSAFEDS Benefit Period. That’s why it’s important to estimate how much you spend on eligible FSA expenses – those for you, your spouse, and your eligible dependents.
Use one of the calculators below to estimate eligible expenses. This will help you determine what annual election amount is right for you and your family.
Health Care FSA Calculator
This FSA covers eligible medical, dental, and vision expenses. With a HCFSA, you can carry over up to $680.00 to the next year if you have a remaining balance at the end of the year, and if you re-enroll in FSAFEDS during Open Season.
Limited Expense Health Care FSA Calculator
If you have a Health Savings Account (HSA), this FSA is compatible with it. LEX HCFSA funds cover eligible dental and vision care expenses. With a LEXFSA, you can carry over up to $680.00 to the next year if you have a remaining balance at the end of the year, and if you re-enroll in FSAFEDS during Open Season.
Dependent Care FSA Calculator
Use this FSA to reimburse yourself for eligible dependent care services, such as child or elder daycare. It does not cover eligible medical expenses for your dependent(s). The Dependent Care FSA doesn’t allow you to carry over funds from one year to the next, but this FSA does have a grace period. Please estimate your expenses carefully.
