Flexible Spending Account (FSA)
Save money on health and dependent daycare expenses with Flexible Spending Accounts offered through Child Crisis Arizona. Note, if you are enrolled in the HDHP with HSA, you are not eligible for the Health Care Flexible Spending Account.
Up to $3,400/ year
Up to $7,500 for Family/ year
$3,750 for Single Coverage
Each dollar set aside into the account earns you money. The dollars set aside are never taxed, therefore, saving you 23%-40% in taxes, depending upon your tax bracket.
​
“Rollover” Rule for Healthcare Flex Spending Accounts:
Child Crisis has designed your HealthCare FSA to allow a rollover of up to $680 of unused contribution into the subsequent plan year. At the end of the year additional unused funds over $680 in the Flexible Spending Accounts will be forfeited per IRS regulations. Your FSA election amount is binding for the plan year unless you have a qualifying life event. All expenses must be dated within the plan year in order to be considered for reimbursement. The rollover rule does not apply to the Dependent Care Spending Account.
​
​
Please note: Health Care and Dependent Care Spending Accounts are separate. Per IRS regulations, you cannot transfer monies from one account to the other.