Round Rock ISD partners with HealthEquity WageWorks to offer its employees two Flexible Spending Accounts, a Health Care and a Dependent Care FSA. Both let you pay for eligible expenses with pre-tax dollars.
You contribute to an FSA with pre-tax money from your paycheck. This means you don’t pay federal income taxes on this money. This, in turn, lowers your taxable income. Consider an FSA…it’s a smart way to pay!
Medical Flexible Spending Account eligible expenses include:
Dental
Ambulance Service
Sunscreen
Shoe Inserts
Sleep Aids
Insulin Testing Supplies
Chiropractic Care
Menstrual Care Products
Cold and Cough Medicine
Eyeglasses/Contacts
Doctor Visits
Pain Relievers
2024 Flexible Spending Account Information
- The 2024 plan year maximum for health care flex spending is $3,050.
- The 2024 plan year maximum contribution for dependent day care flexible spending is $5,000.
- Plan Year: January 1 through December 31.
- Debit cards (medical FSA only) are pre-loaded with the annual amount that you elected and are mailed to your home address on file in the Employee Self Service (ESS). Make sure your address is up-to-date in the ESS.
- If enrolled as a new hire or during annual open enrollment, you will have access to the entire amount on the first day of your coverage effective date.
- Claims must be incurred during the Plan Year.
- A list of eligible medical expenses may be found in the FSA providers website.
- USE IT OR LOSE IT: If you do not spend all the money in your FSA by December 31, unused dollars will be forfeited.
- More information is available in the Employee Benefits Guide pages 8 and 9 or the FSA provider website.
- Claims must be filed with HealthEquity® WageWorks no later than 60 days following December 31.
- To view your funds, file claims or to contact the FSA provider you will need to set up your account online or download the mobile app. Accounts must be activated online prior to using the mobile app.