201 Carter Drive, Suite 100
West Chester, PA 19383
2013 Change – The maximum annual election for the Medical Reimbursement FSA has been reduced from $3,500 to $2,500. This change is required under PPACA (healthcare reform).
Click Here to Access the Flexible Spending Account Brochure
Click Here to Access the ESS Enrollment Instructions
A Flexible Spending Account (FSA) is an account you set up to pre-fund your anticipated, eligible medical services, medical supplies
and dependent care expenses that are normally not covered by your insurance. You can choose from two accounts: Medical
Reimbursement FSA (also referred to as a Health Care FSA) and Dependent Care Reimbursement FSA (also referred to as a Dependent
Not only are your Medical Reimbursement FSA funds available to you in one lump sum at the beginning of your plan year, but your FSA
funds are deducted before federal and state taxes are calculated on your paycheck. Dependent Care Reimbursement FSA funds are only
available as they are deducted from your paycheck.
With either FSA, you benefit from having less taxable income in each of your paychecks, which means more spendable income to use
toward your eligible medical and dependent care expenses.
Once you decide how much to contribute to your Medical Reimbursement and/or Dependent Care Reimbursement FSA, the amount is
deducted in small, equal amounts from your paychecks during the plan year. (above information retrieved from FSA Brochure.
For further information please click on the FSA Brochure link above).