Flexible Spending Accounts
Dependent daycare flexible spending accounts (DCFSA) and health care flexible spending accounts (HCFSA) are an excellent way to set aside money on a pre-tax basis (federal, state and social security tax), to pay for qualified dependent day care and/or out-of-pocket health care related expenses (premiums excluded). FSA dollars must be used for qualified dependents and/or health care expenses incurred during each calendar year. Qualified dependents do not have to be on your health plans to be eligible for the flexible spending account expenditures.
To learn more about flexible spending accounts, visit the North Carolina Office of State Human Resources page.
Dependent Day Care Flexible Spending Account
This plan benefits employees with dependent children under age 13, an incapacitated spouse, or dependent adult who lives with the employee at least 8 hours a day. With this account, you are reimbursed with pre-tax payroll contributions for qualified child and/or dependent adult care expenses. Services must be incurred and contributions must be in the account before reimbursements are made. There is a $5,000 family maximum limit.
Health Care Flexible Spending Account (HCFSA)
Setting aside pre-tax payroll contributions for the Health Care FSA is an excellent way to pay for qualified out of pocket health care related expenses not covered by dental, medical and/or vision insurance plans (premiums excluded). Employees have access to the total amount elected for the calendar year as of January 1 and reimbursement for qualified expenses may occur prior to payroll contributions. The HCFSA account may be used for employee and qualified dependent expenses. A debit card is available for use with the HCFSA.
For details on the Flexible Spending Accounts, click on the links below:
Dependent Day Care Flexible Spending Account
- Minimum of $120/year; maximum of $5,000 per year. If both you and your spouse can contribute to this or a similar plan, the maximum family contribution is $5,000 per calendar year.
Health Care Flexible Spending Account
- Minimum of $120/year; maximum of $2,750/year.
Coverage begins on the first day of the month following the date you are eligible for coverage. If you lose eligibility for coverage, terminate employment or retire, your coverage will end on the last day of work.
Enrollment is through ConnectCarolina Self Service and you have 30 calendar days starting with your date of eligibility (usually your hire date or job status change date) to complete enrollment.
To submit claims electronically, check your account balance and find other useful tools, log in to NCFlex.