Health Care Spending Accounts offer employees the opportunity to pay for eligible out-of-pocket medical costs with pre-tax dollars. Now you can save taxes on the first dollar set aside on your paycheck. The maximum annual allowable amount is $3,000. Health Care Spending Accounts cover an endless list of eligible expenses for which an employee can seek reimbursement. Please review the Health Care Expenses provided on this website to be certain of the eligibility of the desired reimbursement.
Important Note:
- If an employee terminates employment prior to incurring a planned expense, the money is forfeited. However, the employee could elect to continue participation through COBRA and submit expenses past their termination date.