Flexible spending accounts (FSAs)
Flexible spending accounts can help you save hundreds of dollars on expenses you know you're going to have.
Note: If you are a newly hired (or rehired) employee, you must wait until the next Annual Enrollment period to enroll in an FSA.
How the FSAs work
- There are two accounts—a Health Care FSA and a Dependent Daycare FSA. You can enroll in one or both.
- You set aside before-tax dollars to pay for eligible expenses.
- As you have eligible expenses throughout the year, you "pay yourself back" from each of your accounts—tax-free! This reduces your taxable income and puts more money back in your pocket.
- Spending the money in your accounts is simple with the Inspira Financial card!
This flyer explains it all . - Plan carefully. There's a deadline for spending money in your FSAs. You can use the money to pay for expenses you have between January 1, 2025 and March 15, 2026. The deadline for submitting claims for expenses is May 31, 2026. Any unused funds remaining in your account after the deadline will be forfeited.
- Be sure to save all your receipts. You may be asked to provide copies to confirm your expenses. If you do not provide receipts when requested, your Inspira Financial card will be deactivated. These are IRS rules we must all abide by.
Health Care FSA
How much can I contribute?
- In 2025, you can contribute up to $3,300.
What can I use it for?
- To pay for eligible health care expenses, such as:
- Copays, coinsurance and deductibles
- Dental and vision expenses
- Prescription medicine and over-the-counter items
- Extra savings on eligible over-the-counter health care items through CVS Pharmacy online.
- You cannot use it to pay for things like elective cosmetic surgery, over-the-counter medications (unless you have a prescription), health club membership fees or maternity clothes.
How do I pay for things and get reimbursed?
- Spending the money in your accounts is simple with the Inspira Financial card!
This flyer explains it all - You can also submit a claim for reimbursement. You can choose to receive reimbursement funds via check or direct deposit.
Download a reimbursement claim form or file your claim online.
Dependent Daycare FSA
How much can I contribute?
To be eligible, you and your spouse (if applicable) must be actively working, seeking employment or a full-time student. In 2025, you can contribute up to $5,000 (regardless of the number of dependents), subject to the IRS limits shown here:
| If you are: | You can contribute up to: |
|---|---|
| Single | $5,000 |
| Married and file a joint tax return, and your spouse does not have access to a Dependent Daycare FSA | $5,000 |
| Married and file a joint tax return, and your spouse has access to a Dependent Daycare FSA | $5,000 (you and your spouse combined for the year) |
| Married and your spouse earns less than $5,000 per year | Any amount up to your spouse's annual earnings |
| Married and you and your spouse file separate tax returns | $2,500 for the year (if your spouse has access to a separate FSA, he or she can also contribute $2,500 to his or her FSA) |
What can I use it for?
To pay the child and elder care expenses of your eligible dependents, such as daycare and nursery school expenses that allow you to work. You cannot use the account to pay for things like overnight camp or general babysitting.
How do I pay for things and get reimbursed?
- Spending the money in your accounts is simple with the Inspira Financial card!
This flyer explains it all . - If you can't use your Inspira Financial card, pay your provider directly with cash or check (be sure to save your receipts). Then, submit a claim for reimbursement. You can choose to receive reimbursement funds via check or direct deposit.
Download a reimbursement claim form
or file your claim online.