FSA - Flexible Spending Account

WEX Inc Portal Login to view your FSA balance:  www.wexinc.com
Fax:  866-451-3245
Customer Service: 866-451-3399 / Monday - Friday, 7:30 am - 7:30 pm
List of Eligible Expenses / Shop FSA eligible products at:  FSAStore

The IRS has released updated contribution limits for flexible spending accounts (FSAs). 

LIMITS 2026 2025
Medical FSA Contribution $3,400 per year $3,300 per year
Medical FSA Carryover $680 per year $660 per year
Dependent Care FSA Contribution $7,500 per year $5,000 per year

What is a Medical FSA?

A Flexible Spending Account (also known as a flexible spending arrangement) is a pre-tax account you put money into that you use to pay for certain out-of-pocket health care costs. Read more about how FSAs work in this IRS publication (PDF).

A few fast facts about Medical FSAs
  • If you’re married, your spouse can put up to the limit in a medical FSA with their employer too.
  • You can use funds in your medical FSA to pay for certain medical and dental expenses for you, your spouse if you’re married, and your dependents.
  • You can spend medical FSA funds to pay deductibles and copayments, but not for insurance premiums.
  • You can spend medical FSA funds on prescription medications, as well as over-the-counter medicines with a doctor's prescription. Reimbursements for insulin are allowed without a prescription.
  • Medical FSAs may also be used to cover costs of medical equipment like crutches, supplies like bandages, and diagnostic devices like blood sugar test kits.
  • See a list of generally permitted medical and dental expenses.
Medical FSA limits, grace periods, and carry-overs

December 31st is the last day to incur claims for the current plan year. If you have funds remaining after December 31st, the allowed maximum listed above will carry over to the following plan year. Any funds in excess of the maximum will be forfeited. 

You have until the following Valentine's Day to turn in receipts for the plan year. 

FSA/HSA/HRA Expanded Eligible Expenses

The CARES Act expanded the list of eligible expenses for retroactive to January 1, 2020.

  • Over-the-counter drugs/medicines – over-the-counter (OTC) drugs and medicines reinstated as eligible expenses.
  • Feminine products – the CARES Act also includes expenses for “menstrual care products.” The law specifies these items include tampons, pads, liners, cups, sponges, or similar products used by consumers with respect to menstruation.

For a complete list of eligible expenses, please visit the WEX website linked above.

The Savings Power of Dependent Care FSA

A Dependent Care FSA (DCFSA) is a separate pre-tax account used to pay for eligible dependent care services, such as preschool, summer day camp, before or after school programs, and child or adult daycare. It's a smart, simple way to save money while taking care of your loved ones so that you can continue to work.

Why enroll in a Dependent Care FSA?
  • Save an average of 30% on dependent care services
  • Reduce your overall tax burden - funds are withdrawn from your paycheck for deposit into your account before taxes are deducted
  • Take advantage of several convenient, no-hassle payment and reimbursement options

It is important to note that you can access money only after it is placed into your dependent care FSA account. All caregivers must have a tax ID or Social Security number. This information must be included on your federal tax return. If you use the dependent care reimbursement account, the IRS will not allow you to claim a dependent care credit for reimbursed expenses. Consult your tax advisor to determine whether you should enroll in this plan.

  • Dependent Care FSA contributions do not carry over into the following plan year.
  • Funds must be spent by December 31st of the current plan year and you have until the following Valentine's Day to turn in receipts for the plan year.
Dependent Care FSA Eligible Expenses
  • Care for your child who is under age 13, including:
    • Before and after school care
    • Babysitting and nanny expenses
    • Daycare, nursery school, and preschool
    • Summer day camp
  • Care for your spouse or a relative who is physically or mentally incapable of self-care and lives in your home.