Flexible Spending Account (FSA)

PCS offers both a Healthcare FSA and a Dependent Care FSA to help you save.

Flexible Spending Accounts (FSAs) are a great way to save on income taxes while you budget for healthcare and dependent care expenses. FSAs allow you to pay for out-of-pocket medical expenses (such as prescription drug deductibles and copays) or dependent daycare costs with pre-tax dollars. This leaves a smaller amount of your income subject to taxes. When you pay less income taxes, your take-home pay increases! When you elect a Healthcare FSA, you have access to your full annual election amount on the very first day of the plan year or the very first day your benefit becomes effective.

What can I use an FSA for?

Inspira Financial is the administrator of the Flexible Spending Accounts for Pinellas County Schools.
Estimate Your Expenses – Take the time to estimate your health care and/or dependent care needs for the year.
Use the Healthcare FSA and Dependent Care FSA planners at www.aetnapcsb.com, where you can link to Inspira Financial.

Account

Used for...

Contributions

Healthcare FSA

Eligible medical, dental, and vision plan deductibles, coinsurance, or copays and additional eligible healthcare expenses throughout the plan year. Think of it as a savings account that helps you pay for expenses like doctor's office visits, prescription drugs, dental expenses and vision expenses. (1)
Funds are advanced and accessible by debit card to pay for out-of-pocket health care expenses.
See IRS Publication 502 for a list of eligible expenses.

Minimum: $10 per pay
Maximum: $3,000 per year
Board Contribution Credits Count! If you do not enroll in a medical plan, you can enroll in a Healthcare FSA and authorize from $10 up to $50 of your Board Contribution Credits.

Dependent Care FSA

(This account is not for health care expenses)
Dependent Care FSA is a pre-tax benefit account used to pay for dependent care services such as daycare, summer day camp, before or after school programs, and elder daycare. A dependent care FSA is a smart, simple way to save money while taking care of your loved ones so that you (and your spouse) can continue to work.
Funds cannot be used until they have been deducted from your paycheck and deposited into your account. Please take this into account as you budget for your dependent care expenses. You will have to file manual claims for Dependent Care FSA reimbursements.
See IRS Publication 503 for a list of eligible expenses.

Minimum: $10 per pay
Maximum: $7,500 or $3,750 if you are married and file taxes separately. (2)
Debit cards are not issued for Dependent Care.
The funds must be deposited in your account before you can request reimbursement on a claim form.

1. Keep your EOBs for Healthcare FSA – you may be asked to provide documentation when you use your FSA debit card.
2. If married and file separate tax returns, you and your spouse may each contribute up to $3,750. Both must be working to participate in this account, unless your spouse is a full-time student, totally disabled, or looking for work on a full-time basis.

WARNING! Estimate your FSA contributions carefully. The IRS “use it or lose it” rule says you must use all of the money you deposit into your FSA(s) by the end of the plan year or within 90 days of your termination date (whichever is earlier), or you will forfeit any remaining balance in your account(s). Unsubstantiated claims will be reflected as taxable income.

In This Section

Flexible Spending Account (FSA)

What can I use an FSA for?

Inspira Financial Claim Forms

Inspira Financial Information & Flyers

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