Flexible Spending Accounts
Flexible Spending Accounts (FSAs) offer a smart way to save on everyday expenses by using pre-tax dollars. There are two main types: the Healthcare FSA, which helps cover medical-related costs, and the Dependent Care FSA, which supports child care and supervision expenses.
Healthcare FSA
The Healthcare FSA helps you pay for essential healthcare expenses such as deductibles, copays, coinsurance, prescription drugs, vision expenses, laser vision correction, dental expenses, and medical equipment. By contributing your payroll dollars into your FSA on a pre-tax basis, you can save on the cost of eligible healthcare items and services.
The annual maximum for 2026 is $3,400.
Dependent Care FSA
The Dependent Care FSA helps you save for the care and supervision of your child(ren). By contributing a portion of your payroll dollars into your Dependent Care FSA, you can save for the services you incur. Some common eligible expenses include child care, preschool, before and after school care, and day camps. School tuition and overnight camps are not eligible.
The maximum annual contribution you can make to your Dependent Care FSA is $7,500 per family for 2026 ($3,750 if you’re married and filing separately).
Eligible Expenses
For guidance on eligible and non-eligible expenses, go to irs.gov/publications/p502.
Contact Fidelity
If you would like to file claims for reimbursement or have additional questions, you can contact Fidelity.