You can establish a Flexible Spending Account (FSA) to manage out-of-pocket medical and day care expenses – and save on taxes at the same time.
Here’s what you can contribute:
- $200 up to $2,650 for the Health FSA
- $200 up to $2,500 for the Dependent Care FSA if you're married and filing separately
- $200 up to $5,000 for the Dependent Care FSA if you're married and filing jointly or are a single parent
Your Health FSA covers
- Medical co-pays, coinsurance, and deductibles
- Dental
- Vision
- Prescriptions
- Over the counter items, such as crutches, bandages and blood testing kits
Dependent Care FSA pays for child care and elder care expenses.
For more information visit NAF Heath Plans.
Still have questions? Email a NAF Benefits representative.
