Healthcare Flexible Spending & Dependent Daycare Flexible Spending Account
Participating in the Flexible Spending Account (FSA) available through Cobb EMC can increase your take-home pay by reducing your taxable income. It allows you to potentially save up to 30% on your eligible healthcare and/or dependent care expenses every year by using pre-tax dollars vs. post-tax dollars to pay for those expenses.
We recommend prior to making an election, you consider and derive a conservative estimate of how much you spend on healthcare and/or dependent care expenses for you and your qualified dependents in one year. For example, you may want to consider your estimated cost for prescription drugs, medical and dental office visit co-pays and/or deductibles, as well as vision related needs including exams and prescription glasses/lenses.
Effective January 1, 2019 the Healthcare Flexible Spending Account maximum contribution limit is $2,650. The maximum contribution limit on the Dependent Daycare Flexible Spending Account is $5,000.
FSA Filing Deadlines:
Deadline to incur FSA claims using 2018 FSA funds is March 15, 2019.
Deadline to file 2018 FSA claims is March 31,019.
Administration of the run out claims from 2018 will be handled by Flores.
Benefits Provided by TASC.
- TASC Mobile App Flyer
- Health FSA Eligible Expense List
- Dependent Care FSA Qualifications List
- TASC Website