HSL will continue to offer two separate Flexible Spending Account (FSA) choices, the Medical Expense FSA and the Dependent Care FSA. Your contributions to these accounts are made with pre-tax payroll deductions. Using pre-tax dollars results in a savings of nearly 30%.

The Medical Expense FSA plan lets you pay for eligible medical, dental, and vision care expenses such as deductibles, copayments, coinsurance amounts and other charges not covered or fully reimbursed under a medical, dental or vision plan. Maximum contributions increased to $2,850 for 2022.

The Dependent Care FSA helps you pay for qualified expenses incurred for care provided to dependents such as your children or elderly parents while you are at work. Maximum contribution for 2022 remains at $5,000.

NOTE: FSA – Your current plan year ends on 3/31/2022. Any remaining balances of $570 or less will carry over to the new plan year. As always, you must log into the online enrollment system if you want to re-elect a Medical Flexible Spending Account, and/or a Dependent Care Flexible Spending Account for April 1, 2022 – March 31, 2023.