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Flexible Spending Accounts

Flexible Spending Accounts (FSA) are benefit programs that allow you to use your pre-tax dollars to pay for eligible health care and dependent care expenses.

Wex will administer the 2025 FSAs for the City of Akron.

HEALTH CARE FLEXIBLE SPENDING ACCOUNT

A Health Care FSA is a pre-tax benefit account used to pay for eligible out-of-pocket healthcare expenses.

  • Eligible contributions will be deducted from your paycheck on a pre-tax basis and placed into a separate account. Your contribution amount is preloaded to your Wex account and then deducted over the course of 48 pays through the year.
  • Eligible expenses include copayments, deductibles, dental, and vision expenses not covered by existing insurance.
  • 2025 Maximum Healthcare FSA Contribution: $3,300

DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT

A Dependent Care FSA is a pre-tax benefit account used to pay for eligible dependent care services.

  • Eligible contributions will be deducted from your paycheck on a pre-tax basis and placed into a separate account. With each paycheck, money will be deposited into your Dependent Care FSA account. Dependent Care FSAs are not preloaded like a Health Care FSA. The amount available is what has been accrued at the time of your claim request.
  • Eligible expenses include preschool, summer day camp, before or after school programs, and child or adult care.
  • 2025 Maximum Dependent Care FSA Contribution: $5,000

Rules you need to know

  • Expenses: MUST be incurred between January 1, 2025 and December 31, 2025, plus the grace period.
  • Grace Period: If you have funds left over as of December 31, 2025, you will have up through March 15, 2026 to incur additional expenses.
  • Reimbursements: All expenses must be submitted to Wex for reimbursement no later than March 31, 2026.
  • USE IT OR LOSE IT: Plan very carefully! If you do not incur the anticipated expenses, your contributions are forfeited at the end of the year.
  • Unless you experience a qualifying life event, you cannot change your elections mid-year.

For more information regarding FSAs, please review IRS Publications 502 & 503 or contact Employee Benefits.

City of Akron
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