FSAFEDS 3.2.0

FSAFEDS is a flexible spending account program offered by WageWorks, designed for federal employees to allow them to set aside pre-tax dollars for eligible healthcare and dependent care expenses.

All federal employees who are eligible for the Federal Employees Health Benefits Program can participate in FSAFEDS.

FSAFEDS offers two types of accounts: the Health Care Flexible Spending Account (HCFSA) for medical expenses and the Dependent Care Flexible Spending Account (DCFSA) for child or dependent care expenses.

You can enroll in FSAFEDS during the federal benefits open season or after a qualifying life event through your agency's benefits office.

The maximum contribution limit for HCFSA is $3,050 per year (as of 2023), while the maximum for DCFSA is $5,000 per household per year.

You can use your FSA funds to pay for eligible healthcare and dependent care expenses through debit cards, reimbursement requests, or direct payment to providers.

Funds in HCFSA are subject to a 'use-it-or-lose-it' rule, but you may have a grace period or a carryover option depending on your specific plan. DCFSA typically does not allow carryover.

Generally, you cannot change your contribution amount during the year unless you experience a qualifying life event that allows for a change.

Yes, over-the-counter medications are covered if they are prescribed by a healthcare professional.

You can submit a claim online through WageWorks’ website or app, or via mail with the completed claim form and receipts for eligible expenses.