Flexible Spending Account (FSA)

JCC offers an FSA for Medical expenses and Dependent Care expenses.  The IRS maximum to flex is $2,750 for medical and $5,000 for dependent care ($2,500 if married filing separate tax returns).  Contributions are made throughout the year through automatic payroll deductions.

Money must be used within election year for Flexible spending accounts ($500 can be carried over for medical).

HSA information

JCC offers a Health Saving account if the employee is on a school insurance plan.  The IRS maximum contribution to an HSA is $3,600 for a single and $7,200 for a family.  If you are over 55, there is an additional $1,000 that can be contributed.

More information can be found at HelloFurther.Com