Flexible Spending Account Plan

If you have a Certificate of Continuous Employment (CCE), you may participate in the Flexible Spending Account (FSA) Plan in the calendar year 2027.  The FSA Plan allows you to set aside pre-tax contributions, which are deducted from your semi-monthly paychecks to pay for eligible out-of-pocket expenses incurred by you or your eligible dependents. For complete information about the FSA Plan, please refer to the participant summary document (.pdf).

Health Care FSA: The maximum annual contribution amount is $3,400.
Dependent Care FSA: The new maximum annual contribution is $7,500 if you are single or married filing jointly, or $3,750 if you are married filing separately.

What you need to do by Friday, November 13, 2026:

  • You must make a new election to participate in the FSA Plan each year. Your 2026 election will NOT carry forward into 2027.  To enroll in the plan for calendar year 2027, please visit the Flexible Benefit Administrators (FBA) website and follow these enrollment instructions (.pdf).
  • If you already have an online FBA account and do not remember your FBA online account username or password, click on the “Let Us Help” link on the login page.  If you need further assistance, call FBA at (800) 437-3539.  FIT does not have this information.
  • If you do not enroll during the Annual Benefits Open Enrollment Period, you will not participate in the FSA Plan in 2027 unless you have a qualified change in family status in 2027 and enroll in the FSA Plan within 31 days of the event.

Health Care FSA Plan Details

The 2027 maximum annual contribution amount will be $3,400. You may choose a calendar year contribution between $100 and $3,400. 

  • Contributions to this account can be used to pay for health care expenses incurred by you or your eligible dependents in calendar year 2027 and are not covered or only partially covered by a health care, prescription drug, dental, or vision care plan.
  • Eligible expenses include, but are not limited to: deductibles, medical and prescription drug copays, prescription eyeglasses, and certain over-the-counter medications.
  • You may not use funds in your health care flexible spending account to pay for a domestic partner's health care expenses.

Dependent Care FSA Plan Details

  • You may choose a calendar year contribution between $100 to a maximum of $7,500 if you are single or if you are married and file jointly, or to a maximum of $3,750 if you are married and file separately.
  • The maximum contribution amounts apply if you work for multiple employers and participate in multiple Dependent Care FSA Plans in a calendar year. Please ensure you do not exceed the annual maximum contribution limit applicable to your personal situation.
  • Contributions to this account can be used to pay for eligible childcare expenses for qualified dependent children who are under the age of 13, which are incurred in calendar year 2027, so that you (or you and your spouse) can work, look for employment, or go to school on a full-time basis. You may also contribute to cover daycare expenses for dependents of any age who are mentally or physically incapable of self-care and whom you claim as a dependent on your federal income tax return.
  • To receive reimbursement for services provided by a babysitter, childcare center, or adult care center, services must have been incurred while you are working, and you are required to provide the babysitter's or child/adult care center's Employer Tax ID Number or Social Security Number.
  • Overnight or sleep-away camp expenses and educational fees/tuition for your dependent child are not eligible for reimbursement.
  • Per IRS regulations, FIT's Dependent Care FSA is subject to annual non-discrimination participation testing to ensure that the plan does not disproportionately favor Highly Compensated Employees (HCE) as defined by the IRS. For testing purposes, a participant who earned more than the IRS annual income limit in the preceding year (income limit of $160,000 in 2026 for testing, which will be conducted in early 2027) is considered an HCE.  If, after testing, the plan is found to be discriminatory, 2027 participants considered HCEs may be notified of a reduction in the amount they may contribute to the Dependent Care FSA in 2027.

Important Information

  • Health Care FSA and Dependent Care FSA contributions cannot be combined or transferred between accounts.  Ensure you elect the correct type of flexible spending account and indicate your requested annual election amount.
  • Under the IRS "Use It or Lose It" rule, you will forfeit the unused balance if you do not use all the money contributed to your 2027 FSA(s) for expenses incurred between January 1, 2027, and December 31, 2027.  The unused balance cannot be carried over to the following calendar year.

Additional information about eligible expenses and plan details is available on the Flexible Spending Account webpage and in the Flexible Spending Account Plan section of the Benefits Forms webpage.