Flexible Spending Accounts 2024

Archive: Flexible Spending Accounts 2023

Remember to connect your FSA to your HealthJoy app for easy instant access to balance information.

• Employees should select their benefit amount to reflect 24 pay periods.
• Medical flexible spending limit is $3200.
• Dependent Care flexible spending limit depends on your federal tax filing status. $5000 if you are married and filing a joint return or if you are a single parent. $2500 if you are married but filing separately.
• Commuter benefit arrangement limit transportation: $315/month.
• Commuter benefit arrangement limit parking: $315//month.
• Commuter benefit arrangement limit parking: $315//month.
• Employees are able to roll over $610 from 2023 to 2024, which will increase to $640 roll over for plan year 2024 to 2025.

Employer ID – NBS468933
Employee ID – Social Security Number (no / or -)

Be a Good Consumer

• Submit all documentation by the end of March for the previous year.
• Using flexible spending will save you $20-25 dollars for each $100 dollar benefit.