Topic

MSB Employee Benefit: Flexible Spending Accounts

NueSynergy Logo - Customer Focused & Technology Driven

Flexible Spending Account (FSA)

A Flexible Spending Account (FSA) uses pre-tax money from your paycheck to cover eligible healthcare expenses like copays, prescriptions, or medical supplies. It reduces your taxable income, but it’s important to note that funds must be used within the plan year.

Your FSA account is held through NueSynergy. You can use the NueSynergy portal to view your account balance, submit claims, and manage your FSA.

FSA Information Flyer

Dependent Care Flexible Spending Account (DCFSA)

A Dependent Care Flexible Spending Account (DCFSA) uses pre-tax money from your paycheck to pay for eligible dependent care expenses like daycare or after-school care for your kids. This account can also be used to care for an adult dependent. It reduces your taxable income, but it’s important to note that funds must be used within the plan year.

Your DCFSA account is also held through NueSynergy, and they can help with questions about your account, eligible expenses, claims, and reimbursements.

DCFSA Information Flyer

FSA & DCFSA Enrollment Form

FSA & DCFSA Reimbursement Request Form

Dates to Remember

Health FSA

Term	What it Means
Plan Year	January 1 - December 31
Funds available	January 1 or first pay period after sign up if sign up occurs mid-year*
Incur expenses by	Care must be provided by March 15th of the following year.**
Request reimbursement by	Submit claims for reimbursement by April 30th of the following year.

* Mid-year enrollment may occur when you are hired during the year or experience a qualifying special enrollment event.

** The grace period allows eligible expenses to be incurred through March 15 of the following year. Claims for those expenses must still be submitted by April 30.

Dependent Care FSA

Term	What it Means
Plan Year	January 1 - December 31
Funds available	January 1 or first pay period after sign up if sign up occurs mid-year
Incur expenses by	December 31*
Request reimbursement by	Submit claims for reimbursement by April 30th of the following year.

* Dependent care FSA's operate different than Health FSA's in terms of incur dates.