Benefit Strategies administers the FSA plan. The 2023 Health Care FSA annual election limit is $2,850. The Dependent Care FSA limit remains $5,000 (limit is $2,500 if you are married filing jointly). The annual FSA limits are governed by IRS.

In order to participate in the FSA program, you must re-enroll each year during open enrollment. The 2023 plan year will end March 15, 2024 Your eligible expenses must be incurred from January 1, 2023 through March 15, 2023 and submitted for reimbursement by March 31, 2024. 

To find out more about the Flexible Spending Accounts and eligible expenses, go to www.benstrat.com.