Tax Advantage Accounts
Health Care Flexible Spending Account
Maximum Contribution Amount
You may contribute up to $5,000 a year to the Health Care Flexible Spending Account (FSA). When deciding the amount you wish to contribute to this account, take into consideration:
- Known or fixed health care costs that are not covered by medical, dental or vision insurance.
- Prescription co-payments you anticipate during the year.
- What you might spend out-of-pocket for health care annually including over-the-counter drugs.
- Deductibles required under the Medical/Dental Option you select.
Changing your health care FSA contribution amount mid-year can only occur if you experience a qualifying status change. Contact Farm Credit Foundations for more information.