Flexible Spending Program (FSA)
Employee Benefits Corporation (EBC)
Utilize the AHEAD spending accounts to lower your taxable income while paying for eligible expenses. We partner with EBC to offer the following spending accounts to best fit your needs:
FSA elections cannot be changed during the plan year, unless you experience an applicable qualified life event.
Employee Benefits Corporation (EBC)
Healthcare FSA
Set aside before-tax dollars for eligible healthcare expenses. The maximum contribution to the healthcare FSA is $3,400 annually. To help you not lose your funds, AHEAD will allow you to roll over up to $680 of your healthcare FSA balance to the next plan year. Any funds remaining in your account after the roll over are forfeited.
The healthcare FSA funds are available for use at the beginning of the year for eligible expenses, such as:
- Deductibles
- Coinsurance
- Copayments
- Vision expenses (contact lenses, eye glasses, laser eye surgery)
- Prescription costs
View the full list of eligible expenses.
Limited Purpose Healthcare FSA
Under IRS guidelines, Healthcare FSAs and HSAs cannot be used in conjunction with one another. You can choose to enroll in a Limited Purpose Healthcare FSA if you are in a HDHP with an HSA.
View list of eligible expenses.
Dependent Care FSA
Set aside before-tax dollars for eligible dependent care expenses, such as day care. The maximum contribution to the dependent care FSA is $7,500 annually.* The funds are available to use at the beginning of the year (or once enrolled for new hires). You must incur all expenses in the plan year. You can submit your current plan year expenses for reimbursement—expenses must be submitted by March 15 of the following year. Any funds remaining after March 15 are forfeited.
* There may be exceptions to the annual limit depending on eligibility.
View eligible expenses.
Substantiation might be requested by EBC for certain FSA transactions in order to confirm if an expense is eligible. For further information on documentation requests from EBC, please review this helpful resource.
Transportation Spending Account
Use before-tax dollars for eligible transportation expenses, such as:
- Qualified parking
- Transit
- Vanpooling
The maximum contribution to the transportation spending account is $340 monthly for transit passes and vanpooling (combined) and $340 monthly for parking.
You can schedule or change your contribution for each month by 11:59 pm CT on the 13th of the preceding month (e.g., by 11:59 pm CT on February 13th for your March election). Contributions are withheld on the second payroll of the month.