FSA / Commuter Benefits Option
Health Flexible Spending Account/Commuter Benefits
Maple Shade Schools

Quick Answers to 20 Top FSA Questions

What is the Flexible Spending Account (FSA) / Commuter Benefits option ?

With these options, you can cover the cost of eligible out-of-pocket health care and/or commuter expenses with "before-tax" dollars, almost like an automatic tax deduction. The dollar amount you choose will be transferred from each paycheck, before taxes are deducted, and contributed to your account(s). Then, use your debit card to pay for eligible out-of-pocket expenses or submit a claim for reimbursement.

Our plan administrator is WEX (formerly Discovery Benefits). Learn more about this option with the below resources and links:
Knowledgebase Help Pages
Eligible Expenses
Online Account Login

How much can I transfer to my FSA?
Each year, you choose an amount to be transferred to your account(s) from your paycheck. It is recommended that you base your designated amount on predictable expenses. The amount you choose will be transferred in equal installments throughout the year. For the current plan year, the maximum contribution amounts are as follows:

Health FSA: $200 minimum / $1,500 maximum
Carryover Amount: up to $570 can be carried over into the new plan year

Commuter Benefits:
Qualified parking: $300 maximum per month*
Qualified vanpooling/transit passes: $300 maximum per month combined*
Note: you must have funds in your commuter account before you spend them; you can change your commuter contribution amount at any time.

What out-of-pocket expenses are eligible for reimbursement?
Specific out-of-pocket expenses are eligible for reimbursement from your account(s). Visit WEX for help.

What is the WEX debit card?
Participants are issued their own debit card to pay for eligible out-of-pocket expenses; use it to cover expenses on-the-spot. The amount of your out-of-pocket expense is automatically deducted from your account; typically, so no receipts or claim forms are needed. Learn more here.

When can I enroll?
You can join the Health FSA by submitting the Data Collection Worksheet during Open Enrollment, typically held each fall for the upcoming January 1 through December 31 plan year. Once enrolled, you must re-enroll each year to continue in the program.

Because the Commuter Benefits option is a month-to-month benefit, you can enroll/disenroll at any time during the year.

What happens if I have money left in my account at the end of the year?

Health FSA: be aware of the "use-it-or-lose-it" rule; any funds left in your account after any applicable grace period/carryover is applied are forfeited.
Commuter Benefits: any funds left in your account at the end of the year can be carried into the next year, if you continue to participate.

Can I access my account online?
After your effective date, you can register for a WEX Online Account. Once registered, you can view transaction history, submit claims online, report a lost or stolen debit card, and much more.

Additional Resources:
Benefits Mobile App Flyer
Technology Resources Flyer
WEX Benefits Card Flyer
FSA Carryover Flyer
FSA Grace Period Flyer
Medical FSA Flyer
FSA Claim Form