FSA contributions are deducted pre-tax from your paycheck, which reduces your taxable income and increases your take-home pay. WEX administers the FSAs.
The Health Care and Dependent Care FSAs are available to full-time team members. The Commuter FSA is available to full-time and part-time team members scheduled to work at least 20 hours per week.
Go to WEX and click the Get Started button. Follow the prompts to create your account. WEX will provide a debit card for FSA-eligible transactions.
You have several options for submitting claims and getting reimbursed. Visit WEX online or use the WEX app, then log in and select Reimburse Self or Send Payment. You can also submit an FSA Claim Form for out-of-pocket expenses.
Save money on medical, dental, and vision expenses not covered by your health plan. Just remember, you'll need to re-enroll in the Health Care FSA every year during Open Enrollment. You can't change your contribution amount mid-year unless you have a qualifying life event.
Here’s a quick breakdown of the HCFSA:
Set aside money for eligible nonmedical day care expenses. And remember, you need to re-enroll in the Dependent Care FSA every year during Open Enrollment. You can't change your contribution amount mid-year unless you have a qualifying life event.
A few more things about the DCFSA:
You can claim work-related dependent care expenses for a tax credit on your income tax return. You can use both the Dependent Care FSA and the tax credit, but you cannot claim the same expenses for both.
Put away pre-tax money for eligible parking and mass transit expenses. You can change your contribution any time on My Lithia Benefits.