A Flexible Spending Account (FSA) allows employees to set aside a portion of income, on a pre-tax basis, to pay for out-of-pocket healthcare expenses and/or dependent care expenses. Contributions made to an FSA are deducted from each pay before federal, state or social security taxes are calculated, which reduces taxable income. With the exception of limited amounts set by the IRS, unused FSA funds are forfeited at the end of the plan year.
Wittenberg partners with Chard Snyder to administer the Flexible Spending Accounts.
Information & documents on the FSA can be found on the Faculty & Staff Teams site under the HR channel.