{"id":1937,"date":"2022-07-22T23:12:14","date_gmt":"2022-07-22T23:12:14","guid":{"rendered":"https:\/\/benefits.affirm.com\/us\/?page_id=1937"},"modified":"2026-01-09T10:56:44","modified_gmt":"2026-01-09T18:56:44","slug":"flexible-spending-accounts","status":"publish","type":"page","link":"https:\/\/benefits.affirm.com\/us\/flexible-spending-accounts\/","title":{"rendered":"Flexible Spending Accounts"},"content":{"rendered":"<h1>Keep more money with a Flexible Spending Account<\/h1>\n<p><span style=\"font-weight: 400;\">Enrolling in an FSA saves you money by lowering your overall taxable income while simultaneously creating a reserve of funds for your eligible healthcare and dependent care out-of-pocket expenses. You elect the annual amount you want to contribute for the plan year which will be deducted on a per-paycheck basis. Then, use your FSA to pay for eligible out-of-pocket costs incurred during the plan year.\u00a0<\/span><\/p>\n<p class=\"p1\"><span style=\"font-weight: 400;\">Estimate carefully! <\/span><span style=\"font-weight: 400;\">You can\u2019t change your FSA election amount mid-year unless you experience a qualifying event.<\/span><\/p>\n<h2>Your FSA Options<\/h2>\n<p class=\"p1\">Flexible Spending Accounts (FSAs) allow you to set aside pre-tax dollars to pay for healthcare expenses you expect to have in the coming year. <strong>Affirm offers you two FSA options:<\/strong><\/p>\n<h3>Healthcare FSA<\/h3>\n<p>The <b>Healthcare FSA<\/b> allows you to pay for qualifying health-related expenses such as copays, prescriptions, dental services, glasses, and more. <\/p>\n<h3>Dependent Care FSA<\/h3>\n<p class=\"p2\">The <b>Dependent Care FSA<\/b> allows you to pay for qualifying dependent care expenses for children under age 13 or a spouse or relative who is incapable of self-care and lives with you.<\/p>\n<h2>How does the Forma Healthcare FSA work?<\/h2>\n<ul>\n<li>You estimate what you and your family\u2019s out-of-pocket costs will be for the coming year. Think about what out-of-pocket costs you expect to have for eligible expenses such as office visits, surgery, dental and vision expenses, prescriptions, and even eligible drugstore items.<\/li>\n<li>You can contribute up to $3,400, the 2026 annual limit set by the IRS. Contributions are deducted from your pay pre-tax, meaning no federal or state tax on that amount.<\/li>\n<li>During the year, you can use your FSA debit card to pay for services and products. Withdrawals are tax-free as long as they\u2019re for eligible healthcare expenses.<\/li>\n<li class=\"p4\">If you don\u2019t spend all the money in your account in 2025, you can only roll over up to $680 to 2026 (requires that you re-elect your FSA).<\/li>\n<\/ul>\n<p class=\"p2\"><strong>Visit <a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-publication-969\"><span class=\"s1\">IRS.gov<\/span><\/a> for full rules, and regulations.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/benefits.affirm.com\/us\/wp-content\/uploads\/sites\/9\/2025\/01\/Affirm-Flexible-Benefits-Plan-SPD.pdf\" class=\"btn btn primary\" target=\"_blank\">Affirm Flexible Benefits Plan<\/a><\/p>\n<p><a href=\"https:\/\/benefits.affirm.com\/us\/documents\/\" class=\"btn btn primary\" target=\"_blank\">More Plan Documents<\/a> <\/p>\n<h2>How does the Forma Dependent Care FSA (DCFSA) work?<\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If eligible, you can contribute up to $7,500 per year with pre-tax payroll deductions.\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">If you are married and filing separately, you may contribute up to $3,750 per year per parent.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can pay your dependent care provider directly from your FSA account, or you can submit claims to get reimbursed for eligible dependent care expenses you pay out of pocket.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unlike your Healthcare FSA, your Dependent Care FSA is not front-loaded and is funded throughout the year through each pay period. This means that you are able to get reimbursed up to the current balance in your account.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Money contributed to a DCFSA must be used for expenses incurred during the same plan year. <\/span><b>Unspent funds will be forfeited.<\/b><\/li>\n<\/ul>\n<p><b>Visit <\/b><a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-publication-969\"><b>IRS.gov<\/b><\/a><b> for full rules, and regulations.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Keep more money with a Flexible Spending Account Enrolling in an FSA saves you money by lowering your overall taxable income while simultaneously creating a reserve of funds for your eligible healthcare and dependent care out-of-pocket expenses. You elect the annual amount you want to contribute for the plan year which will be deducted on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-1937","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/benefits.affirm.com\/us\/wp-json\/wp\/v2\/pages\/1937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/benefits.affirm.com\/us\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/benefits.affirm.com\/us\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/benefits.affirm.com\/us\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/benefits.affirm.com\/us\/wp-json\/wp\/v2\/comments?post=1937"}],"version-history":[{"count":0,"href":"https:\/\/benefits.affirm.com\/us\/wp-json\/wp\/v2\/pages\/1937\/revisions"}],"wp:attachment":[{"href":"https:\/\/benefits.affirm.com\/us\/wp-json\/wp\/v2\/media?parent=1937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}