Flexible Spending Accounts

Basic Neo

Two types of coverage are available – Un-reimbursed Medical and Dependent Child Care.  An employee sets aside pre-tax dollars to be reimbursed for these types of expenses.  This creates a tax savings by reducing the employee’s taxable income.

Maximum Annual Contributions

• Health Care Account:  $2,500
• Dependent Care Account:  $5,000

Cost

Paid entirely by employee.