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American Fidelity | Flexible Spending Accounts

RSCCD has partnered with American Fidelity to offer reimbursements accounts. Flexible Spending Accounts (FSA) allow you to set aside money before taxes are deducted to pay for certain health and dependent care expenses, lowering your taxable income and increasing your take home pay. Only expenses for services incurred during the plan year are eligible for reimbursement from your accounts. 

Health Care Flexible Spending Account:​
The Health Care FSA​ is used to pay for a variety of qualified health care expenses incurred by you and your family members, such as annual medical insurance deductibles, co-pays, out of pocket medical expenditures and orthodontia.  Please visit American Fidelity's website for a list of eligible FSA expenses​ or to view the current maximum contribution limits.  Effective 1/1/2024, the plan allows for unused funds up to $500 to be rolled over to the next plan year. 

Dependent Care Flexible Spending Account:
The Dependent Care FSA will enable you to pay for your employment related child or dependent day care expenses with "before-tax" dollars.  You may use this account if you have eligible dependents that require care either inside or outside of your home.  Dependents are children under the age of 13 who qualify as tax dependents, or your children, spouse, or other dependent of any age who is physically or mentally unable to care for themselves.  The maximum pre-tax deduction is $5,000 annually. Any unused funds will be forfeited back into the plan, per IRS regulations.

• The IRS requires that these plans have new enrollments EACH PLAN YEAR. To enroll as a new hire, you will need to make an appointment with American Fidelity.  Annual re-enrollment will take place during open enrollment online through​ AF Enroll.
  
• You cannot change or revoke your election amount during the plan year unless you have a life event change. The FSA grace period can be found online in your AF enroll account.
  
• There is no monthly fee to participate in American Fidelity's FSA plans.
  

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