Flexible Spending Account
A Flexible Spending Account (FSA) is a special account you put money into that you use to pay for eligible out-of-pocket care expenses. It allows you to set aside pre-tax dollars for unreimbursed health care and dependent care expenses, commuter parking and commuter transit expenses.. Your FSA balance does not roll over from year-to-year. If you do not use your funds, you will lose them. Womble does offer a grace period which allows you additional time to spend remaining funds in your account. The grace period runs from March 15, 2027 to April 30, 2027. The grace period runs through March 15 following the plan year with submission date deadline of April 30.
Open Enrollment 2027 is a passive enrollment. However, if you want to be enrolled in an FSA for 2027, you will need to make an election for the Healthcare Spending Account, the Dependent Care Spending Account, the Limited Purpose Spending Account, Commuter Parking Spending Account, and Commuter Transit Spending Account.
Learn more about Flexible Spending Account
About Flexible Spending Accounts
Basics
A flexible spending account (FSA) is an account offering tax savings by allowing you to contribute pre-tax dollars for eligible medical and wellness expenses. Funds do not carry over year-over-year and must be used or forfeited.
- Which type is right for you? Womble offers the following FSAs, each serving specific purposes and eligible expenses: Heath Care, Limited Purpose, Dependent Care, Commuter Parking and Commuter Transit.
- Fixed accounts: Once you enroll, you will establish your contribution rate, which remains in place for the entire year. If you happen to leave your employer, your FSA (and any unused dollars) are forfeited.
- Contributions are pre-tax: No tax on contributions or withdrawals and reimbursements.
- Use it or lose it: Money in an FSA does not carry over year-to-year like an HSA. You must spend the balance within the time period, or you will forfeit the money.
Advantages
Security: Your FSA can provide a safe space to save for anticipated medical bills.
Flexibility: Different accounts are designed to meet different needs. For instance, if you're in need of child or adult care services, a Dependent Care FSA can support that need.
Control: In addition to being flexible, an FSA provides you with scheduled control over specific costs. If you know how much you're going to spend in a given year, you can set aside that amount and no more.
Collaboration: Limited Purpose and Dependent Care FSAs can be paired with an HSA to maximize savings.
Tax Savings: An FSA provides you with tax savings through tax deductions when you contribute and tax-free withdrawals or reimbursement for qualified expenses.
Eligibility
Your health plan election dictates which FSA you qualify for:
- Health Care FSA is used to reimburse out-of-pocket medical, dental, and vision expenses. This account cannot be paired with an HSA.
- Limited Purpose FSA only covers out-of-pocket dental and vision expenses but can be paired with a broader-use HSA.
- Dependent Care FSA can be used to pay for a wide variety of child and adult care services and can be paired with an HSA.
Types of FSAs & Contribution Limits
Please note: You can enroll in any FSA without being enrolled in Womble Bond medical benefits.
* At this time 2026 limits are listed as the 2027 IRS maximums have not been released.
Health Care FSA
2026 IRS Contribution Limit*
$3,400
This is the IRS Contribution Limit for the 2026 calendar year. Your total annual contributions should not exceed this amount.
A Health Care FSA (HCFSA) is a pre-tax benefit account that you can use to pay for eligible medical, dental, and vision care expenses that aren't covered by your health insurance plan. This type of account can be set up for you and your eligible dependents whether or not you are enrolled in medical, dental, or vision plan(s).
If you are enrolled in the UHC PPO, Surest, or Kaiser HMO plans, you are eligible for a Health Care FSA.
Limited Purpose FSA
2026 IRS Contribution Limit*
$3,400
This is the IRS Contribution Limit for the 2026 calendar year. Your total annual contributions should not exceed this amount.
A Limited Purpose FSA1 (LPFSA) allows team members to have money deducted from their pay on a pre-tax basis. Funds then reimbursed for qualified dental/vision expenses only for you, your spouse and your tax-dependent child(ren).
If you are enrolled in the UHC Basic HDHP or the UHC Enhanced HDHP, you are eligible for a Limited Purpose FSA.
Dependent Care FSA
2026 IRS Contribution Limit*
$7,500
This is the IRS Contribution Limit for the 2026 calendar year. Your total annual contributions should not exceed this amount.
A Dependent Care FSA1 (DCFSA) is a pre-tax benefit account used to pay for dependent2 care services while you are at work. The money you contribute to a Dependent Care FSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck.
Commuter Benefit
If you elected pre-tax parking at your location, you do not need to enroll in the Parking Reimbursement Account.
2026 IRS Contribution Limit*
$340 / month
The commuter benefit allows employees to make pre-tax payroll contributions to be used for eligible parking, transit, or vanpool expenses. Elections are made monthly by you and may be changed from month to month, which provides flexibility.
You can choose pre-paid transit passes delivered to your home or use the commuter card. Employees can pay for expenses at point of sale with a debit card or seek reimbursement directly from Flores.
If you leave the company, your commuter benefits do not go with you. You will have a grace period to submit any claims prior to your termination date. Any remaining funds will be forfeited.
- If you elected to participate in an HDHP and have an HSA, you qualify for the Limited Purpose Care FSA (NOT Health Care FSA) and/or the Dependent Care FSA.
- Under a Dependent Care FSA, "dependent" is defined as a child under the age of 13 or an adult dependent or spouse who cannot take care of themselves
Contact the provider of these benefits by calling this phone number or visiting this website: (800) 532-3327, flores247.com
This Digital Benefits Guide is intended to highlight available benefits and should not be relied upon to fully determine coverage. The benefits plan may not cover all health care expenses. More complete descriptions of benefits and the terms under which they are provided are contained in the Certificate of Coverage that you will receive upon request. If this Digital Benefits Guide conflicts in any way with the policy issued by the employer, the policy shall prevail.