Active City & County of San Francisco employees can enroll in either a Healthcare FSA, a Dependent Care FSA, or both. You can sign up for an FSA as a new hire or during open enrollment. A Flexible Spending Account is an IRS tax-favored account used to pay for eligible medical and dependent care expenses not covered by insurance. These funds are deducted from your salary before taxes are deducted, allowing you to pay eligible expenses tax-free.
In some cases, due to certain qualifying events, a member may be allowed to initiate or modify FSA contributions during the plan year. A maximum of two benefit election changes due to qualifying events may be made per year. Download this PDF with more details about Changing Benefit Elections and FSA Contributions.
Before enrolling in an FSA make sure to work out a detailed estimate of the eligible expenses you are likely to incur for the plan year ahead. Budget conservatively because based on federal law any unreimbursed funds are forfeited at the end of the plan year and cannot be returned to you.
Consult with your tax advisor or the IRS about your specific situation and your potential tax savings with an FSA. View IRS Publication 502 for information about the Healthcare FSA, and IRS Publication 503 for details about the Dependent Care FSA.
WageWorks Becomes FSA Administrator Effective July 1, 2012
City & County of San Francisco employees who have enrolled in a Health Care and/or Dependent Care FSA for the July–December 2012 benefits period may access FSA accounts and submit claims at wageworks.com, effective July 1, 2012. If you had direct deposit reimbursement, or a letter of medical necessity on file with FBMC, this information will transfer from FBMC to WageWorks effective July 1, 2012. Questions? Contact WageWorks customer service at (855) 428-0446.
WageWorks EZ Receipts Mobile Phone App
WageWorks Healthcare FSA Paper Claim Form
WageWorks Dependent Care FSA Paper Claim Form