The state offers three Flexible Spending Accounts (FSAs) to eligible employees that provide a tax break on predictable out-of-pocket costs. Pre-tax contributions are made during the calendar year, January 1 - December 31. Participants receive a Chard Snyder Benny Card Mastercard to use for eligible expenses.
Enrollment and changes are made through People First.
Dependent Care FSA
A Dependent Care FSA is an account employees can use to reimburse eligible services (not healthcare related) to care for children under age 13 and under, or, an older dependent who needs supervised care at least 8 hours a day.
Contributions are accrued in the account as they are payroll deducted. The Dependent Care FSA does not have a carry over amount for the next calendar year. Any unused and unclaimed funds will be forfeited to the State of Florida.
A HealthCare FSA is an account eligible employees contribute pre-tax money that is then used to pay for eligible medical, dental, vision, and prescription drug expenses. The entire healthcare FSA balance is available on the first day of the plan and the plan allows employees to carry over up to $500 of unused money into the next plan year.
Limited Purpose FSA
Limited Purpose FSA is an account to which employees enrolled in a High Deductible Health Plan (HDHP) can contribute pre-tax money to use for eligible dental, vision, and preventative services not covered by a Health Savings Account (HSA).
Shared Savings Program
The Shared Savings Program is a rewards program available to employees and their dependents enrolled in a State of Florida health plan. The purpose of the Shared Savings Program is to reduce healthcare costs for the State of Florida and to reward employees for making informed and cost-effective decisions about healthcare services.