Flexible Spending & Health Savings Accounts

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American Fidelity adminsters the District's Flexible Spending and Health Savings Accounts. Both are made up of pre-tax contributions directly from an employee's tenthly paycheck deductions.

What is a Flexible Spending Account?

An FSA allows the employee to elect an annual contribution of up to $2,700 to be used for qualifying medical, dental, vision, and pharmacy expenses. An FSA is a "use-it-or-lose-it" policy. You will not be able to roll-over unused funds at the end of the plan year. The exception to this is if an employee has $500 or less remaining in their account.

An employee does not need to be enrolled in a High Deductible Health Plan (HDHP) in order to enroll in an FSA. In fact, an employee can waive medical coverage from Santee School District and still enroll in an FSA.

Dependent Care FSA (DCFSA)

Child care is expensive! By setting up a DCFSA, an employee may set aside an annual election of up to $5,000 to be used for eligible dependent care serives. Examples are preschool, summer day camps, before- or after-school programs, and daycare.

What is a Health Savings Account?

An HSA is a plan that an employee may enroll in if they are covered by a High Deducible Health Plan (HDHP). Employee may elect up to $3,550 if enrolled in single-coverage or up to $7,100 if enrolled in family-coverage. As with an FSA, these funds can be used only for qualifying medical, dental, vision, and pharmacy expenses. However, any unused funds may be carried over into the following plan year.

If an employee is aged 55 or older, they may elect up to an additional $1,000 in catch-up contributions.

To compare the differences side-by-side, please review this chart! To request more information from American Fidelity, please complete the Request for Information Sheet and return it to the Human Resouces Department.