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2025 Benefits Guide - Basic

Flexible Spending Accounts (FSA)

One of the best ways to maximize your paycheck is to save pre-tax money for qualified expenses with an FSA. FSAs help you save money on healthcare, dependent care and commuter expenses by paying for eligible expenses with tax-free dollars.

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Healthcare FSA

The Healthcare FSA lets you set aside pre-tax funds via payroll deductions. You can use the money to reimburse yourself for eligible medical, dental and vision expenses. In 2025, you can contribute up to $1,500. Any funds remaining in the Healthcare FSA on December 31st of each plan year will be forfeited, except for balances up to the IRS-determined rollover amount, which may vary each year.

 

How's It Work?

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Determine your estimated FSA limit

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Establish your (pre-tax) deductions

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Use your FSA debit card or submit receipts

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Roll over up to $610 in FSA funds to the next year

Dependant Care FSA

A Dependent Care FSA can be used to pay for eligible expenses you incur for childcare, or for the care of a disabled dependent, while you work. Employees may defer up to $5,000 pre-tax per year.

Funds do not roll-over to the next year. 

How's It Work?

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Determine your estimated FSA limit

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Establish your (pre-tax) deductions

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Use your FSA debit card or submit receipts

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Use it or lose it! FSA funds don’t rollover

Commuter FSA

TCWGlobal’s Commuter FSA benefit is a great way to save on your daily commute to work! With a Commuter FSA you can put aside up to $325 per month pre-tax for mass transit and up to $325 per month for parking.

 

A Few FSA Rules

  • If you or one of your dependents are enrolled in a high deductible health plan and/or have an HSA, you may not be eligible for Health Care FSA.

  • Health and/or Dependent Care FSA claims may be submitted up to 60 days following your termination date; however, the dates of service on all claims must be prior to your date of termination.

  • It's important to carefully estimate your annual contributions, as the IRS requires you to forfeit any unclaimed funds in your account(s) above the annual rollover amount they set (the “use it or lose it” rule).

  • Save a copy of your receipt until the claim is approved.

Check Out the Full Benefits Guide