Flexible Spending - Mcleod Benefits

Flexible Spending Accounts

Flexible spending accounts (FSAs) allow you to set aside tax-free dollars from your pay to cover eligible health and dependent care expenses up to plan limits.

For a list of 2025 McLeod Benefits Premium Rates, click here.

Health Care Flexible Spending Account

The Health Care FSA allows you to pay for certain out-of-pocket medical, dental, vision and prescription expenses with tax-free dollars. The amount you save through this account is deducted from your paycheck before taxes are calculated and withheld. You can submit receipts to receive reimbursement or use your Flores Benefits card and have the pre-tax dollars taken from your account at the time of the purchase.

Health Care FSA

You can contribute $4 – $133.33 per pay period up to $3,200* maximum per year.

Other Features Of The Health Care FSA Include:

When you use the Flores Benefits card, no documentation is needed for an office visit, prescription, or facility copay of $50 or less.
Leftover funds greater than $670 will be forfeited at the end of the year.
You can submit claims for reimbursement until March 31 of the next plan year for eligible expenses incurred through the end of the previous plan year.

Note: The indexed funds (unused rollover amounts) are determined by the IRS each year. For 2024 to 2025 the eligible rollover amount was $660.

If you enroll in the High Deductible Health Plan, which features a Health Savings Account, you may not be eligible to participate in a Health Care Flexible Spending Account.

Dependent Care Flexible Spending Account

The Dependent Care FSA is designed to let you pay for certain childcare or adult day or home care expenses with tax-free dollars. You must first elect to have a specified amount of pre-tax money deducted from each paycheck and put into your Dependent Care FSA. You will then pay your dependent care provider, fill out a reimbursement claim form, and submit the form along with other required documents for reimbursement to Flores & Associates.

Dependent Care FSA

You can contribute $4 – $208.33 per pay period up to $5,000* maximum per year.

Leftover funds in the Dependent Care FSA will be forfeited at the end of the year.

Manage Your FSAs Online Or With The App

Flores & Associates
Online at www.flores247.com, or

Download the Flores & Associates app. Using the app, you can transmit receipts, view account information, and look up eligible expenses.
- APP Store
- Google Play

For more information on eligible expenses for the FSAs, visit www.flores247.com.

* Maximum contribution limits for Health Care and Dependent Care FSAs are determined each year by the Internal Revenue Service (IRS).

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