Healthcare Flexible Spending Accounts (HCFSA)

Rutherford County Government offers the opportunity for employees to contribute pre-tax dollars to Flexible Spending Accounts (HCFSAs), commonly referred to as “Section 125” plans or “Cafeteria” plans. These were developed as part of Internal Revenue Code Section 125 to provide employees with tax relief for medical costs. HCFSAs enable employees to utilize pre-tax dollars and save Federal, FICA, and, in most cases, state taxes when paying for eligible expenses not covered by traditional insurance plans.

Although HCFSAs have been available for many years, the emergence of consumer-driven healthcare and increased employee cost-sharing has made them an integral benefits solution that provides substantial tax savings to both employers and employees.

Healthcare Flexible Spending Accounts (HCFSA): Accounts used to pay for eligible medical expenses such as copays, deductibles, dental, vision, prescription, over-the-counter drugs, and more.

Click the links below for more information about the Healthcare Flexible Spending Account currently managed by HealthEquity. For more information, please reach out to HealthEquity at 877-924-3967 or visit their website at www.healthequity.com/wageworks.