Flexible Spending

Flexible Spending Account (FSA) in 2026

Greenlight Networks offers full-time employees the option to enroll in a Flexible Spending Account (FSA)—a tax-advantaged way to save on eligible healthcare expenses. Important: You must re-enroll each year, as FSA elections do not roll over from one plan year to the next.

For 2026, the maximum annual contribution limit Greenlight Networks allows for a Health Care FSA is $1,500

Important Eligibility Note

If you are contributing to a Health Savings Account (HSA), you cannot also enroll in a Health Care FSA during the same plan year. This is an IRS rule to prevent overlapping tax benefits.

Key Features of an FSA

• Pre-Tax Savings
  Contributions are deducted from your paycheck before taxes, reducing your taxable income and saving you money.
• Immediate Access to Funds
  Your full annual election amount is available at the start of the plan year—even though contributions are deducted gradually throughout the year.
• Eligible Expenses
  Common examples include:
  • Medical copayments and deductibles
  • Prescription medications
  • Vision and dental care
  • Orthodontia
  • Certain over-the-counter items
    For a complete list, refer to IRS Publication 502 or your benefits guide.
• Use-It-Or-Lose-It Rule
  Funds must be used by the end of the plan year (plus any applicable grace period) or they will be forfeited. Some plans allow a small carryover amount or grace period—check your employer’s policy for details.

Types of FSAs

• Health Care FSA
  Covers eligible medical expenses for you and your dependents.
• Dependent Care FSA (DCFSA)
  Helps pay for child or dependent care expenses, such as daycare or elder care. Annual limits are set by the IRS (up to $7,500 per household for 2026).

Greenlight Networks Contribution Limits for 2026

• Health Care FSA: Up to $1,500
• Dependent Care FSA: Up to $7,500 per household ($3,750 if married filing separately)

Enrollment & Account Management

• Enroll during open enrollment or after a qualifying life event.
• Manage your account through the benefits portal or mobile app.
• Submit claims online or via the app for quick reimbursement.

Why Choose an FSA?
FSAs are a smart way to reduce your taxable income and budget for predictable healthcare or dependent care expenses throughout the year.