Flexible Spending Accounts (FSA) - Benchmark Plans Only

Flexible Spending Accounts (FSA’s) let you set aside a portion of your paycheck tax free to pay for certain health and dependent care expenses. FSA plans for the Town of Wellesley are administered by EBM, formerly Cafeteria Plan Advisors.  Contributions are deducted from your paycheck prior to federal, state and social security taxes.   

Click here for instructions on how to access your FSA Account using the new EBM website

You MUST re-enroll in one or both plans during open enrollment if you want to continue contributions to one or both of these plans.  There are two types of FSA accounts:  Medical FSA's and Dependent Care FSA's.  You can only use these accounts for the purposes that they are designated for and each account has a specific dollar limit.  The FSA benefit period mirrors the benefits year.  That means that the funds you set aside for this purpose can only be used for expenses incurred during the benefit year (7/1 - 6/30).  Please note:  these accounts are use it or lose it accounts.  That means that if you do not use the money you put aside for the benefit year for its intended purpose, you lose it once the benefit year ends. The only exception to this is that a roll over of up to $660 of medical FSA money is allowed if  you re-sign up for this benefit at open enrollment for the following benefit year.