Pyramid offers two Flexible Spending Account options, a Health Care Flexible Spending Account, and a Dependent Care Flexible Spending Account.
Health Care FSA
Administered by WEX
Available to employees NOT enrolled in the Base or Value Health Savings Plan
The Health Care FSA allows you to budget and save for qualified medical, dental, vision and prescription expenses.
You will receive a debit card to use to pay for your eligible expenses which works just like a regular bank debit card except the funds you are using are from your FSA. This can be used to pay for expenses such as doctor copays, prescriptions, any eligible healthcare expense as well as health care items from eligible retail stores.
| ELIGIBLE IF… | 2024 MAXIMUM CONTRIBUTIONS |
SAMPLE ELIGIBLE EXPENSES |
|
|---|---|---|---|
| Health Care FSA | You are not enrolled in the Base or Value Health Savings Plan | Up to $3,200 ** | Medical Copays and deductibles Dental expenses Prescription Copays Eyeglasses |
**FSA funds do NOT rollover each year, it is a Use it or Lose It account, so be certain you budget accurately otherwise any funds not spent will be lost.
Medical FSA
Employee Handout
WEX Mobile App
Dependent Care FSA
Administered by WEX
Available to all full-time employees with dependents 12 years of age or younger.
| ELIGIBLE IF… | 2023 MAXIMUM CONTRIBUTIONS |
SAMPLE ELIGIBLE EXPENSES |
|
|---|---|---|---|
| Dependent Care FSA | You have dependents age 12 or younger | Up to $5,000 ** | Preschool Summer Day Camp Before or after school programs |
**For a full list of eligible expenses visit: www.wexinc.com/insights/benefits-toolkit/eligible-expenses
Dependent Care FSA
Employee Handout
WEX Mobile App
Video: Flexible Spending Account
