The Flexible Spending Accounts (FSAs) and Commuter benefits through HealthEquity enable Parsons employees to take advantage of significant tax savings.

You can elect to contribute a portion of your paycheck, pre-tax, to an account you use to pay for qualified expenses.

The Health Care FSA (HCFSA) is for expenses like your medical plan deductible, copays, dental and vision expenses.
Use the Dependent Care FSA (DCFSA) to pay qualified day care expenses for your eligible dependents using pre-tax dollars.
Your Commuter benefits let you use pre-tax dollars to pay for qualified transit and parking expenses.

HealthEquity is available every hour of every day. For any additional questions, contact the Member Services department at 866-735-8195.

How much can I contribute to my FSA?

Health Care FSAs are limited to $3,050* per year per employer. If you’re married, your spouse can put up to $3,050 in an FSA with their employer, too.

Dependent Care FSAs are limited to $5,000 per year.

Commuter Benefits are limited to $300* per month for transit expenses and another $300 per month for parking expenses related to your commute.

*These limits may change per IRS guidelines.

Who is eligible to use my FSA funds?

You can use funds in your FSA to pay for qualified medical expenses for you, your spouse, and your eligible dependents.

What items can be paid for with HCFSA funds?

A Healthcare Flexible Spending Account (HCFSA) is a pre-tax benefit account used to pay for eligible medical, dental, and vision care expenses that aren’t covered by your insurance plan or elsewhere. Please visit healthequity.com/qme for more information concerning potentially eligible medical expenses.

What are eligible DCFSA expenses?

A Depenedent Care Reimbursement Account (DCRA) or Dependent Care FSA covers a wide variety of dependent care services, such as preschool, summer day camp, before-and-after school programs, and child or elder care. To see a complete list of what is covered, please see the IRS publication 503. For a quick review, you can also view this information on their website at healthequity.com/dcfsa.

What are eligible Commuter Benefits expenses?

Commuter Benefits allow you to set aside pre-tax dollars in an account to pay for qualified transit, vanpooling and parking expenses.

Who qualifies as a dependent?

For the Dependent Care FSA, a qualifying individual is any of the following: A dependent under the age of 13 who resides with you and for whom you are entitled to a personal tax exemption as a dependent; however, if you are divorced, the child is a qualifying individual with respect to you if the child lives with you even if you have permitted the non-custodial parent to take the exemption. A spouse or other tax dependent who resides with you and is physically or mentally incapable of self-care.

Ready to enroll?

Talk to ALEX to see which plan is best for you and visit Workday to learn more and enroll in your benefits.

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