How much can I contribute to an FSA?
According to the IRS, the maximum amount you can contribute to the Dependent Care (DAYCARE) FSA is $5,000 for a married couple filing a joint tax return or if filing separate tax returns are $2,500 per spouse.
Can I enroll in both the Health Care and Dependent Care Flexible Spending Accounts?
If you are enrolled in the 85/60 PPO plan, you can contribute to both healthcare and dependent care FSAs.
What is the difference between the Health Care FSA and the Dependent Care FSA?
The Health Care FSA provides you the opportunity to have funds deducted from your pay on a pre-tax basis for health care expenses for yourself AND your dependents. These funds can be used for expenses that are not covered by your medical, dental, or vision plans such as copays, coinsurances, etc. Eligible health care expenses examples are:
How do Flexible Spending Accounts work?
You choose a total annual contribution for 2025 and that amount will be divided and deducted on a pre-tax basis from each of your paychecks. ÃÛÑ¿appUniversity front-loads this amount to your FSA in early January, giving you immediate access to funds in case you need them.
If I enroll in a High Deductible Health Plan (HDHP), can I still enroll in a Dependent Care Flexible Spending Account (DC FSA)?
If you enroll in a HDHP, you can still enroll in the dependent care ("daycare") flexible spending account, but you cannot enroll in the health care flexible spending account.
Learn even more about HSAs with PNC Bank's Health Savings Account Educational Library (PDF).
Is there any reason that I wouldn’t be able to enroll and contribute funds to a 2025 Health Savings Account (HSA)?
The IRS has set qualifying requirements to enroll in a health savings account, such as:
What is a HSA catch-up contribution?
Similar to IRAs and 401Ks, enrollees ages 55 and over can elect to make catch-up contributions of $1,000 above the IRS limit for individual and family plans.
Will ÃÛÑ¿appcontribute to the 2025 Health Savings Account (HSA)?
Yes, ÃÛÑ¿appwill again contribute $1,300 for a single high-deductible medical plan or $2,000 for a family high-deductible medical plan. For 2025, the IRS maximum TOTAL contribution limit is $4,300 for a single high-deductible medical plan and $8,550 for a family high-deductible medical plan. The employer contribution will be posted to your PNC HSA account 2-3 business days after your first pay date in 2025.
2025 HSA Contribution Limits
How do Health Savings Accounts work?
You choose a total annual contribution for 2025 and that amount will be divided and deducted on a pre-tax basis from each of your paychecks. Money in your HSA can be used to help you pay for current and future healthcare costs that your insurance does not cover. Any funds left over at the end of the year will stay and continue to grow.
HSA and FSA Comparison
| Consideration | HSA (Health Savings Account) | FSA (Flexible Spending Account) |
|---|---|---|
| Eligibility | Must enroll in a High Deductible Health Plan | Must be enrolled in a PPO Plan for Health Care FSA |