Health FSAs can pay for health care expenses with pre-tax funds, including prescriptions, some over-the-counter items, health insurance deductibles, and coinsurance. FSA funds may even be used for eligible expenses for your spouse or tax dependents. Human Resources has a listing of Health FSA Expense Examples available online. Be sure to familiarize yourself with ineligible FSA expense examples too.
A Dependent Care FSA can pay for qualifying dependent care expenses with pre-tax funds, such as certified day care, pre-school, day camp, before/after school programs, late pick-up fees, and placement fees for a dependent care provider (i.e. au pair and qualifying custodial care for dependent adults). Human Resources also has a listing of eligible Dependent Care Account Expense Examples.