A great way to plan ahead and save money over the course of a year is to participate in an FSA. An FSA lets you redirect a portion of your salary on a pretax basis into a reimbursement account, saving you money on taxes. Each year that you would like to participate in the FSAs, you must elect the amount you want to contribute.

AlphaSense offers two types of FSAs that can help you save on a pretax basis for out-of-pocket expenses.

The healthcare FSA lets you set aside up to $3,400 for 2026 to pay for medical expenses that are not covered by your health, vision or dental plans, including deductibles, copays, coinsurance, and so on.

You have access to the money you elect to contribute on day one. For example, if you have a large expense early in the year and you want to use the full amount you’ve elected to contribute for the year (even before that money is in your account), you can.

You will receive a virtual debit card that gives you convenient, instant access to the money in your account. You can request a physical card be shipped to you in the mail.

When you have expenses to be reimbursed, submit a claim form along with a bill or itemized receipt from the provider at app.getbenepass.com or through the mobile Benepass app. Be sure to keep all receipts to substantiate that your pre-tax funds were used for eligible expenses in the event of an audit.

2026 Rollover Benefits – The maximum contribution for the Healthcare Flexible Spending Account is $3,400 for 2026. This is a use-it or lose-it account, meaning any funds remaining in the account following the close of the plan year will be forfeited. All services must be incurred from Jan. 1, 2026, through Dec. 31, 2026 and claims must be submitted by March 31, 2027. Our plan has a carryover feature that allows up to $680 of your unused funds to be carried forward to the following plan year. Our plan has a carryover feature that allows unused funds to be carried forward to the following plan year. The IRS will determine the rollover limit for 2027 during 2026. Any unused amount over the IRS limit will be lost. These carryover dollars can be used for expenses incurred at any point within the new plan year.

Dependent care FSAs allow you to set aside money pretax to pay eligible out-of-pocket child care expenses for your eligible children and elder care expenses for eligible dependent adults so that you or your spouse can work or attend school full-time. You must contribute money through payroll deduction to your dependent care FSA before you can spend it.

You must decide how much to set aside for this account. You may contribute up to $7,500* if you are filing jointly and/or by household, or up to $3,750* if you are married and file separate tax returns. You can access the Benepass website here.