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Flexible Spending (FSA)

The flexible spending program provides a means for employees to set aside a portion of their income on a pre-tax basis to pay for medically related expenses. This program is administered by the Utah School Boards Association. Participating employees pay a $2.00 per month fee. A debit card option is also available for an additional $4.00 per month. Please view the Q&A document below for more details about this program.

Employees with medical insurance through the District, who have a Health Savings Account (HSA), are only eligible to participate in a limited purpose Flex Spending account. For more information, contact the Business Office.

The savings available through this program are SIGNIFICANT. As a general rule, you can expect to save between 25% and 40% of the amount you put into your flex account each year. A maximum of $5,000 of income can be set aside per year. See examples below of how you save through the flex program (based on the federal income tax bracket you qualify for and how much you set aside in the flex program per year).

How much can I save?

15% Tax Bracket, $1500 / yr

Tax  Percentage  Savings 
Federal Income  15.00%  $ 225.00 
State Income  5.00%  $ 75.00 
Social Security  6.20%  $ 93.00 
Medicare  1.45%  $ 21.75
Total Savings $ 414.75

25% Tax Bracket, $1500 / yr

Tax  Percentage  Savings 
Federal Income  25.00%  $ 375.00 
State Income  5.00%  $ 75.00 
Social Security  6.20%  $ 93.00 
Medicare  1.45%  $ 21.75
Total Savings $ 564.75

15% Tax Bracket, $3000 / yr

Tax  Percentage  Savings 
Federal Income  15.00%  $ 450.00 
State Income  5.00%  $ 150.00 
Social Security  6.20%  $ 186.00 
Medicare  1.45%  $ 43.50 
Total Savings $ 829.50 

25% Tax Bracket, $3000 / yr

Tax Percentage Savings
Federal Income 25.00%  $ 750.00 
State Income 5.00%  $ 150.00 
Social Security 6.20%  $ 186.00 
Medicare  1.45%  $ 43.50 
Total Savings $ 1,129.50 

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