Flexible Spending Account (FSA)
Available for Full-Time and Part-Time Associates
Our FSAs help you set aside funds on a pre-tax basis for health and dependent care—plus, you get the added thrill of saving on taxes!
​What is an FSA?​
An FSA is a flexible spending account where you elect how much to contribute each year. Your FSA is funded by payroll deduction and contributions are made on a pre-tax basis. Your annual FSA election amount is available to use right away, but follows the "use it or lose it" rule with limited rollover options.
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​​How do I use it and what expenses are covered?​
You can use your FSA debit card at doctor’s offices, dental clinics, pharmacies, and vision providers. It’s also valid for purchasing medical equipment like crutches, bandages, and most over-the-counter medications.
Is an FSA tax-free?
FSAs let you use pre-tax dollars for eligible expenses, reducing your taxable income and saving on federal, state, and Social Security taxes.
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General Rules:
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Expenses must occur during the 2025 plan year.
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Funds cannot be transferred between Healthcare and Dependent Care FSAs.
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You cannot claim the same expenses on both your federal taxes and Dependent Care FSA.
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"Use it or lose it"—any unused funds beyond the rollover limit ($640 for 2025) will be forfeited.
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There is a minimum annual election of $25 to enroll in the FSA.
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Mid-year changes to FSA elections are only allowed with a Qualifying Life Event.
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Highly compensated associates (income of $150,000+) may have different contribution limits. Visit www.irs.gov for details.​​​​​​​​​​​​​​​
Six Flags Flexible Spending Account Options
​Healthcare Flexible Spending Account
Using a Healthcare FSA, you can contribute up to $3,200 annually with pre-tax dollars to cover qualified medical expenses like deductibles, copays, PPE, menstrual products, and over-the-counter medications. You can pay directly with your FSA debit card—no waiting for reimbursement.
Limited Use Flexible Spending Account (LUFSA)
A Limited Use Flexible Spending Account works with in conjunction with a Health Savings Account. The LUFSA with allows reimbursement for dental and vision expenses. The maximum annual contribution limit is $3,200.
Dependent Care Flexible Spending Account
You can enroll in a Dependent Care FSA even if you choose not to participate in other benefits. This allows you to set aside pre-tax funds for expenses related to caring for elderly or child dependents. Unlike the Healthcare FSA usage/reimbursement is limited to the amount currently in your account.
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Contribution Limit: You can contribute up to $5,000 for child or elder care expenses.
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Eligible Dependents: This includes children under 13 or a spouse/individual who cannot care for themselves and lives with you for more than half the year.
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Care Provider Information: You must provide the tax ID or Social Security number of the caregiver to receive reimbursement.
Eligible expenses cover daycare necessary for you and your spouse to work or attend school full-time, such as:
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In-home babysitting (not by a dependent)
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Licensed nursery or daycare for preschool children
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Before- and after-school care
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Day camps
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In-house daycare for dependents
What Are the Benefits of a Flexible Spending Account?
Tax Savings
Contributions are pre-tax, reducing your taxable income and saving you money.
Dependent Care Savings
FSAs can be used for eligible dependent care expenses, like daycare or eldercare, with pre-tax dollars.
Roll Over Options
You can roll over up to $640 of unsued funds that can be used for the next plan year.
Use for Medical Expenses
FSAs cover a wide range of medical expenses, including co-pays, doctor visits, prescriptions, and over-the-counter medications.
Immediate Access
Unlike HSAs, your full FSA annual election amount is available at the start of the plan year.
Reduces Out-of-Pocket Costs
FSAs use pre-tax dollars, reducing your out-of-pocket healthcare and dependent care costs.
