You can contribute up to $2,700 annually to your FSA.
Your annual election gets deducted evenly from your paychecks and put in your FSA – on a pre-tax basis.
Your annual election is available on day 1 of the plan year. You can use FSA funds to pay for eligible healthcare expenses.
If you don’t exhaust your FSA funds by year’s end, you can rollover up to $500 into next year’s FSA plan.