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Flexible Spending Account (FSA)

HEALTHCARE FSA

A Healthcare Flexible Spending Account (FSA) lets you pay for eligible medical, prescription, dental, and vision expenses with pre-tax dollars, reducing your taxable income.2026 Annual Contribution Limit: You may contribute up to $3,400 during the 2026 plan year.

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Rollover Feature

Unlike the Dependent Care FSA, your Healthcare FSA allows you to carry over up to $680 of unused funds into the next plan year. Any unused balance over $680 will be forfeited.

 

Be sure to submit eligible claims by your plan's claims filing deadline.


A debit card is provided for you to make payment at the time of service for a pharmacy, co-pay, etc. You can also make payment for any eligible expense that you receive an invoice for.

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The FSA is administered through Accrue CMS.

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Kids in Preschool

COMMUTER FSA

This benefit allows you to set aside pretax dollars for mass transit commuting and parking fees.

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  • Save 40% or more on your costs commuting to and from work

  • Contribute up to $340 for transit and $340 for parking in 2026

  • Use it for train, bus, subway, ferry, vanpool, and parking garage/meter near your place of employment

  • Any money contributed to your transit or parking benefit rolls over every month until it is used, or you are no longer eligible

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DEPENDENT CARE FSA

A Dependent Care Flexible Spending Account (DCFSA) lets you pay for eligible child care or adult dependent care expenses with pre-tax dollars while you (and your spouse, if applicable) work or attend school.​

 

2026 Annual Contribution Limit:

  • Up to $7,500 per household if you are married filing jointly or filing as a single taxpayer.

  • Up to $3,750 if you are married and file separate tax returns.

 

Use It or Lose It

Unlike the Healthcare FSA, the Dependent Care FSA does not allow unused funds to roll over into the next plan year.

 

Eligible expenses must be incurred during the plan year, and you have until March 31 of the following year to submit claims for reimbursement. Any funds remaining after the March 31 claims deadline will be forfeited in accordance with IRS regulations.

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Because unused funds cannot be carried over, consider your anticipated dependent care expenses carefully when deciding how much to contribute.

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ACCRUE FLEX SPENDING

For more information and to register for Accrue Flex Spending, click here.

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MORE INFORMATION

For more information about the FSA, including how to file a claim, information about commuter benefits, and more, click here.

Your Benefits Advocate Team

Your TerrAscend & Viridis benefits teams are here to help with your healthcare and benefit questions. We can help you with:
 

  • Claims that you believe haven’t been properly paid

  • Questions regarding a bill sent by a doctor, dentist, lab or hospital

  • Further clarification on any insurance matters

  • Questions about your healthcare benefits

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Contact Us Today

TerrAscend Benefits Team

benefits@terrascend.com

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Viridis Benefits Advocate

Andrea Filippi​​

215-660-0345

benefits@viridisinsurance.net

© The TerrAscend Organization. All rights reserved.

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