Home 2026 Annual Enrollment Don’t miss out! Say “yes” to the FSAs and save

Don’t miss out! Say “yes” to the FSAs and save.

Put money you’d otherwise spend on taxes back into your wallet. How? Enroll in a Flexible Spending Account (FSA)!

When you participate in an FSA, you save on taxes when you use it to pay for planned health care or dependent daycare expenses. You contribute before-tax dollars to an FSA through convenient payroll deductions. This lowers your taxable income, so you automatically pay less in taxes. Your tax savings will be equal to the taxes you would have paid on the money you’ve contributed.

Then, during the year, use the money in your FSA(s) to pay for eligible expenses—expenses you’d be paying for anyway—with tax-free dollars. It’s that easy!

If you aren’t already taking advantage of these accounts, spend a few minutes now learning about them—and the IRS rules governing them.

Flexible Spending Accounts (FSAs)

During Annual Enrollment, enroll in either or both of Swift’s FSAs:

  • Use the Health Care FSA for eligible health care (medical, dental and vision) expenses you pay out-of-pocket, like copays, deductibles and coinsurance. But that’s not all—also use your Health Care FSA dollars to pay for hundreds of everyday health care items like prescription drugs, glasses, over-the-counter medications, sunscreen and much more. In 2026, you can contribute up to $3,400 to the Health Care FSA. Tip: Your entire Health Care FSA annual contribution is available as soon as your first contribution is posted to your account in January.

How it works: Assume you put in $25 a week, which is $1,300 per year. You’ll receive a debit card for your account, which you use to pay for eligible expenses. When you go to the doctor, use your card to pay for your copay. If you buy prescription glasses, use your card to pay the bill. If you fill a prescription, use your card to pay for that too. Continue to use your card throughout the year to pay for eligible health care expenses until you reach your $1,300 contribution limit—while saving taxes on that $1,300 the whole time.

Important! Be sure to save all your receipts. You may be asked to provide copies to confirm your expenses. If you do not provide receipts when requested, your debit card will be deactivated. These are IRS rules we must all abide by.

  • Use the Dependent Daycare FSA for eligible child care or elder care expenses that make it possible for you and your spouse (if applicable) to work, find work or attend school full-time. In 2026, Swift allows you to contribute up to $5,000 to the Dependent Daycare FSA ($2,500 if married and filing separate tax returns). Tip: If you’re paying for dependent daycare, you probably have a good idea of what it will cost for the coming year. Why not enroll in the Dependent Daycare FSA and guarantee you’ll get a tax break on expenses you know you’ll have?

There are IRS deadlines for spending the money in your FSAs each year.

  • Health Care FSA: You can use any dollars remaining in your account at the end of one year to pay for eligible expenses through March 15 of the next year.
  • Dependent Daycare FSA: You cannot carry over any dollars remaining in your account at the end of one year to pay for eligible expenses in the next year.

For both FSAs, you must file all claims for reimbursement of eligible expenses by May 31.

Plan your contributions carefully. If you don’t spend and claim reimbursement by the deadlines, you’ll lose the money left in your accounts. But you won’t lose out on the tax savings!

Learn more about how the FSAs work.