Consider and take appropriate action to approve the employee annual

Staff Report & Agenda Item Details

Consider and take appropriate action to approve the employee annual contribution limits for the Flexible Spending Account (FSA) for Health Care and Dependent Care for Fiscal Year 2027 and the Health Savings Account (HSA) for Calendar Year 2027: A. For Health Care FSA, update the employee annual contribution limit to $3,400 from the current $3,300 ($100 increase) for the Fiscal Year 2027 plan year B. For Dependent Care FSA, update the employee annual contribution limit to $7,500 from the current $5,000 ($2,500 increase) for the Fiscal Year 2027 plan year C. For HSA, update the employee annual contribution limit to $4,500 for single coverage ($100 increase) and $9,000 for family coverage ($250