Sometimes referred to as a Cafeteria Plan, Flex Plan, or a Section 125 plan — a Flexible Spending Account (FSA) allows you to set aside a specific amount from your paycheck, before paying taxes, and have it deposited into an FSA account for reimbursement of your qualifying medical, dental and/or dependent daycare expenses. The maximum contribution limit for Health Care FSA is $2,850 for 2022, $3,050 for 2023 and $5,000 for dependent care. We use TASC.