If you decide to participate in this account, you must choose the amount of before-tax pay you want deposited to your account for the year.
Your deposits to the flex health care account can range from a minimum of $100 to a maximum of $2,500 annually for year 2013. Deposits into the Dependent Care flex account can range from a minimum of $100 to a maximum of $5,000 annually.
Your deposits are deducted from your pay before federal, state, and Social Security taxes have been deducted. This reduces your taxable income and your tax obligation.