Flexible Spending Plans

The Funded Healthcare Reimbursement Agreement is an account established for those enrolled in plan V and funded by North Clackamas School District once a year. The HRA tiers are $1500 and $3000. The plan provides a tax-free way for you to accumulate funds to pay for qualified medical and health-related expenses for you and your actively enrolled family members of plan V. Your unused account balance will roll over from year to year, allowing you to accumulate dollars for future use.

• Eligible expenses include, but are not limited to, copays, co-insurance, deductibles, out of pocket dental expenses, out of pocket vision expenses, prescription medications, certain over-the-counter expenses and COBRA premiums.
• Upon retirement, you can add health, dental, vision, long-term care, Medicare Part B & D, Medigap or Medicare Advantage coverage (Part C) premiums to the list of eligible expenses.

2024 HRA Fact Sheet

2025 HRA Fact Sheet

PEAK ONE FSA/HRA Over-the-Counter Medicines 

How does a healthcare FSA work?
A healthcare FSA is a flexible spending account that allows you to set aside pre-tax dollars for eligible medical, dental, and vision expenses for you and your dependents, even if they are
not covered under your primary health plan. 

• During Open Enrollment or as a New Hire, employees choose an annual election amount, up to $3,050.
• At the beginning of the plan year, your account is pre-funded and your full contribution is immediately available for use. 
• Your election amount is then deducted from your paychecks in equal installments throughout the year.

PEAK ONE FSA/HRA Eligible Expenses

PEAK ONE FSA/HRA Over-the-Counter Medicines 

PEAK ONE FSA Store

2026 Peak One FSA

2025 PEAK ONE Rollover Information

How does a dependent care FSA work?
A dependent care FSA is a flexible spending account that allows you to set aside pre-tax dollars for dependent care expenses, such as daycare. 

• During Open Enrollment or as a New Hire, employees choose an annual election amount, up to $5,000 per family. 
• The money is placed in your account via payroll deduction, in equal installments.
• Please note, the deducted funds are not available until after each pay period.
• Funds are used for expenses related to your eligible dependent's care incurred during the plan year.

2026 PEAK ONE Dependent Care FSA Overview

2025 PEAK ONE Dependent Care FSA FAQs