• Flexible Spending Accounts

  • Flexible Spending Accounts (FSAs) offer eligible employees the ability to set aside pre-tax money for qualified out-of-pocket healthcare and/or dependent care expenses. Employees who participate make an annual election which is divided evenly over the pay periods in that plan year. Contributions are deducted from each paycheck on a pre-tax basis and contributed to the elected health and/or dependent care account. The funds can then be used to pay your qualified out-of-pocket expenses.

    If you want an FSA for the next calendar year, you must make a new election during open enrollment. FSA elections do not continue from year to year. Cigna is administrator for our FSAs and we will be offering three FSA account options. 

    Traditional Healthcare FSA
    The Traditional Healthcare FSA allows you to set aside up to $2,750 per calendar year, pre-tax, to be used for out-of-pocket healthcare expenses not reimbursed under your family’s health care plans. This includes expenses such as copays, deductibles and coinsurance under your medical, dental, vision and prescription plans. This plan offers a Flex Debit Card that can be used to pay these qualified expenses during the calendar year.  Note: if you do not enroll in an FSA for the following year, your debit card will be deactivated on December 31. Eligible claims incurred or paid after December 31 will have be paid and reimbursed through a manual reimbursement form. 

    Limited Purpose Healthcare FSA
    If you are enrolling in the HDHP with HSA and choose to also contribute to a Healthcare FSA, your funds in the Healthcare FSA would be limited to dental and vision reimbursements only. This is known as a Limited Purpose Healthcare FSA. You can contribute up to $2,750 into a Limited Purpose Healthcare FSA. Reimbursement claims can only be filed via mail or fax.

    Dependent Care FSA
    The Dependent Care Expense Reimbursement Account allows you to put aside up to $5,000 per household (temporarily increased to $10,500 for 2021), per calendar year, pre-tax, to be reimbursed for daycare expenses for your child(ren) up to age 13 (increased to age 14 for 2020 funds) and other qualified dependents. Reimbursement claims can only be filed via mail or fax.

    Elections for FSAs are for the calendar year. Expenses must be incurred during the calendar year (or though the grace period of March 15 of the following year for the Healthcare FSAs) and submitted by March 31 of the following year*. If you terminate employment mid-year, you may only be reimbursed for eligible expenses incurred from your date of enrollment through your last day of work.  Any money remaining in the account will be forfeited (use it or lose it rule). Changes to FSAs can only be made if there is an IRS qualifying event and the change is consistent with the qualifying event.*
     
    *For plan years 2020 and 2021 balances remaining in FSA accounts at the end of the plan year will rollover for use in the next plan year for active employees  (ex: unused funds from 2020 roll into 2021 and unused 2021 funds roll into 2022).  Changes to Dependent Care FSA elections can be made at any time without a qualifying life event.  This is a temporary provision for these years only. 
     
    More information on these temporary provisions can be found in the letters mailed and emailed to participants in April 2021. 
     
     
    **Different deadlines apply for employees who have a Tradtional Healthcare FSA in a year prior to enrolling in the HDHP with HSA. 
     

     
    Enrollment, Changes and Termination

    Visit the Benefits Basics page to find information on: 
    • Eligibility for Benefits
    • Enrollments and Changes
    • Making Benefit Elections/Changes
    • Coverage for Dependents
    • Qualifying Events/Mid-Year Changes
    • Termination of Coverage
    • COBRA Coverage
     
Last Modified on August 19, 2021