Flexible Spending Accounts (FSAs)

Health Care FSA

The Health Care FSA allows you to use tax-free dollars for eligible health care expenses that are not covered by insurance for you, your legal spouse and your eligible dependents. You can put up to the IRS annual maximum into the Health Care FSA each year. Keep in mind that with the Health Care FSA, you may be allowed to roll over your unused funds for use in the next plan year. If you decide not to contribute to an FSA in 2025, you can still roll over funds from the previous plan year. The rollover will replace the grace period for the Health Care FSA, giving you an entire year to use your funds instead of the traditional 2 ½ months allowed by grace.

Limited Purpose FSA

If you are enrolled in the Aetna or Kaiser HDHP and open a Health Savings Account, based on federal rules you may not participate in a Health Care FSA. Instead, you have the option to enroll in a Limited Purpose Flexbile Spending Account, which can be used to pay for certain non-medical expenses such as eligible dental or vision care.
You can put up to the IRS annual maximum into the Limited Purpose FSA each year. Keep in mind that with the Limited Purpose FSA, you may be allowed to roll over your unused funds for the use in the next plan year. If you decide not to contribute to a Limited Purpose FSA, you can still roll over funds from the previous plan year. The rollover will replace the grace period for the Limited Purpose FSA, giving you an entire year to use your funds instead of the traditional 2 1/2 months allowed by grace

Dependent Care FSA

The Dependent Care FSA lets you use tax-free dollars, up to the IRS limit, to pay for child and elder day care costs incurred so you and your spouse may work or attend school full-time.