Flexible Spending Accounts

FSAs allow you to save pre-tax money through payroll deductions to cover healthcare and/or dependent daycare expenses, up to the IRS’s annual limit.

Note: You forfeit any money not used before the annual deadline, so plan carefully.

My Favorites

Healthcare Flexible Spending Account

You may save $3,300 in pre-tax contributions for qualifying healthcare expenses. If you’re enrolled in the United CDHP with HSA or Kaiser CDHP with HSA, you can contribute pre-tax money to a Dental and Vision FSA. It works like the Healthcare FSA, but you can only use it for qualified dental and vision expenses. The total amount you elect to save for the plan year is available on January 1. However, you must use-it-or-lose-it. There is no rollover feature with an FSA.

Need help using up your Healthcare FSA balance?

Dependent Daycare Flexible Spending Account

Save money to cover child and elder care expenses through convenient pre-tax payroll contributions throughout the year.

You can make pre-tax contributions to a special savings account that you can use to pay for preschool, summer day camp, before or after school programs, and eligible child or elder care. We call it the Dependent Daycare FSA. You may save up to $7,5001 and you must use 100% of the money you save before the IRS-required deadline, or you’ll forfeit any remaining balance.

One word of caution: Unlike the Healthcare FSA, you have to save money before using your account balance to pay for expenses. Until you get enough saved up to pay a bill, you’ll have to cover the cost out of pocket while saving pre-tax money in this account. Then you can reimburse yourself. If you’re concerned that this may be too difficult, this FSA may not be the savings vehicle for you.

Note for highly compensated employees (HCEs): The Internal Revenue Code (IRC) prohibits Dependent Daycare FSA plans from favoring HCEs. If you are deemed an HCE, your Dependent Daycare FSA election may be limited to a lower amount, and if the plan is found to discriminate against non-highly compensated employees, Asurion must further reduce your contributions to a level that enables compliance with the IRC. You will be notified with further details if there is any impact to you.

1Married individuals who file separate tax returns may each save $3,750.

Commuter Flexible Spending Account

Go to Asurion Benefits Central, click on Reimbursement Accounts, then click the Commuter Account option.

Events

Notifications