What you need to know

Have kids? The Dependent Care Flexible Spending Account can help you save on taxes while paying for eligible child care expenses. Have a body? The Health Care Flexible Spending Account can do the same thing when you pay for eligible medical, dental, and vision expenses. More saving. Less taxing. What’s not to love?

Dependent Care FSA

  • Your pretax contributions—choose from $100 to $5,000 a year—are deducted from your regular paychecks.
  • Get reimbursed for dependent care expenses incurred while you and your spouse/partner are at work or attending school full-time.
  • Eligible expenses include day care, after-school care, and summer day camp for children under age 13, or care for adult dependents who are unable to care for themselves.
  • You’ll forfeit any funds remaining in your account if you haven’t used them by December 31.

Dependent Care FSA

Health Care FSA

  • Your pretax contributions—choose from $100 to $3,050 for 2024—are deducted from your regular paychecks.
  • Get reimbursed for your and your covered dependents’ eligible health care expenses, including medical deductibles, doctor’s office visits, prescription drug copays—even the unpaid portion of a dental or vision claim.
  • Per the IRS, domestic partners’ expenses aren’t eligible for the Health Care FSA.
  • Plan carefully. There's a limit to the amount you can carry over to the next year. For 2024, that limit is $640.

Limited Purpose FSA

  • You can enroll in this FSA plan if you are enrolled in the Cigna Smart Plan or Kaiser Smart Plan.
  • Your pretax contributions—choose from $100 to $3,050 for 2024—are deducted from your regular paychecks.
  • Get reimbursed for your and your covered dependents’ eligible dental and vision expenses. You can use it for medical expenses only after you meet your Smart Plan deductible for the year.
  • Plan carefully. There's a limit to the amount you can carry over to the next year. For 2024, that limit is $640.

Take this FSA further

You can use your Limited Purpose FSA for medical expenses after you meet your Smart Plan deductible.

Use it now