Flexible Spending Accounts (FSA)

Healthcare Flexible Spending Account (FSA)

Purpose

A Healthcare FSA allows for you and your eligible dependents to use the funds you contribute on a pre-tax basis throughout the year to pay for a wide range of eligible expenses such as deductibles, coinsurance, and copays for yourself and your covered dependents as well as certain over-the-counter medications.

Annual contribution limits

Up to $3,400

Funds do not roll over

FSAs have a “use-it-or-lose-it” rule. You have until March 15 of the following year to spend any unused funds in your FSA and until April 30 of the following year to submit any eligible expenses for reimbursement.

Limited Purpose Flexible Spending Account (FSA)

Purpose

The primary purpose of a Limited Purpose FSA is to complement a Health Savings Account. If you enroll in the Cigna Consumer Health Plan, you can use a Limited Purpose FSA to save tax-free and pay for eligible dental and vision expenses.

Annual contribution limit

Up to $3,400

Funds do not roll over

FSAs have a “use-it-or-lose-it” rule. You have until March 15 of the following year to spend any unused funds in your FSA and until April 30 of the following year to submit any eligible expenses for reimbursement.

Dependent Care Flexible Spending Account (DCFSA)

Purpose

A Dependent Care FSA allows you to set aside money on a pre-tax basis to pay childcare expenses such as

• Au pair agency fees—required application or agency fees or deposits that are paid in connection with the actual placement of an au pair or other caregiver.
• Expenses for a day care center, summer day camp, or preschool.
• Expenses for an unlicensed day care center that cares for six or fewer children.
• Expenses at an adult day care facility (but not expenses for overnight, nursing home facilities).
• The cost of day care and housekeeping services in your home for your child or other qualifying individual.

View Eligible Dependent Care FSA Expenses ↗

Annual contribution limits

Up to $7,500*

*Employees earning over a certain compensation level are considered Highly Compensated Employees (HCEs) and, due to our plan restrictions, are not eligible to participate in the Dependent Care FSA program.

How it works

Pay your dependent day care expenses out of pocket. Then submit the expense to Cigna Healthcare for reimbursement via myCigna or by using the Reimbursement Request Form [PDF].