Page 10 - 2022 Intapp Benefits Guide
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Flexible Spending Accounts
A Flexible Spending Account (FSA) helps you pay for health care or dependent care costs using tax-free dollars.
Your contribution is deducted from your paycheck on a pretax basis and is put into the FSA. When you incur expenses,
you can access the funds in your account to pay for eligible expenses. This chart shows the eligible expenses for each
FSA and how much you can contribute each year. Each of these options reduces your taxable income.
Account type Eligible expenses Annual contribution limits
Most medical, dental and vision care expenses Maximum contribution is $2,850 per year.
that are not covered by your health plan (such as You cannot enroll if you are enrolled in the Cigna
Health Care FSA copays, coinsurance, deductibles, eyeglasses HDHP w/HSA or Kaiser HDHP w/HSA plans.
and prescriptions) Funds are deducted throughout the year, but all
funds are available on January 1.
Dental and vision expenses only that are Maximum contribution is $2,850 per year.
not covered by your health plan (such as This is available to those enrolled in the Cigna
Limited Purpose FSA copays, coinsurance, deductibles, eyeglasses HDHP w/HSA or Kaiser HDHP w/HSA plans.
and prescriptions) Funds are deducted throughout the year, but all
funds are available on January 1.
Dependent care expenses (such as day care, Maximum contribution is $5,000 per year
after school programs or elder care programs) for ($2,500 if married and filing separate tax returns).
Dependent Care FSA
children under age 13 or elder care so you and
your spouse can work or attend school full-time
Important information about FSAs
Your FSA elections are effective from January 1 through December 31. Due to COVID-19, Intapp adopted the
temporary provision to allow any leftover funds from year 2021 FSA to roll over into the 2022 Plan Year. This is for
the Healthcare FSA and Limited Purpose FSA. The unlimited roll over ends 12/31/22 and the carry over returns to
$570. Dependent Care FSA will continue to have a grace period of 2.5 months to incur claims.
Please plan your contributions carefully. Any unused money remaining in your account(s) will be forfeited.
This is known as the “use it or lose it” rule and it is governed by Internal Revenue Service regulations. Note that
FSA elections do not automatically continue from year to year; you must actively enroll each year.
Tools and Resources
● FSA Tax Savings Calculator
● HDHP/HSA VS. Traditional Health Plan
Tools and Resources
● FSA 101
● The WEX Mobile App
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