Page 17 - 2021 Dreyer's New Hire Guide

Flexible Spending Accounts (FSA)

Offered through Optum
Flexible Spending Accounts (FSAs) offer you a great way to save money on taxes. The Health Care FSA and
Dependent Care FSA let you set aside tax-free dollars – money taken out of your paycheck before income
or Social Security taxes have been calculated – to pay for eligible health care and dependent care
expenses. The administrator for this plan is Optum.

HEALTH CARE FLEXIBLE employees enrolled In the HDHP with the HSA
SPENDING ACCOUNT medical plan option. The Limited Purpose Health
Care FSA works the same way as the standard
The Health Care FSA is designed to help pay for Health Care FSA: pretax contributions, ”use it or
eligible out-of-pocket health care expenses. lose it” elections, and expenses must occur within
For 2022, you can contribute $2,750 per year per the plan year. However, with the Limited Purpose
individual or a maximum contribution per married Health Care FSA, you can only submit claims
couple of $5,500. for eligible vision and dental expenses. You can
LIMITED PURPOSE HEALTH CARE FSA contribute up to $2,750 annually to a Limited
Purpose Health Care FSA.
The Limited Purpose Health Care FSA is for

Note: For 2022, you can roll over up to $550
into the next plan year for both the Health
Care and Limited Purpose Health Care FSAs.
This means that the most that you will be able
to use for qualified expenses after year-end You will receive a new debit card for
is $550. You have 90 days from the end of the your Health Care FSA or Limited Purpose
plan year to make your claim. FSA account.

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FLEXIBLE SPENDING ACCOUNTS (FSA)