Page 19 - NRDC Benefits Guide for 2022
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Flexible Spending Accounts (FSAs)
A great way to plan ahead and save money over the course of the year is to participate in the
Flexible Spending Account (FSA) program, administered ay Cigna.
How does an FSA work? Healthcare FSA
An FSA allows you to redirect a portion of You may participate in this type of flexible
your pay on a pre-tax basis into a dedicated spending account if you are not eligible to
spending account. Amounts credited to these open or if you chose not to contribute to a
accounts may be used to pay eligible Health Savings Account (HSA).
healthcare and dependent care expenses.
During annual enrollment, you decide how
Pre-tax means the dollars you use to much to set aside for this account. You may
reimburse eligible expenses are not subject to contribute up to $2,850 to the healthcare
Social Security tax, federal income tax and, in flexible spending account.
most cases, state and local income taxes.
Money you would have paid in taxes can be You can use your Healthcare FSA to pay for
used to pay qualified expenses. eligible medica, dental, and vision expenses.
This include co-payments, deductibles, most
Three ways to maximize your pre-tax prescribed drugs and insulin, dental care,
savings: some medical equipment, and out-of-pocket
expenses to cover medical treatment.
1. Healthcare FSA
2. Limited Purpose FSA A complete list of eligible expenses can be
3. Dependent Care FSA found in IRS Publication 502. The link to this
list can be found on the website irs.gov. You
can also visit fsastore.com or Amazon to
shop for qualifying items.
FSA Tools
To submit FSA claims online, log in to
myCigna.com, go to Forms Center, select
Online Reimbursement Request and complete
the online claim submission form. Or you can Special Provisions
submit reimbursement requests on the go
using the MyCigna Mobile App. All claims for reimbursement for the current
plan year must be submitted no later than
To estimate your contribution amount, visit March 31 of the following plan year.
cigna.com/fsacalc. You will be able to carry over unused funds
of your 2021 Healthcare FSA and Limited
Purpose FSA to the 2022 plan year.
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