Results for Flexible Spending Accounts
Rockwell Automation offers two Flexible Spending Accounts (FSAs): the Health Care FSA and the Dependent Care FSA. FSAs help you pay for eligible health care and dependent care expenses with tax-free dollars. You’re eligible for different FSAs depending on the medical option you choose:
- If you enroll in the HRA option, you are eligible to participate in a Health Care FSA.
- If you enroll in the HSA option, you are eligible to participate in a Limited Purpose FSA only. You can only use your Limited Purpose FSA for certain expenses.
- If you enroll in either the HRA or HSA option, you are eligible to participate in a Dependent Care FSA.
|Dependent Care FSA|
|How Much Can I Contribute in 2020?|
($2,500 maximum if married and filing separately from your spouse)
|What Can the Money Be Used For?|
Dependent care expenses incurred so you and your spouse can work or go to school full-time, like:
Day care centers (including adult day care centers)
In-home day care providers
Before- and after-school care (if not already included in tuition)
|What Are the 2019 Deadlines?|
Deadline to use funds: Dec. 31, 2019
Deadline to submit expenses: Mar. 31, 2020
|What Are the 2020 Deadlines?|
Deadline to use funds:
Deadline to submit expenses:
|Does the money carry over?|
No. The carryover is strictly related to Health Care FSAs.
IRS Regulations for Flexible Spending Accounts
The IRS manages the guidelines for eligible FSA expenses. In most cases, you’ll need to submit receipts or other documentation to prove that your expenses are eligible. Make sure your documentation is complete and clearly eligible!
By law, expenses for domestic partners and their dependents are not eligible for reimbursement from FSAs.
For more information about FSA rules, see IRS Publications 502 and 503 at www.irs.gov.
Manage Your FSA
Managing and submitting claims to your account is easy! Just go to EmployeeConnect > Your Benefit Resources to upload FSA claims digitally and keep track of your FSA funds.