Results for Flexible Spending Accounts
FSA Eligibility
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 Broad Access Plan option or the High-Performance Plan option, you’re eligible to participate in a Health Care FSA.
- If you enroll in the Broad Access HSA option, you are eligible to participate in a Limited Purpose FSA only. You can only use your Limited Purpose FSA for certain expenses, and you must submit claims for reimbursement. You cannot use the YSA debit card.
- You’re eligible to participate in a Dependent Care FSA in all options.
Dependent Care FSA | |
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How much can i contribute in 2023? | $100 minimum $5,000 maximum ($2,500 maximum if married and filing separately from your spouse)
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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: Nursery schools Day care centers (including adult day care centers) In-home day care providers Before- and after-school care (if not already included in tuition) The cost of sending your child to a day camp may be a work-related expense, even if the camp specializes in a particular activity, such as computers or soccer |
What Are the 2023 Deadlines? | Deadline to use funds: Deadline to submit expenses: |
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 irs.gov.
Manage Your FSA
Managing and submitting claims to your account is easy! Just go to Your Benefits™ to upload FSA claims digitally and keep track of your FSA funds.