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:
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If you enroll in the Broad Access or High-Performance plan option you are eligible to participate in a Health Care FSA.
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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, and you must submit claims for reimbursement. You cannot use the Smart-Choice debit card.
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You do not need to be enrolled in a Rockwell medical plan to be eligible to participate in a Dependent Care FSA.
| Health Care FSA | |
|---|---|
| How much can i contribute in 2024? | $100 minimum $3,050 maximum
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| What Can the Money Be Used For? | If you have a General Purpose FSA, eligible medical, dental and vision expenses for you and your tax dependents, like: Deductibles Copayments and coinsurance Medical supplies Immunizations Over-the-counter drugs for which you have a prescription Prescription drugs Contact lenses and eyeglasses Dental work If you have a Limited Purpose FSA, eligible preventive pharmacy coinsurance, dental and vision expenses for you and your tax dependents until you meet your deductible, and then eligible medical expenses too. |
| What Are the 2024 Deadlines? | Deadline to use funds: Dec. 31, 2024 Deadline to submit expenses: Mar. 31, 2025 |
| Does the money carry over? | Roll over up to $640 each year (active election required). You forfeit any unused funds over $640. |
Special Rules for Your HSA and Health Care FSA
If you enroll in either the HSA and also want to participate in a Health Care FSA, special rules apply.
If you are enrolling in the HSA option, you must choose the Limited Purpose FSA. Until you meet your deductible, you can only use your Limited Purpose FSA for dental and vision 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.
