FLEXIBLE SPENDING ACCOUNT HEALTH CARE FSA DEPENDENT CARE FSA ▪ Administered by PrimePay ▪ Administered by PrimePay ▪ You may contribute up to $2,750 per year to pay for eligible ▪ You may contribute up to $5,000 ($2,500 if married and medical, Rx, dental and vision expenses filing taxes separately) to pay for eligible dependent care ▪ Funds are available to you on the first day of the plan year expenses. ▪ You can roll over up to $550 of unused funds into the 2022 ▪ Funds are available as you accrue them in the account. plan year ▪ You cannot roll over any unused funds into the 2022 plan ▪ Any amounts over $550 in the account would be forfeit under year the ‘use it or lose it’ rule ▪ Any unused funds would be forfeit under the ‘use it or lose it’ rule. Please note your current coverage elections WILL NOT automatically rollover 21 21
Saint Joseph's Medical Center Open Enrollment 2021 - R Page 20 Page 22