FSAs allow you to set aside pre-tax dollars to pay for eligible health and dependent care expenses. Each year, you must elect the annual amount you want to contribute to one or both accounts. Your contributions will be deducted pre-tax from your paycheck which can help reduce your taxable income. See table below for carry-over options for each FSA.
The Health Care FSA will reimburse you for eligible health care expenses that you, your spouse, and your children incur during the plan year. When you incur an eligible expense, you can use your Navia debit card and/or submit documentation for reimbursement.
Note: If you are enrolled in the HDHP with HSA, you are not eligible to participate in the Health Care FSA; however, you may elect the Limited Purpose Health Care FSA.
Since employees enrolled in the Aetna HDHP are not eligible to enroll in a Health Care FSA, Lucid offers a Limited Purpose Health Care FSA, which is HDHP compatible and can only be used to pay for dental and vision expenses. There is one exception to this rule: HDHP members can use their Limited Purpose Health Care FSA funds towards medical expenses if they have satisfied the plan deductible.
The Dependent Care FSA lets you use pre-tax dollars to pay eligible daycare expenses for children age 12 and under, a disabled spouse, or older parents in eldercare who are unable to care for themselves. Care can be provided through live-in care, babysitters, or licensed daycare centers.
You can stretch your dollars with FSAs. Just set aside money from your paycheck before taxes are applied, then use that money to pay for eligible health and/or daycare expenses.
| Plan Features | Health Care FSA | Limited Purpose FSA | Dependent Care FSA |
|---|---|---|---|
| Eligibility | Eligible team members who are not enrolled in the HDHP with HSA | Eligible team members who are enrolled in the HDHP with HSA |
All eligible team members |
| 2025 Contribution Limit | $3,300 per year | $3,300 per year | $5,000 per year ($2,500 if married and filing separately) |
| Eligible Expenses* | Deductibles, copays, coinsurance, and prescriptions | Dental, vision, and medical expenses | Daycare for children age 12 and under (or disabled children) and dependent adults |
| Availability of Funds | The full election is available on your plan effective date | The full election is available on your plan effective date | Be reimbursed up to the amount available in your account |
| Payment or Reimbursement | Debit card or reimbursement | Debit card or reimbursement | Reimbursement |
| Carry-over Options | Roll over up to $660 of unused funds – must have an active FSA account to be eligible for rollover funds |
Roll over up to $660 of unused funds – must have an active FSA account to be eligible for rollover funds |
Unused funds do not roll over |
| Services Deadline | Services must be incurred by 12/31/2025 | Services must be incurred by 12/31/2025 | Services must be incurred by 12/31/2025 |
| Submission Deadline for Reimbursement | Reimbursement must be submitted by 3/31/2026 | Reimbursement must be submitted by 3/31/2026 | Reimbursement must be submitted by 3/31/2026 |
*Refer to IRS Publication 502 and 503 for a complete list of eligible expenses.
FSAs offer significant tax advantages, but are subject to IRS regulations: