FLEXIBLE SPENDING ACCOUNTS (FSA)
Campbell & Company is offering a Flexible Spending Account (FSA) for 2024. This is how an FSA works:
• You set aside up to $3,200 annually for your FSA from your paycheck before taxes are taken out. • Then use your pre-tax FSA funds throughout the plan year to pay for eligible health care or dependent care expenses. • You save money on expenses you’re already paying for. • This account is “use it or lose it” meaning all unspent funds are forfeited and do not rollover.
DEPENDENT CARE FSA ELIGIBLE EXPENSES
HEALTH FSA ELIGIBLE EXPENSES
• Medical expenses: co-pays, co-insurance, and deductibles • Dental expenses: exams, cleanings, X-rays, and braces • Vision expenses: exams, contact lenses and supplies, eyeglasses, and laser eye surgery • Professional services: physical therapy,
• Care for your child who is under age 13 • Before and after-school care • Baby sitting and nanny expenses • Day care, nursery school, and preschool • Summer day camp • Care for a relative who is physically or mentally incapable of self-care and lives in your home
chiropractor, and acupuncture • Prescription drugs and insulin
• Over-the-counter health care items: bandages, pregnancy test kits, blood pressure monitors, etc.
COMMUTER ACCOUNTS ▪
Flex Transit is a monthly election. Employees can change their pre-tax deductions at anytime during the plan year, based on their current month’s expenses. Unused funds roll over into the next year provided they stay enrolled in the plan. ▪ Save on your commute by contributing pretax dollars towards transit expenses. These plans are administered by HealthEquity, and funds can be accessed via your FSA card.
The 2024 monthly maximum contribution to Transit and Parking FSA accounts is $315. Totaling $630/per month for both .
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CAMPBELL & COMPANY BENEFITS GUIDE
FSA I
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* For illustrative purposes only. Please refer to your plan documents for all plan details
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