Flexible Spending Account
Set aside pre-tax dollars for eligible expenses.
Set aside pre-tax dollars for eligible expenses.
A Flexible Spending Account (FSA) is a special account you put money into that you use to pay for eligible out-of-pocket care expenses. OneMain’s FSA plan allows you to set aside your own pre-tax dollars for unreimbursed healthcare and daycare expenses. Participants can benefit by having fewer taxes deducted from their paychecks as well as paying for eligible expenses with pre-tax dollars.
Your FSA balance does not roll over from year-to-year. If you do not use your funds, you will lose them. You must re-enroll in the FSA programs every year.
Once you enroll in an FSA (Healthcare or Limited), you will be given an FSA debit card. If you already have a debit card and re-enroll in Healthcare, you can continue to use your same debit card. While the debit card may always be used at qualified healthcare providers, it’s a good idea to save your receipts from your card purchases in the event you are asked to substantiate a purchase. Substantiation for Healthcare, Limited Purpose, and Dependent Care reimbursements can be made online.
A Healthcare FSA (HCFSA) is a pre-tax benefit account that you can use to pay for eligible medical, dental and vision care expenses that aren't covered by your health insurance plan. This type of account can be set up for you and your eligible dependents whether or not you are enrolled in medical, dental or vision plan(s).
A Limited Purpose FSA2 (or Limited Expense FSA - LEX HCFSA) allows team members to have money deducted from their pay on a pre-tax basis. Funds then reimbursed for qualified dental/vision expenses only for you, your spouse and your tax-dependent child(ren). This type of account can be set up for you and your eligible dependents whether or not you are enrolled in medical, dental or vision plan(s).
A Dependent Care FSA2 (DCFSA) is a pre-tax benefit account used to pay for dependent3 care services while you are at work. The money you contribute to a Dependent Care FSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck.
1. Annual pledged contribution is available on your effective date of coverage. The IRS requires you keep copies of all expenses in which your FSA dollars were used.
2. If you elect to participate in the CDHP and have an HSA, you still qualify for the Limited Healthcare and the Dependent Care FSAs, but not Healthcare FSA. Depending on the account (LEX HCFSA or DCFSA), your flex dollars may only be used for the respective eligible expenses, not medical or pharmacy expenses.
3. Under a Dependent Care FSA, "dependent" is defined as a child under the age of 13 or an adult dependent or spouse who cannot take care of themselves.
The Benefits Service Center is made available to you through the HRConnect Self-Service Portal, providing support from dedicated professionals committed to helping you understand the benefit options available to you. Whether you have questions about your benefit plans, concerns about coverage, or just need guidance on which medical plan is right for you and your family, connect with the Benefits Service Center.
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This Digital Benefits Guide is intended to highlight available benefits and should not be relied upon to fully determine coverage. They are not complete descriptions of the benefits. The company may terminate or modify any benefits described on this website, at any time, for any reason. The descriptions listed on this website are not guarantees of coverage. If there is any conflict between this website and the official plan documents, the official plan documents and contracts will prevail.
Summary of Benefits Coverage are available within this Digital Benefits Guide as well as on MainStreet under Total REWARDS and Workday under My Benefits.
