Flexible Spending Accounts (FSAs)

You can set aside $3,050 on a pre-tax basis from your paycheck to reimburse yourself for eligible medical expenses not covered by your medical, dental or vision plans for yourself, your spouse or anyone who qualifies as a dependent on your federal tax return – even if you don’t cover them on your Cargill benefits. If you are enrolled in the HSA plan, your Health Care FSA may be used for dental and vision expenses only. And the “healthcare payment card” makes it easy to access your Health Care FSA funds to pay for eligible expenses anywhere Visa is accepted. It’s a “smart card,” too – if you have both an HSA and a limited purpose Health Care FSA, you can use the same card. Be sure to keep your itemized receipts, because ConnectYourCare, the FSA administrator, may request them.

Remember: Your Health Care FSA can be used for out-of-pocket eligible medical expenses. You cannot use it to pay your monthly employee contributions for coverage, because they are paid on a pre-tax basis already. If you are enrolled in the HSA plan, your Health Care FSA is limited to dental and vision expenses only, since you can use the HSA to pay for medical expenses on a pre-tax basis.

Contribute up to $5,000 annually to help yourself pay for employment-related day care expenses for eligible dependents. An eligible dependent is someone you claim as a dependent on your federal income tax return, and includes children under age 13 who live in your home, as well as a spouse or dependent of any age (including parent) who lives with you and is physically or mentally incapable of self-support. This account reimburses you for dependent care expenses that allow you to work or attend school full time; it does NOT reimburse you for dependent health care expenses.

Dependent care limit for Highly Compensated Employees (HCEs):
Due to IRS requirements, HCEs – employees making $135,000 or more in 2023 – will be limited to a $1,000 Dependent Care FSA contribution.