Healthcare Flexible Spending Account (FSA)
Contribute up to $2,850 annually to pay for eligible healthcare expenses, including big-ticket items like orthodontia or more routine copays. Up to $570 of your unused funds will automatically roll over into your 2023 account. From 2023 to 2024, you can roll over up to $610 of unused funds.
Keep in mind, you don’t have to be enrolled in the Cox Medical Plan to participate; however, you can’t enroll in a Healthcare FSA if you are enrolled in the High Deductible Health Plan. You would instead use a Health Savings Account (HSA).
Your previous election does not carry over. You must enroll in the Healthcare FSA each year.