Pre-Tax Accounts

We offer several options to help you save money on taxes and pay for qualifying health and dependent care expenses. Read on to see which option is right for you.

Healthcare Flexible Spending Account (FSA)

Contribute up to $2,750 annually to pay for eligible healthcare expenses, including big-ticket items like braces or more routine copays. For this year only, all unused funds from 2021 will automatically roll over into your 2022 account.

Keep in mind, you don’t have to be enrolled in the Cox Medical Plan to participate; however, you are not able to enroll in a Healthcare FSA if you are enrolled in the High-Deductible Health Plan. You would instead use a Health Savings Account.

Your previous election does not carry over. You must enroll in the (Healthcare and/or Dependent Care) FSA each year.

Healthcare Flexible Spending Account (FSA)
Dependent Care FSA

Dependent Care FSA

Contribute up to $5,000 annually to pay for before or after-school care, day care or other qualified expenses for children under age 13. You can even use it for costs associated with caring for an elderly parent. This year only, your full unused 2021 balance will automatically roll over into your 2022 account.

Your previous election does not carry over. You must enroll in the (Healthcare and/or Dependent Care) FSA each year.

Health Savings Account (HSA)

An HSA is your tax-saving companion to the High-Deductible Health Plan. Cox contributes to your HSA to get you started, and after you open your account you can set aside up to $7,300 to pay for qualifying medical expenses. You must enroll in an HSA each year to get the Cox contribution, so don’t leave it behind. Your HSA balance automatically rolls over.

Health Savings Account (HSA)

REMEMBER, YOUR FSA AND HSA ELECTIONS DON’T RENEW AUTOMATICALLY FROM YEAR TO YEAR. YOU MUST MAKE YOUR 2022 ELECTIONS BETWEEN NOV. 8-19. Unless you have a qualifying life event, you can’t change your FSA contribution levels throughout the year. (You can change your HSA election anytime.) Wondering what qualifies as a life event? Employees can visit InSideCox.com to learn more or access ALEX to help you make the best decision for you and your family.