Health care and dependent care expenses can add up quickly. With a Flexible Spending Account (FSA), you can set aside pre-tax dollars to lower your taxable income for the year and save money on eligible expenses.
You can enroll as a new hire, during Annual Enrollment, or within 30 days of a qualified life event such as marriage or the birth of a child.
Primo Brands offers a Health Care FSA, Limited Purpose FSA (for HSA participants) and a Dependent Care FSA. You must enroll each year to participate, and you can enroll in one, both, or neither.
The amount you elect to contribute is split evenly across pay periods for the year and deducted from each paycheck before taxes.
Use your FSA funds to pay for eligible expenses tax-free.
A Health Care FSA and an HSA are similar in that they both let you pay for health care expenses with tax-free dollars. But there are some important differences. See the HSA page for HSA details and see the Enrollment Guide for a comparison between HSAs and FSAs.
* FSA funds cannot be used for expenses for domestic partners and/or other dependents who do not qualify as tax dependents.
** If you’re considered a highly compensated employee, your Dependent Care FSA contribution may be adjusted or taxed to meet IRS rules. You’ll be notified midyear if this applies to you.
