Flexible Spending Accounts

A flexible spending account (FSA) is an account you set up with money you contribute from your paycheck before taxes are taken out. Then, when you have an eligible expense, you can pay for it out of your account. So you save on taxes when you contribute to an FSA.

You can choose from two types of FSAs, or decide not to contribute to an FSA:

  • Health Care FSA:* Contribute up to $3,200.
  • Dependent (Day) Care FSA:* Contribute up to $5,000 per household (or $3,000 if you are considered a Highly Compensated Employee).

* Benefit Bucks applied toward your Health Care FSA (including Limited Use Health Care FSA) and/or Dependent (Day) Care FSA will apply toward your maximum contribution limit.

IMPORTANT: Estimate your expenses carefully because you lose any money in your account you haven’t spent on eligible expenses by December 31, 2025. However, you have until March 31, 2026 to submit your 2025 claims for reimbursement.
Health Care FSA

Use your pre-tax health care FSA for eligible expenses — such as health-related expenses not covered by your medical, dental or vision plan — for you and your eligible dependents. You cannot use funds in your Health Care FSA to reimburse yourself for dependent day care expenses, or vice versa.

While you contribute to the health care FSA each pay period, your full annual health care FSA contribution is available to you at the start of the year.

Limited Use FSA and the CDHP

If you are enrolled in a Schneider Electric CHDP option, your health care FSA is considered a “Limited Use” Health Care FSA, and you can only use it on certain expenses, such as dental and vision care. You can only use it on eligible medical expenses after you meet your annual medical deductible.

Getting reimbursed

There are two ways to access the money in your Health Care FSA:

  • You may use a debit card issued by either PayFlex or Inspira Financial (formerly PayFlex) to pay for your eligible health care expenses from your account at the time you have the expense.
  • You can also pay for the expense out of your pocket and then file a claim for reimbursement from your account through inspirafinancial.com or the Inspira Mobile app.
Dependent (Day) Care FSA

You can use your Dependent (Day) Care FSA to pay using pre-tax dollars for the cost of child care (for children under the age of 13) or elder care that allow you and/or your spouse, if applicable, to work full time. You can also use this FSA if your spouse is a full-time student or incapable of self-care. You cannot use the account to pay for dependent health care expenses or expenses incurred solely for your personal enjoyment, convenience or ease.

IMPORTANT: When you file you federal income tax return, you will be required to provide the name, address and Social Security or tax identification number of the individual or organization providing dependent (day) care. If you cannot supply this information, you should not use the Dependent (Day) Care FSA to pay for these services.

Getting reimbursed

You pay your expenses as needed throughout the year, and then file claims for reimbursement through Inspira Financial (formerly PayFlex). Your contributions to the Dependent (Day) Care FSA are available for use as they are deposited from your paycheck throughout the year.

Comparing the HSA and FSAs1

Health Savings Account Health Care FSA4 Limited Use Health Care FSA4 Dependent (Day) Care FSA
Eligible expenses Health care expenses, including copayments, prescriptions, dental and vision expenses Health care expenses, including copayments, prescriptions, dental and vision expenses “Limited” health care expenses, such as dental and vision expenses; medical expenses only after you meet the deductible Day care services for your children and adult dependents
Company contribution
  • $700 employee only (if you contribute at least $100)
  • $1,400 family coverage tiers (if you contribute at least $200)
 No No No
Deadline for using the money None, balance carries over each year
  • You must incur expenses by December 31, 2025.
  • You must submit claims by March 31, 2026.
Maximum employee contribution amount2
  • $3,600 employee only3
  • $7,150 family coverage tiers3
 $3,200 $3,200 $5,0005
Applicable medical plans
  • Core CDHP
  • Buy-up CDHP
  • GeoBlue CDHP + Dental
  • Core PPO
  • No Coverage
  • GeoBlue PPO + Dental
  • No Coverage
  • Core CDHP
  • Buy-up CDHP
  • GeoBlue CDHP + Dental
 NA
  1. You must enroll or re-enroll in an HSA and/or FSA each year in order to participate.
  2. Any Benefit Bucks applied will apply toward this maximum.
  3. If you turn age 55 by December 31, 2025, you can contribute an additional $1,000.
  4. You do not need to be enrolled in a Schneider Electric medical, dental or vision plan to be enrolled in the Health Care FSA or Limited Use Health Care FSA.
  5. If you are married and file a separate income tax return, you may only contribute up to $2,500 a year. If you are married and file jointly, and your spouse’s employer offers a Dependent (Day) Care FSA, you can contribute a combined total of $5,000. Highly Compensated Employees (HCEs), as determined annually by the IRS, may be subject to a reduced Dependent Care (Day) FSA annual election amount.
What expenses are eligible?

Visit inspirafinancial.com or view the following documents for more details about eligible expenses and whose expenses are eligible:


Highlights of your financial resources