Flexible spending accounts dental plan icon

Flexible Spending Accounts (FSAs) let you pay for eligible out-of-pocket health care and/or dependent care expenses with pretax dollars.

How it works

    1. To participate in an FSA, you must elect an annual amount to contribute to your FSA each year.
      • The annual maximum is $2,700 for a Health Care FSA, and the annual maximum for the Dependent Care FSA is $5,000 (unless you are married and file separate tax returns, and then the maximum is $2,500).
    2. Your annual contribution amount is divided into the number of paychecks you will receive.
      • Each pay period, your FSA contributions will be taken out of your paycheck on a pretax basis and deposited into your FSA account(s).
    3. You can then use the funds to pay for eligible expenses in 2022.
      • Eligible health care expenses include your medical plan deductible, copays and coinsurance, prescription drugs, dental care and more.
        NEW! Over-the-counter medications with or without a prescription and menstrual care products now qualify for reimbursement under the Health Care FSA.
      • Eligible dependent care expenses include child care for dependents under age 13 or care for adults who are physically or mentally disabled and live with you.

FSA tips

Keep these tips in mind as you consider your annual contribution for your FSAs. Due to COVID-19 legislation, rollover amounts and rules for 2022 are different than previous years.

Health Care FSA: You can  carry over any unused funds that remain in your account at the end of 2021 into 2022.  For planning purposes, you can carry over a maximum of $550 from 2022 into 2023.

Dependent Care FSA: You can carry over any unused funds that remain in your account at the end of 2021 into 2022. No funds will be carried over from 2022 into 2023. Reminder: You will not need a tax identification number (TIN#) displayed in statements for eligible expenses.

How Much Should You Contribute?

The Payflex interactive adviser can help you determine how to estimate your expenses and tax savings. Go to payflex.com/en/individuals.html to access the tool (Scroll Down to “Plan to Save.”)

Note: Since Payflex is not exclusive to ExxonMobil, refer to the ExxonMobil Pre-Tax Spending Plan Summary Plan Description for a list of covered expenses under the Health Care and Dependent Care FSA.

Questions?

      • Visit goto/HealthPlans under Pre-Tax Spending Plan and Flexible Spending Accounts.
      • To access Flexible Spending Account forms, visit exxonmobilfamily.com and look under “Forms.”
      • Visit goto/Aetna or Aetna.com and click “Access Your Account,” then “Contact Us,” or call 800-255-2386, Monday – Friday, 8 a.m.–6 p.m. CT (except certain holidays).