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’ll 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 2021.
      • Eligible health care expenses include your medical plan deductible, copays and coinsurance, prescription drugs, dental care and more. (Over-the-counter medications and supplies do not qualify for reimbursement under our 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

With the Health Care FSA, you are able to carry over up to $500 of your unused funds to the next plan year. Anything over this amount must be forfeited, so it’s important to choose your annual contribution for 2021 carefully.

With the Dependent Care FSA, you can only be reimbursed up to the amount in your account at the time a dependent care claim is filed.

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).