Save pre-tax dollars for future eligible expenses.
Lennox’s Flexible Spending Account (FSA) options – through TaxSaver Plan – let you set aside pre-tax money to cover out-of-pocket health care and dependent care expenses.
2024 FSA-Eligible Spending & Claims Reimbursement
Please note, you can mail, fax, email or submit your 2024 Health Care FSA and/or Dependent Care FSA expense claims online by logging into your TaxSaver Plan account page. If you have any questions, please contact Customer Service at 1-800-328-4337.
To view FSA-eligible items, visit TaxSaverPlan.com and click on Resources > Frequently Asked Question > Resources > List of Eligible Expenses.
Eligibility
Benefit Features
What Are My FSA Options?
You can elect to participate in one or both FSA options:Health Care FSA:
- Helps pay for eligible medical, dental, vision, and over-the-counter expenses for you or a dependent.
- You can also use the Health Care FSA rollover maximum to “pre-fund” your annual deductible and out-of-pocket maximum for the next plan year as funds are available on January 1.
- Helps pay for eligible expenses associated with childcare, preschool, after-school care, eldercare, and day camps for children under age 13, a dependent (over age 26) who is physically or mentally incapable of self-care, or an elder qualifying adult who lives with you.
- These funds are “use it or lose it” and do not rollover to the next plan year.
When Can I Open An FSA?
If you would like to participate, you must actively elect one or both FSAs each year during annual Open Enrollment or within 31 days of a qualifying life event.The pre-tax contribution amount you elect is deducted from your paycheck before taxes each pay period.
| Health Care FSA | Dependent Care FSA | |
|
How Much Pre-Tax Money Can I Contribute? |
2024
$250 minimum $3,200 maximum |
2024
$250 minimum $5,000 maximum (or $2,500 maximum if married but filing taxes separately) |
| When Are My FSA Funds Available? | The money you elect to put aside will be available in full immediately beginning January 1 – you don’t have to wait for it to accrue to begin using your FSA. You can also submit receipts for reimbursement. | Expenses can only be reimbursed up to the amount you have elected to put aside in your account when you submit your claim. |
| How Can I Access My FSA Funds? |
You will receive a debit card in the mail that can be used to pay for eligible expenses at the doctor’s office or the pharmacy. NOTE: If you use your FSA debit card to pay for a covered health care service that isn’t submitted through one of Lennox’s benefit plans, you will need to provide a copy of the itemized receipt for the debit card transaction to be substantiated and approved. | For reimbursement, you must keep receipts of eligible expenses and submit your claims online. NOTE: Keep your receipts and submit them with your claim for reimbursement. |
| What Are The IRS-Approved FSA Expenses? |
IRS-qualifying medical, prescription, dental, vision, and over-the-counter expenses include:
|
IRS-qualifying dependent care expenses include:
|
| What Is The Deadline For FSA Expenses? | You can incur eligible expenses through December 31 of the current plan year. You must submit expenses by March 31 of the following year. NOTE: Up to $640 of unused Health Care FSA funds can be rolled over to the next year. | You can incur eligible expenses through December 31 of the current plan year. You must submit expenses by March 31 of the following year. NOTE: Dependent Care FSA funds are “use it or lose” and cannot be rolled over. |
Keep in Mind
If you have elected to participate, visit TaxSaverPlan.com to open your FSA member account, check funds, track debit transactions, and submit online claims for reimbursement.
Get the App
Additional Information
Video
How to Maximize the Benefits of Your FSA Dollars