CSC and CSR Flexible Spending Accounts (FSA)

A better way to manage health care and dependent care expenses.

How the FSA Works

You can visit the Aetna FSA Web site for information on Flexible Spending Accounts, including helpful calculators and tools. Here are the basics:

Flexible Spending Account features save time, eliminate paperwork.

1. Participate or not? Each year, you decide whether or not to enroll in one or both accounts.
2. Estimate expenses. Once you decide to participate, you estimate the amount of eligible health care and/or dependent day care expenses* you're likely to have in the coming year.
3. Set contribution. You then set the amount(s) you'll have deducted from your pay and credited to each account.
4. File claims. As you incur eligible expenses, you file claims to request reimbursement from your account(s). If you enroll in Direct Deposit, your reimbursements will be automatically deposited into your savings or checking account.
5. Use Aetna Navigator. You can use Aetna Navigator to keep track of claims and account balances.

*Making a good estimate is important because any unused funds left in your account(s) – if not reimbursable to you for eligible expenses incurred during your period of coverage – must be forfeited.

Participants save an average of 35%

Flexible Spending Accounts let you pay eligible expenses with money that hasn't been taxed (unless prohibited by statutory regulation). Depending on your tax bracket and where you live, this can mean savings of up to 20% to 50% that show up in your disposable income. So if you haven't participated in Flexible Spending Accounts before, now may be the time to start!

Find out how much you can save. Use Aetna's FSA Advisor at the Aetna FSA Web site and click on Savings Worksheet.