Flexible Spending Accounts (FSAs)

About Your FSAs

You have two health FSAs to choose from, depending on which DuPont Medical Plan option you elect during Annual Enrollment:

• If you enroll in either the Core or the Premium Saver Medical Plan option, you can contribute to the Limited Purpose FSA to help pay for eligible dental and vision expenses. This account can be paired with the Health Savings Account (HSA).
• If you enroll in the Traditional Copay PPO Medical Plan option, you can contribute to the Healthcare FSA to help pay for eligible medical, dental, and vision expenses. You can also contribute to the Healthcare FSA if you opt out of a DuPont Medical Plan and are not enrolled in another high-deductible health plan through DuPont or through your spouse’s or domestic partner’s medical coverage.

In addition to the Limited Purpose and Healthcare FSAs, you may also be eligible for the Dependent Daycare FSA. This account can be used to pay for eligible child care and elder care expenses. Learn more about the Dependent Daycare FSA.

Deadlines for Submitting Claims

It’s important to note that funds in your FSAs do not roll over from year to year. These accounts are “use it or lose it,” which means your balance must be used toward eligible expenses incurred between January 1 and December 31. You have until the following April 15 to submit claims for reimbursement, after which your remaining balance will be forfeited.

Understanding the Differences

To make the most out of your FSAs, it’s important to understand their similarities and differences.

How to Get Started

To get started with your FSAs, you must actively enroll and elect your contribution amounts on DuPont Connection each year during Annual Enrollment.

Once you enroll, Bank of America will automatically open your HSA for you at the start of the plan year. You’ll receive a welcome letter and a debit card in the mail from Bank of America, and they will contact you directly if they require any additional information to open your account.

Note: If you also have an HSA, it will be linked to your debit card, and qualified out-of-pocket dental and vision expenses will be deducted first from your Limited Purpose Healthcare FSA, then from your HSA.

Resources

FSA User’s Guide