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Flexible Spending Accounts (FSAs)

DXC offers two tax-advantaged FSAs: the Health Care FSA and Dependent Care FSA. Both FSAs are administered by Alight Smart-Choice Accounts. In addition to what is described below and throughout this site, there is also a Limited Purpose FSA. Find more information about the Limited Purpose FSA in the FAQs.

Health Care FSA

A Health Care FSA allows you to set aside dollars from your pay on a pre-tax basis to reimburse yourself for qualified medical, dental, and vision expenses. You may enroll in and use this FSA if you enroll in a Gold or Platinum medical option or waive health care coverage through DXC.

The Health Care FSA contribution limit is $2,750 for 2022. Unlike an HSA, once you enroll and set your annual contribution, you cannot change that amount during the year (except in the case of certain qualified life events).

With the Health Care FSA, the rollover for unused 2022 funds into 2023 may be limited, so it's important that you carefully estimate your anticipated eligible expenses for the coming year.

Wondering what the difference is between a Health Savings Account (HSA) and Health Care FSA? Find out.


Dependent Care FSA

A Dependent Care FSA may be used to reimburse yourself for qualified child and dependent care expenses. You may use this account without being enrolled in medical coverage.

The Dependent Care FSA contribution limit is $5,000 (or $2,500 if you are married and filing taxes separately) for 2022. Once you set your annual contribution when you enroll, you cannot change that amount during the year (except in the case of certain qualified life events).

And, with the Dependent Care FSA, you typically lose any unused money at the end of the year, so it's important that you carefully estimate your anticipated eligible expenses for the coming year.


Things to Consider

When deciding whether to enroll in FSAs, be sure to consider the following:

Tax savings
Do you have moderate to high health care or dependent care expenses? If so, an FSA could help reduce how much you pay in taxes.

Your expected expenses
Carefully estimate your anticipated eligible expenses for the coming year. You should only set aside FSA dollars you know you will be able to use on eligible expenses.


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