Flexible Spending Accounts (FSA)
Health Equity and WageWorks have joined together to help working families connect health and wealth
Cooper offers eligible employees the following Flexible Spending Accounts (FSA) options, administered by Health Equity and RideECOSelect. These accounts allow you to set aside pre-tax dollars to pay for eligible healthcare, dependent care and parking/transit expenses. You can contribute up to the maximum amount allowed by the IRS - for more information, see the 2022 Benefits Guide.
Healthcare FSA funds can be used to pay for out-of-pocket healthcare expenses incurred by you and your dependents. Eligible expenses include office visit copays, non-cosmetic dental procedures, prescription drugs, eyewear, LASIK eye surgery and more.
New for 2022! Healthcare FSA Carryover
You may now carryover up to $550 of unused Healthcare FSA funds to the following plan year.
Dependent Care FSA (DCFSA)
The Dependent Care FSA is used for expenses related to the care of eligible dependents. Eligible expenses include Au Pair, baby-sitting or dependent care to allow you to work or actively seek employment, day camps, preschool or after school programs, and adult/eldercare for adult dependents.
The maximum that you can contribute to them Dependent Care FSA is $5,000 if you are a single employee or married filing jointly. If you are a married employee filing separately the maximum you can contribute is $2,500.
New for 2022! Dependent Care FSA Grace Period
If you do not exhaust the funds in your DCFSA before the end of the plan year, will have a grace period until March 15, 2023 to incur eligible dependent care expenses.
The Commuter benefit through RideECOSelect, allows you to set aside up to $270 per month (on a pre-tax basis) that can be used for either qualified parking or transit to commute to and from work such as: mass transit, train, subway, and ferry rides. Funds cannot be transferred between the transit and parking accounts. Changes to your monthly contribution must be made by the 1st of the month prior to the month in which the contribution applies. The last payroll deduction of the month pertains to the pass for that current month. You'll receive a debit card that can be used to pay for qualified transit and parking expenses.
The Commuter benefits account does not have a use-it-or-lose-it provision.
Need help navigating your benefit options?
For questions regarding Medical/Rx, Dental, Vision or FSA benefits:
Contact the Conner Strong & Buckelew Member Advocacy Team any time. During Open Enrollment, you can also schedule a 15-minute one-on-one virtual meeting with an experienced Open Enrollment Educator. Meetings are available between now and November 12.
For questions regarding Retirement benefits, contact Fidelity:
Questions about your retirement benefits should be directed to Fidelity via the phone number or website below. Cooper employees may also speak with a Fidelity representative, one-on-one, via the "LIVE SESSIONS" being offered during Open Enrollment.
Ready to enroll?
To get started with your enrollment, access Employee Self Service (ESS) by clicking the button below. Remember to have personal information on hand, such as Social Security numbers and birth dates of dependents. NOTE: You must be connected to Cooper's network to access the site.