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 2023 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.
Healthcare FSA Carryover
You may now carryover up to $610 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 the 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.
Dependent Care FSA Grace Period
The Dependent Care FSA does not offer a rollover amount. However, it does have a 2 ½ month grace period. This means that Team Members will have until March 15, 2024 to incur eligible expenses and will have until March 31, 2024 to submit claims for reimbursement
Plan Documents and Additional Information:
Click the links below for more information from our FSA administrator
Need help navigating your benefit options?
For questions regarding Medical/Rx, Dental, Vision or FSA benefits:
Contact the Conner Strong & Buckelew Benefits Member Advocacy Center (Benefits MAC) to speak with a specially trained representative who can help you navigate your benefits. Call Monday through Friday, 8:30 am to 5:00 pm (Eastern Time) or submit a request online, anytime.
For questions regarding Retirement benefits, contact Fidelity:
Questions about your retirement benefits should be directed to Fidelity via the phone number or website below.