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Tax-Advantaged Accounts

Discover the tax-advantaged accounts that can help you save money and pay for qualified health expenses with pre-tax money. 

Your eligibility to participate in these accounts will depend on the medical plan in which you choose to enroll. Review eligibility information below. When you enroll, you can set monthly contributions to your accounts, up to the IRS annual limit. You will receive a debit card that is linked to the account funds. Simply use the card to pay for qualified health expenses. All accounts are administered by Benefit Resource Inc. (BRI). 

Health Savings Account (HSA)

This account is only available to those enrolled in the Cigna HSA. You may use funds to pay for qualified health expenses. Unused funds roll over from year to year even if you change coverage, retire, etc. Additionally, FLYR will contribute each month to your HSA. 

General
Health Care FSA

This account is available to those enrolled in the Cigna Base or Buy Up PPO or Kaiser plans and those who waived medical coverage. You may use funds to pay for qualified health expenses that are not covered by your health plan such as copays, prescription drug costs, etc.. A limited amount of unused funds can be carried over to the 2025 plan year.

Limited
Health Care FSA

This account is only available to those who are enrolled in an HSA plan through FLYR or a spouse or domestic partner. Funds can only be used for dental, orthodontia, and vision expenses. A limited amount of unused funds can be carried over to the 2025 plan year.

Dependent Care FSA

This account is available to all employees. You may use funds to pay for qualified child and elder care expenses. (Note that you should contribute to a Health Care FSA for health expenses for eligible dependents. Funds are use-it-or-lose-it; they cannot be rolled over from year to year.)

Commuter benefits

This account is available to all employees. You may use funds to pay for eligible parking & transit expenses. Funds roll over from month to month.

Your account with Benefit Resource

If you participate in an HSA, Health Care or Limited FSA...

Once your account has been created, look for your welcome kit and debit card. Your welcome kit will include important information about accessing your account. When logging on to BRI for the first time, you will be required to register a Custom Login ID. Select the blue “Register an Account” link, then follow the instructions provided. You will need the following pieces of information to register:

  • Enter the Company code: flyrlabs

  • Enter your personal information (first name, last name, date of birth, home zip code) 

 

If you participate in the Dependent Care FSA...

Participants do not receive a debit card, you will need to pay out-of-pocket, then log into the BRI portal to submit the reimbursement. Follow the instructions above to create an account with BRI.

HSA

Health Savings Account 

If you enroll in the Cigna HSA, Benefit Resource will set up your HSA with their bank partner, UMB. Once your account has been created, look for your welcome kit and debit card from UMB. At the time of enrollment, you will select your HSA contribution for the year. You can change your HSA contribution amount at any time during the year online through Benefit Resource

If you have an HSA with a previous employer, you may roll over your balance into your FLYR HSA account. If you do not, you may be responsible for an administrator fee with your previous HSA administrator to keep that account open. Follow the instructions on the HSA transfer form.

Health Savings Account (HSA)

  • Must be enrolled in the Cigna HSA plan 

  • Cannot be covered by any other health plan (e.g, spouse’s plan) that is not an HDHP plan (as defined by the IRS) 

  • Cannot be enrolled in, or receive reimbursement from, a Health Care FSA (Limited Health Care FSA for reimbursement of eligible dental and/or vision expenses only is okay) 

  • Cannot be claimed as a dependent on someone else’s tax return 

  • Cannot be covered by Medicare or TRICARE

2024 IRS Limit (please be aware the FLYR contributions count toward the annual limit) 

  • $4,150 employee only 

  • $8,300 employee + family 

  • $1,000 in additional catch up contributions if age 55+

  • Health related costs (medical, dental, orthodontia, and vision expenses) 

  • Prescription medication expenses 

  • Over-the-counter drugs and medicines without a prescription such as pain relief, allergy products, and cold and flu medicine

You own your HSA. It is completely portable and rolls over from year to year. Even if you change medical plans or leave FLYR, the account stays with you. 

 

Your account will earn interest, like a savings account, and you can invest it in the market when your balance is over $1,000 (and all of the earnings are tax-free).

HSA contribution changes can be year-round, log on to www.benefits.plansource.com and select "Qualifying Life Event." Click here to view step-by-step instructions on adjusting your contributions.

Eligibility

Employer contribution

What expenses are allowed

What happens to unused account funds at the end of the year 

How do I make changes to my contributions?

FLYR will contribute the following: 

  • $50/month for employee only coverage 

  • $100/month for family coverage

Where can I get more information?

Maximum contribution amount

FSA

Flexible Spending Accounts 

Flexible Spending Accounts (FSAs) allow you to fund an account with pre-tax dollars from your paycheck to pay for eligible health care and/or dependent care expenses. If you enroll in the Cigna HSA or are enrolled in an HDHP through your spouse or domestic partner, you are not eligible to participate in the Health Care FSA; however, you may participate in a Limited FSA (which may be used for eligible dental and vision expenses only). 

You must enroll in your FSA every year to participate. 

Health Care FSA

Limited Health Care FSA

Dependent Care FSA*

Eligibility

Any employee not enrolled in the Cigna HSA plan.

Maximum contribution amount

What expenses are allowed

  • Health related costs (medical, dental, orthodontia, and vision expenses) 

  • Prescription medication expenses 

  • Over-the-counter drugs and medicines without a prescription such as pain relief, allergy products, and cold and flu medicine. 

  • Click here for a complete list of eligible expenses

What happens to unused account funds at the end of the year

Any employee enrolled in the Cigna HSA plan.

Any working parent with child or elder care expenses. For married couples, both parents must be employed. 

Up to $3,200 per employee for 2024. 

Up to $3,200 per employee for 2024. 

Up to $5,000 per household ($2,500 if married filing separately).

  • Dental, orthodontia, and vision expenses 

  • Click here for a complete list of eligible expenses

  • Dependents 12 and under or physically disabled dependents 

  • Work day childcare services 

  • Cost of care at a licensed daycare 

  • Before or after-school care 

  • Click here for a complete list of eligible expenses

If you have a balance at the end of the 2024 plan year, up to $640 will be rolled over to your account for the 2024 plan year. Any unused funds exceeding $640 will be forfeited, as mandated by IRS regulations. 

 

Note: You have until March 31, 2025 to submit claims for the 2024 plan year.

If you have a balance at the end of the 2024 plan year, up to $640 will be rolled over to your account for the 2025 plan year. Any unused funds exceeding $640 will be forfeited, as mandated by IRS regulations. 

 

Note: You have until March 31, 2025 to submit claims for the 2024 plan year.

Any funds remaining in your Dependent Care FSA at the end of the 2024 year will be forfeited. This is a mandated provision known as the “use-it-or-lose-it” rule.

 

Note: You have until March 31, 2025 to submit claims for the 2024 plan year.

How do I make changes to my contributions?

You can make changes to your participation and/or contribution amount only during the open enrollment period or with a qualifying event. Make sure you budget and plan ahead according to your projected health and dependent care needs.

* Please note: The IRS limits the amount that highly compensated employees (HCEs) can contribute to a dependent care FSA each year. FLYR routinely performs non-discrimination testing per IRS compliance regulations. Note that FLYR may contact you if adjustments are required to your dependent care FSA contributions.

Commuter

Commuter benefits

Commuter benefits are a way to pay for eligible parking and commuter expenses (while you are employed) before taxes. Your money is deducted from each paycheck pre-tax (before Federal, most State, and FICA taxes). You can change participation and your contribution amount at any time throughout the plan year. Once your account has been created, Benefit Resource will mail you a welcome kit and debit card. 

Transportation

Parking

Eligibility

All active, full-time FLYR employees may participate 

Maximum contribution amount

Up to $315 per month 

What expenses are allowed

  • Mass transit fares

  • Monthly bus passes

  • Vanpooling fees

What expenses are not allowed

What happens to unused account funds at the end of the year 

Your funds will continue to roll over from month to month. 


However, if your employment terminates before the end of the plan year, your commuter balance will be forfeited.

How do I make changes to my contributions?

Commuter benefit contribution changes can be year-round, log on to www.benefits.plansource.com and select "Qualifying Life Event." Click here to view step-by-step instructions on adjusting your contributions. 

Up to $315 per month 

  • Parking at or near your work location

  • Parking at a location from which you participate in a carpool or board mass transit

  • Taxi fares

  • Bridge tolls

  • Cost of auto maintenance

  • Parking costs at home

  • Parking when not commuting to or from work location

Where can I get more information?

Visit Benefit Resource to learn more about commuter benefits. 

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