Health Flexible Spending Account (FSA)*
If you don’t contribute to an HSA, you can contribute pre-tax to a Health FSA and use the funds to pay for qualified medical, prescription drug, dental, and vision expenses. You don’t have to be enrolled in an Edward Jones medical plan. If you or your spouse do contribute to an HSA, consider the LPSFA discussed below.
You’ll receive a special Health Care Card that you can use like a debit card to pay for expenses directly from your account.
The 2025 contribution limit is $3,200:
- Expenses must be incurred by December 31, 2025, and submitted for reimbursement by March 31, 2026.
- FSAs are “use it or lose it” — IRS regulations require you to forfeit any money left in your account after the claims submission deadline.
Limited Purpose Flexible Spending Account (LPFSA)*
The LPFSA can be a good option for those who wish to contribute to an HSA. You can contribute pre-tax to the LPFSA and the funds can only be used for qualified vision and dental expenses. You’ll receive a special Health Care Card that you can use like a debit card to pay for dental and vision expenses directly from your account.
The 2025 contribution limit is $3,200:
- Expenses must be incurred by December 31, 2025, and submitted for reimbursement by March 31, 2026.
- FSAs are “use it or lose it” — IRS regulations require you to forfeit any money left in your account after the claims submission deadline.
Dependent Care Flexible Spending Account (DCRA)*
This account allows you to set aside pre-tax dollars to help pay for eligible care for your child or adult dependent so you and your spouse can work, or so you can work if your spouse is disabled or a full-time student. When deciding how much to put into your DCRA, think about regular day care, after-school care, and summer camps (does not include over-night camps) for children under age 13.
The 2025 contribution limit is $5,000:
- Expenses must be incurred by December 31, 2025, and submitted for reimbursement by March 31, 2026.
- FSAs are “use it or lose it” — IRS regulations require you forfeit any money left in your account after the claims submission deadline.
Review claim instructions and complete the Dependent Care FSA Claim Form for reimbursement.
Note: The IRS requires that DCRA expenses be employment-related, meaning they must be incurred to enable you and your spouse to be gainfully employed, or for you to be gainfully employed if your spouse is disabled or is a full-time student. Dependent care expenses are eligible for reimbursement from your DCRA if incurred during short, temporary absences from work of up to two consecutive calendar weeks. Dependent care expenses incurred during longer absences from work are generally not reimbursable.
Have your dependent care needs changed?
If you are enrolled in the DCRA, you may be eligible to change your annual election amount if you experienced a qualified life event, such as:
- Change of day care provider
- Change in the cost of day care (i.e., the day care has closed, and you now do not have care expenses)
- Need for care changes due to a job change or change of work hours
To initiate this change, please contact HRHELP@edwardjones.com.
*Tax considerations: IRS rules prohibit you from claiming reimbursement of an expense from this account and claiming the same expense as a deduction on your tax return.
Service partners, joint venture service partners, and principals: Under IRS regulations, service partners, joint venture service partners, and principals may not participate in the flexible spending accounts.
1 Financial advisor reference incorporates financial advisor, service partner, and joint venture service partner roles.
