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Flexible Spending Accounts

CBU offers Flexible Spending Accounts through Igoe Administrative Services that allows you to pay for eligible expenses on a pre-tax basis. Read about the two types of FSAs below.

Healthcare FSA

Enrolling in a Healthcare FSA allows you to set aside up to $2,550 per year (per participant) tax-free, to help pay for the cost of non-reimbursable medical, dental, vision and other health-related expenses.

  • Medical and dental copays and deductibles
  • Prescription drugs
  • Vision exams, lenses, frames, laser eye surgery

Dependent Care FSA

Enrolling in a Dependent Care FSA allows you to set aside up to $5,000 per year (per household) tax-free, to help pay for the cost of qualified child and dependent care expenses.

  • Daycare and nursery schools
  • Before and after school care
  • Pre-school programs
  • Day-time summer camp
  • Elder care

What's covered under your Healthcare FSA

Learn what's covered and not covered under your Healthcare FSA.

Health Care Expenses Table »