You can contribute between $240 and $3,200 a year on a before-tax basis to pay for eligible out-of-pocket healthcare expenses for you and your eligible tax dependents incurred during the plan year (January 1 – December 31).

The maximum before-tax contribution amounts shown here are legal limits for the calendar year 2024. The limits may change periodically subject to Internal Revenue Service (IRS) regulations.

To participate, you must actively enroll, either when you first become eligible, during Annual Benefits Enrollment each year, or after a Qualified Status Change (QSC).

Eligible expenses generally can include medical, dental and prescription drug copayments, deductibles, and coinsurance; over the counter drugs and menstrual products, eyeglasses; frames; contact lenses; and certain other eligible healthcare expenses that aren't reimbursed by insurance.

Insurance premiums are not considered eligible expenses.

You can be reimbursed for your eligible tax dependents' expenses, as well as your own expenses.

To be eligible, expenses must be incurred during the plan year (January 1 – December 31).

If your spouse has a Health Care Spending Account at JPMorganChase or at another employer, by law you cannot claim reimbursement for any expenses your spouse has claimed.

Your eligible tax dependents can include:

Documentation of dependent eligibility will be required during enrollment when adding a dependent for coverage.

The claim processing method varies by the type of expense, whether or not you are enrolled in the Medical Plan, and your Medical Reimbursement Account (MRA) payment method election under the Medical Plan, if applicable.

You can use the account's debit card to pay for eligible expenses, so you don't have to file claims to be reimbursed for those expenses. If you are enrolled in the Medical Plan, you may also elect the automatic payment method.

When submitting a claim or using the debit card to pay for eligible expenses incurred by a covered dependent, be sure to include the dependent's name.

You have until March 31 of the year following the plan year to submit eligible claims for reimbursement.

See "Managing Your Accounts and Receiving Reimbursements" for more information.

You can be reimbursed for the amount of your or your covered dependent's eligible expenses, up to your annual contribution amount (minus any previous reimbursements) at any time, whether or not that amount has been contributed year-to-date.

Internal Revenue Service rules provide that you can carry over to the following plan year $640 of any balance not used for eligible expenses.

There is a $25 minimum carry over amount for employees who do not contribute to the Health Care Spending Account for the following plan year and remaining balances are subject to forfeiture at the end of that year.

Any additional balance over the $640 carry over limit (or less than $25 for participants who are not currently contributing) will be forfeited, and may not be used for expenses incurred in the following plan year and remaining balances are subject to forfeiture at the end of that year.

If you elect to participate in the Health Care Spending Account, you will lose any balance exceeding $610 remaining in your account at the end of the plan year (December 31). You have until March 31 of the following plan year to submit eligible claims for reimbursement. If you do not choose to contribute to the HCSA in a given plan year, any balance you carried over from a prior year will be forfeited at the end of the year if you do not use it.

If you are enrolled in the JPMorgan Chase Medical Plan, funds in your Medical Reimbursement Account (MRA) will be used to pay for eligible medical and prescription drug expenses before your Health Care Spending Account funds are used.

You need to carefully consider the amount you plan to contribute to the Health Care Spending Account in order to avoid having to forfeit a balance that exceeds $640.

If you leave JPMorganChase before the end of the year, you can continue to be reimbursed for eligible expenses incurred up to the end of the month of your termination, as long as you submit the expenses by the applicable deadline (March 31 of the year after your termination) (Please see "Managing Your Accounts and Receiving Reimbursements" for more information.)

You can also elect through COBRA to continue contributing to your Health Care Spending Account on an after tax basis for eligible expenses incurred after your employment ends, but only until the end of the plan year in which you leave. Please see the Healthcare Participation section for more information on COBRA continuation coverage.

Aetna/Inspira and Cigna (depending on which carrier you elected for your Medical Plan coverage) are the claims administrators for the Health Care Spending Account for employees enrolled in the JPMorgan Chase Medical Plan.

Cigna is the claims administrator for the Health Care Spending Account for employees not enrolled in the JPMorgan Chase Medical Plan.