Health Care Fund
The Health Care Fund Flexible Spending Account can be used for many out-of-pocket medical, prescription drug, dental, and vision expenses for you and your eligible family members. These include:
- deductibles and coinsurance for medical, prescription drug, dental, and vision services
- expenses not covered under Alcoa's or any other benefit plan
- eyeglasses and contact lenses not paid through Alcoa's vision plan
- certain over-the-counter drugs
Click here for a complete list of eligible expenses.
You can contribute between $100 and $2,500 annually to this fund. Note: The maximum contribution is $2,500 per IRS rules. You must use the money deposited in your account for expenses during the calendar year.
The Health Care Fund is completely separate from the HRA and HSA medical options.
Note: If you enroll in the HSA medical option, you also can open a Limited Flexible Spending Account for dental and vision expenses.