Flexible Spending Accounts

Leidos offers eligible participants the opportunity to save money by paying for eligible healthcare and/or dependent care expenses on a pre-tax basis through the Healthcare Flexible Spending Account and the Dependent Care Flexible Spending Account. A participant may make contributions to one or both Flexible Spending Accounts, which can reduce his or her tax liability. Participation in a Flexible Spending Account program is voluntary. For more information, download the Flexible Spending Accounts document.

The Leidos Flexible Spending Accounts are administered by HSA Bank. Participants may log onto HSA Bank to submit verification, order additional healthcare debit cards, file a claim, check claim status or account balance information. 

Important Rules

• Must enroll annually — Participants must enroll during each Open Enrollment period in order to participate each calendar year.
• No double dipping — Healthcare expenses reimbursed through the Healthcare Flexible Spending Account and dependent care expenses reimbursed through the Dependent Care Flexible Spending Account cannot also be deducted on federal income tax returns.
• No transferring of funds — Transfers of funds from the Healthcare Flexible Spending Account to the Dependent Care Flexible Spending Account and vice versa are not permitted per the IRS.
• Use it or lose it — Estimate annual dependent (day) care expenses carefully! Any money put aside in a Flexible Spending Account must be used for eligible expenses incurred between January 1 and December 31 (or during the period of plan participation). The deadline to submit claims for the previous year's expenses is April 30th of the following year. Any funds left in the account after April 30th will be forfeited.
• Carry-Over Provision — IRS regulations specify that an employer may choose to provide a carry-over of unused Healthcare FSA funds to the next plan year. For the 2025 Plan Year, Leidos allows active participants to carry over up to $640 of unused funds into 2026 to be reimbursed for qualified medical expenses incurred in the following Plan Year. Any unused funds in excess of the carryover will be forfeited after the April 30th deadline to submit claims for the previous Plan Year.
• Credit Balance at End of Coverage Period — Claims received by the Plan Administrator on or after the earlier of (a) 90 days after termination of employment, or (b) April 30 following the end of the Plan Year for expenses incurred during the prior Plan Year, will be considered untimely and not eligible for reimbursement under the Plan. If any balance remains credited to the Participant’s Healthcare FSA after all reimbursements are made for that Plan Year, such balance in excess of $610 for 2024 or $640 for 2025 is not carried over to reimburse the Participant for Qualifying Medical Care Expenses incurred during the subsequent Plan Year, and is not available to the Participant in any other form or manner. Instead such balance remains the property of Leidos and the Participant forfeits all rights with respect to such balance.