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Reimbursement Accounts

Pfizer offers four tax-advantaged reimbursement accounts (administered by HealthEquity), which means the money in your accounts is exempt from federal income tax, FICA (Social Security and Medicare) tax, and, in most cases, state income tax — both when you contribute to an account and when you take money out for eligible expenses.

  • For eligible dependent care expenses, Pfizer offers the Dependent Care Account (DCA).
  • For eligible health care expenses, Pfizer offers the General and Limited Purpose Health Care Accounts, and the Health Savings Account.

Dependent Care Account (DCA)

This account allows you to use before-tax dollars to pay for eligible childcare (for children 13 or under) and eligible elder care expenses you incur. Some important features:

  • For 2024, you can contribute up to $5,000.
  • Eligible expenses are those you pay to have care for dependents while you’re at work, such as day care, summer day camps, and nanny services.
  • The deadline for filing claims for eligible expenses you incur during the plan year is May 31 of the following plan year (e.g., deadline for claims incurred against your 2024 DCA is May 31, 2025).
  • This account is subject to the IRS “use it or lose it” rule, meaning funds remaining in your account after the claims deadline (e.g. May 31st of a given year) will be forfeited.

Health Care Accounts

These accounts allow you to use before-tax dollars to pay for eligible out-of-pocket health care expenses for yourself and your eligible tax dependents. Here are some key features.

General Purpose HCA
(GPHCA)
Limited Purpose HCA
(LPHCA)
Health Savings Account
(HSA)
Available if you’re in this medical option
Network Copay/
Traditional Coinsurance
HSA Copay
HSA Copay
You can use this account for:
Eligible medical, prescription, dental, and vision expenses
Eligible dental and vision expenses, and eligible medical and prescription expenses after meeting your deductible
Eligible medical, prescription, dental, and vision expenses
Offers a debit card to pay for eligible expenses
No, but eligible expenses incurred through your Pfizer medical (including prescription drug), dental, and/or vision coverage will be submitted automatically for reimbursement
No, but eligible expenses incurred through your Pfizer medical (including prescription drug), dental, and/or vision coverage will be submitted automatically for reimbursement
Yes
Includes a Contribution from Pfizer
No
No

Yes, if your annual base pay is less than $305,000

2024 Maximum Before-Tax Contribution
You can contribute up to $3,200
You can contribute up to $3,200
You and Pfizer (combined) can contribute up to $4,150 (individual coverage) or $8,300 (family coverage). If you're age 55 or older, you can contribute an additional $1,000.
You can carry over your balance from year to year
Up to the IRS limit; anything over the IRS limit is subject to the “use it or lose it” rule
Up to the IRS limit; anything over the IRS limit is subject to the “use it or lose it” rule
Your HSA will carry over from year to year — the money is portable, meaning it’s yours to keep even if you leave Pfizer.
You can change how much you contribute during the year, even if you don’t have a qualified status change
No
No
Yes, changes to your contribution rate may be made through November 1 for a given calendar year and are effective prospectively.
Claims submission deadline:
The deadline for filing claims for eligible expenses you incur during the plan year (Jan. 1st to Dec. 31st) is March 31, 2025.
The deadline for filing claims for eligible expenses you incur during the plan year (Jan. 1st to Dec. 31st) is March 31, 2025.
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