How to change contributions to FSA

If you're a CVS employee looking to adjust contributions to Flexible Spending Account, you'll find the process straightforward through the Colleague Zone portal. follow the steps and tips to help you manage your healthcare expenses effectively.

  • Step 1: Log In to Colleague Zone

    1. Start by visiting the Colleague Zone CVS Login.
    2. Input your login credentials, including your username and password.
    3. Click «Sign In» to gain access to your account.

  • Step 2: Navigate to the FSA Section

    1. Upon successfully logging in, locate the «Benefits» or «Pay & Taxes» section on the dashboard.
    2. Within the benefits section, you should find the «Flexible Spending Account (FSA)» option.

  • Step 3: Adjusting FSA Contributions

    1. Click on the «Flexible Spending Account (FSA)» option to access management page.
    2. On this page, you will see information regarding your current FSA contributions.
    3. To make changes, select the «Change Contribution» or «Modify Allocation» option.
    4. Follow the on-screen prompts to specify your desired new contribution amount or percentage.
    5. Carefully review your changes and confirm when prompted.

  • Step 4: Confirmation

    1. Once you've confirmed your updated FSA contribution, you'll receive a confirmation message on the Colleague Zone portal.
    2. Take a moment to ensure that your changes accurately reflect your intended adjustments.

  • Step 5: Record Keeping

    1. It's advisable to maintain a record of any modifications made to your FSA.
    2. Note the date of the change and the newly selected contribution amount for future reference.

Note: Changes to your FSA contributions can impact your take-home pay and tax obligations, so it's crucial to plan accordingly.

Modifying your FSA contributions within the Colleague Zone CVS portal is a straightforward process, allowing you to take control of your healthcare-related expenses. By following these outlined steps and keeping a record of your changes, you can ensure that your FSA aligns with your financial needs and objectives. Should you have any inquiries or require additional assistance, don't hesitate to reach out to your HR department for guidance.