Flexible Spending Accounts
There are two types of Flexible Spending Accounts or FSAs available to you. The dependent care account allows you to pay for certain child and dependent care expenses use before tax dollars. The healthcare spending account enables you to pay eligible out-of-pocket health care expenses with before-tax dollars saving you 30% or more because you are not paying taxes on this money.
As out-of-pocket costs for health care grow, FSAs become a more important money-saving tool for everyone. Most medical, dental and vision care expenses you pay like deductibles and prescription co-payments can be paid using your FSA. Participants in the FSAs receive a debit card, so that many expenses can be paid without the need to file a claim.
Remember that with the Debit Card, receipts will almost ALWAYS be required to substantiate the charges. So keep them in a safe place and send them in promptly.
Log into your FSA account, check your balance and submit claims
Your user name is the first initial of your first name, full last name and last four of your social. Your initial password is your full social (you will be prompted to change this upon initial login). Click here for a user guide.
Please remember that the above explanation is just a summary. The official insurance company plan documents govern operation of this benefit. Click here to download the FSA plan document. (This will be provided soon)