FLEXIBLE SPENDING ACCOUNTS

 

The simple way to save for health and dependent care expenses is with the PayFlex, your Flexible Spending Account (FSA)

Health Care FSA

• You can contribute pretax dollars from your paycheck, up to the Internal Revenue Service (IRS) limit of $3,050.*
• Your full contribution is available at the start of the plan year to pay for eligible health care expenses. It covers you, your spouse and/or your tax dependents for:
  -Copays, coinsurance, and deductibles
  -Dental expenses like orthodontia, crowns, and bridges
  -Vision expenses like LASIK eye surgery, glasses, and contacts
  -Prescription drugs and over-the-counter (OTC) items**

Dependent Day Care FSA

• You can contribute pretax dollars from your paycheck, up to the IRS limit of $5,000.*
• Funds are for your dependent(s) age twelve or younger, or a spouse or dependent incapable of self-care.
• Pays for eligible child and adult care expenses, such as daycare, preschool and nursery school, in-home aid, and more.

Pay with ease
We’ll show you how simple it is to pay for your eligible expenses:

• Use the PayFlex Card®, your account debit card: When you use the PayFlex debit card (if offered), your expense is automatically paid from your FSA.
• Pay yourself back: Pay for eligible expenses with cash, a check or your personal credit card. Then submit a claim to pay yourself back.For speed, have your claims payment deposited directly into your checking or savings account.
• Pay your provider: Use PayFlex’s online feature (if offered) to pay your provider directly from your account

For additional information, view the member PDF flyer or visit PAYFLEX to get started.