BackFlexible Spending Accounts
A Flexible Spending Account (FSA) is a benefit plan which allows employees the ability to set aside pre-tax
dollars to be used for out of pocket medical, dental and vision expenses.As an Employee what are the advantages to participating in a Flex Spending Account?
Pre-tax dollars are used to fund the accountSavings account for out of pocket medical, dental and vision expensesFlex Benefits Debit Card - funds available at the point of serviceSecure online account accessAs an Employee what are the benefits to using the Flex Benefits Debit Card?
Employee money more accessible - immediate access to FSA fundsEliminates out of pocket costs at the time of service - simply swipe card at point of saleCard provides electronic substantiation - reduces paper submissionsFull election amount available on first day of plan year - payroll deducted equally throughout the plan yearUseful Documents
