Flexible Spending Accounts are an easy way to save money! By choosing to contribute to an FSA when electing your benefit plan, your deduction is automatically withheld from your paycheck and set aside for you to use for qualified medical or dependent care expenses. You’ll save money by using tax-free funds to pay your out-of-pocket medical, dental, vision and dependent care expenses. And, if you’re using our Health Care Spending card, it’s even easier. Just swipe your card at your doctor’s office or pharmacy for medical expenses. You can also purchase products through the FSA Store.
It’s that easy. Don’t forget to keep the receipt in case we need it later. We offer three different types of FSA accounts and a qualified transportation reimbursement account.
Health Care
This popular account can be used to pay for qualified medical expenses not paid by your insurance. Your co-payment, deductibles and coinsurance, as well as dental services, prescription drugs and vision services are all examples of qualified expenses.
Limited Purpose
With this account, your employees can be reimbursed for premiums paid for certain non-employer sponsored individual health policies.
Dependent Care
This account allows your employees to be reimbursed for expenses paid for the care of dependents so they can work. Eligible expenses include daycare centers, babysitters, caregivers and after-school programs. This applies to children under age 13, or those of any age who are physically or mentally impaired.
We’re on-the-go with you – connect with us on your tablet or your phone by downloading our Lifetime Benefit Solutions Health Spending App.
- Check current balance
- View account activity
- File new claims with receipt images
- Review expense information and enter a new expense
