What if you had more money in your pocket to help pay for health care expenses?
Now you can, with a flexible spending account sponsored by your employer and administered by PayFlex.
The health care flexible spending account or FSA allows you to contribute pre-tax dollars to pay for eligible health care expenses
such out-of-pocket expenses include medical, dental, prescription, hearing and vision expenses. You can also use your funds to pay for deductibles copays and coinsurance.
Here's how it works.
When enrolling in your benefits for the new plan year estimate the amount you’ll need to pay for eligible health care expenses.
Estimate your contributions carefully as unused funds do not roll over at the end the plan year and will be forfeited.
Based on your estimate make an annual pre-tax contribution election to your healthcare FSA, then throughout the year use your FSA to pay for eligible health care expenses for you, your spouse and any eligible dependents.
For added convenience your employer can choose to offer a PayFlex debit card, which allows you to access your FSA funds
and immediately to pay for eligible health care expenses at qualified merchants where MasterCard is accepted.
And you can access your account virtually anytime anywhere
through our dynamic website
or with our innovative PayFlex Mobile App that brings the website and all its functionality to your fingertips.
Take advantage of your company's health care FSA and start saving. This has been a brief summary of a healthcare FSA.
