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An FSA allows you to save money for out of pocket medical expenses by electing to have your annual contribution deducted from your paycheck each pay period, in equal installments before taxes are taken out. By establishing an account, you have dollars on hand when medical expenses that aren't covered by insurance arise.

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A Flexible Spending Account is a benefit provided by your employer that allows you to save for medical expenses not covered by insurance. Contributions are taken from your paycheck in equal installments each pay period and are made before taxes are calculated. The money in a Flexible Spending Account can be used for out of pocket expenses such as prescription copays, braces, laser eye surgery, laboratory fees and even dependent care.

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An FSA is a good idea, and here’s a feature that makes it even better – the Benny® Prepaid Benefits Card. The Card contains the value of your annual Health Care FSA election amount, so you can use Benny to pay for eligible out-of-pocket medical expenses such as:

  • Prescription and health plan copayments, deductibles and coinsurance
  • “Amount Due” on medical and dental statements
  • Orthodontics
  • Mail-order or online prescription invoices
  • Vision services and eyeglasses
  • LASIK surgery
  • Eligible over-the-counter (OTC) items*

Simply swipe your Card and the amount of your eligible expense will be
automatically deducted from your account. And, there are tens of thousands of merchant locations where you can use the Card for eligible out-of-pocket prescription and OTC expenses, and you will NOT have to provide a receipt to verify the purchase!

Already have an FSA? Perhaps now is the time to increase your contributions.

Already have a Card? Hang on to it and your new election amount will be
added.

An FSA is a valuable benefit – and the Card can make it even better. If you’re not currently participating in a Health Care FSA, now’s the time to enroll!

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Download marketing materials about the Prepaid Benefits Card and the benefits of having a Flexible Spending Account, online claim instructions, the hard copy claim form and a list of eligible and ineligible expenses.

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With an FSA, you elect to have your annual health care contribution deducted from your paycheck each pay period in equal installments throughout the year – before federal income, state income (in most cases) and Social Security taxes are taken out. So every dollar you put in your FSA is tax-free, spendable income.