Flexible Spending Accounts

Provide your employees with a more personalized approach to their benefits.

Flexible Spending Accounts (FSA)

A Flexible Spending Account (FSA) allows employees to save money on a pre-tax basis specifically designated for health care. We support multiple FSA options:

  • General FSA covers IRS-approved expenses
  • Limited Purpose FSA usually covers vision and dental expenses only and is usually paired with a Health Savings Account (HSA)
  • Dependent Care FSA covers employees' dependent care expenses while they work

We can easily pair an FSA with a Health Reimbursement Arrangement (HRA) and a Health Savings Account (HSA) for additional account flexibility and added opportunities for additional tax savings. Your employees can then determine their contribution approach to personalize the benefits to their particular needs.

How does multi-pursing or stacking work?

We provide the ability to stack multiple accounts on a single debit card. What does this mean? If a member elects an HSA or HRA, employers can also offer an FSA alongside. Our debit card, claims processing engine and website recognize the accounts in which a member is enrolled. We then dynamically present each account type on the website, program our claims rules process to recognize each account and program our debit card to allow for multiple accounts. So, for example, when a member goes to the dentist and they have an HSA and a limited purpose FSA, the debit card and the claims engine will intelligently route dental claims to the limited purpose FSA first and the HSA second.

FSA Features

  • Flexible design engine, with Limited Purpose FSA availability
  • Quick and easy online claims submission for payments and reimbursements
  • Access to historical FSA information
  • Intelligent multi-purse BenefitWallet Visa debit card
  • Online employer reporting
  • Specialized communication materials
  • Mobile app features including:
    • View account balances and transaction history
    • View account alerts and claim details
    • Submit a new claim
    • Upload photo images of claim documentation
    • View a smart list of only claims that require your action

To learn more about our Flexible Spending Accounts, please contact us.