FSAs allow you to set aside pre-tax dollars to pay for eligible health and dependent care expenses.* Each year, you must elect the annual amount you want to contribute to your FSA(s). Your contributions will be deducted pre-tax from your paycheck, which can help reduce your taxable income. You may not make changes to FSA elections during the plan year unless you experience a qualifying life event.
Please note: The Limited Purpose FSA is available to Choice Fund PPO with HSA plan members only. HSA plan members are not eligible to participate in the Health Care FSA.
Learn more about your three FSA options.
*For a complete list of eligible expenses, review IRS Publication 969 and Publication 502.
If you participate in a Health Care FSA, you can set aside pre-tax dollars from your paycheck to be used for reimbursement of eligible health care expenses.* You may submit reimbursement claims for eligible expenses, such as medical, dental, and vision expenses, including deductibles, copays, and prescriptions, that you, your spouse, and your children incur during the plan year. When you incur an eligible expense, you can use your Discovery Benefits debit card and/or submit documentation for reimbursement.
Note: If you are enrolled in the HSA plan, you are not eligible to participate in the Health Care FSA.
The Limited Purpose FSA is available to HSA account holders only to set aside pre-tax funds for eligible dental and vision expenses* for you, your spouse, and your children.
The Dependent Care FSA lets you use pre-tax dollars to pay eligible daycare expenses for children age 12 and under, or elder dependents who are unable to care for themselves. Care can be provided through daycare, day camps, preschool, and caregivers for disabled dependents.