Flexible Spending Accounts (FSA)

Flexible Spending Accounts (FSA) reduces your taxable income by allowing you to set aside pre-tax dollars to use toward eligible health care and dependent day care expenses throughout the year. BJC offers you two flexible spending accounts, both administered by Discovery Benefits.

Health Care FSA

  • Reimbursement of eligible health care expenses for you and your dependents
  • Set aside up to $2,600 each year
  • Qualified expenses include medical, dental, vision, hearing and other costs, such as copayments and deductibles; some over-the-counter drugs and supplies are eligible
  • Carry over up to $500 of unused funds to the next year (with year-end balance of $50 or more)
  • Use the convenient Discovery FSA Card, a debit-like card, to pay for eligible expenses

Dependent Care FSA

  • Reimbursement of eligible day care expenses for children under 13 
  • Reimbursement for eligible elder care expenses 
  • To receive reimbursement, you must be working; if you are married, your spouse must either be working, looking for work, be a full-time student, or be incapable of self care
  • Set aside up to $5,000 each year (combined household limit)
  • Qualified expenses include before-and-after school programs, nursery or preschool, summer day camp, and adult care
  • No carry over; “use it or lose it” rule applies
  • Use the convenient Discovery FSA card, a debit-like card, to pay for eligible dependent day care expenses

Both Health Care and Dependent Care FSA

  • Submit claims via web, fax or U.S. mail
  • Direct deposit -- claims reimbursed within 72 hours
  • Mobile app for smartphones -- access your account wherever you go
  • You do not have to be a member of a BJC medical, dental or vision plan to enroll in a Flexible Spending Account

For a complete list of eligible expenses, go to the Discovery website.

Discovery FSA Card

The Discovery FSA Card is similar to a debit card since it electronically accesses your Health Care and Dependent Day Care FSA account when used to pay for eligible expenses. It’s a convenient way to pay for health care and dependent day care purchases.

Have questions about FSAs or the Discovery FSA Card? Call toll-free 866.451.3399, 6 a.m.-9 p.m. (CST) Monday-Friday or email customer service.


FAQ

 

A. An FSA reduces your taxable income by allowing you to set aside a portion of your pay, before taxes, to pay for qualified health care or dependent day care expenses throughout the year. This pretax deduction lowers your taxable income, reducing the amount of tax you owe on your bi-weekly paycheck. FSA participants also receive a FSA debit-like card that provides a convenient way to pay for prescription drugs, and medical and dental office visits.


 

A. Certain qualifying events allow you to either increase or decrease your FSA election or begin/cease participation in the FSA program.  Common qualifying events include marriage, divorce, birth, death or change in the cost of dependent day care.  


 

A. No. All you have to do is estimate the amount you and your dependents will spend for eligible out-of-pocket health care and/or dependent day care expenses during the year, and enroll.   


 

A. First, you need to know the IRS limits on what you can contribute annually to a health care ($2,550) and dependent day care ($5,000) FSA. Next, it’s good to know eligible and ineligible FSA expenses (go to the Discovery Benefits website and select "Eligible Expense List”). If you are a BJC medical plan participant, go to the Cigna website and look at your “Explanation of Benefits” to determine the total amount of out-of-pocket expenses you incurred last year (and so far this year). Based on what you spent in the past, estimate what you might spend out-of-pocket on eligible health care and dependent day care expenses in 2017. For example, how much did you spend last year on medical and prescription drug copayments and deductions?  Do you plan to have laser eye surgery next year? Purchase hearing aids or reading glasses? Enroll a child in nursery or preschool? Taking past and future expenses into account should help you to determine your FSA contributions for 2017.


 

A. You can roll over $50 to $500 of unused health care FSA funds to the following year.  This roll over feature does not apply to dependent day care FSAs.    


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