Services: Flexible Spending Accounts

Flexible Spending Accounts


A Flexible Spending Account allows participants to set aside pre-tax money in a designated account that can be used to pay for health care expenses that are not typically covered by insurance. Employees can select the amount to contribute for the plan year and have access to the entire contribution amount on plan effective date. The money is then deducted from each paycheck on a pre-tax basis lowering taxable income. It also can be used for employee, spouse and dependents, you can use the debit card to pay for eligible expenses such as:

  • Deductibles
  • Copays
  • Prescriptions
  • Other out-of-pocket medical expenses
  • Dental expenses
  • Vision expenses


A Health Savings Account allows participants to have a savings account with tax advantages that can be used in combination with a High Deductible Health Plan. The funds in the HSA account are accumulated in order to be used for eligible medical expenses by the account holder.

By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses, employees may be able to lower their overall health care costs.

All of the money in an HSA (including any contributions deposited by the employer) is owned by the employee even if they leave their job, lose their qualifying coverage or retire. The money in an HSA never expires.