Flexible Spending Accounts (FSA)

Flexible Benefits Admin 2

The City of Portsmouth's new provider for Flexible Spending Accounts (FSA) is Flexible Benefit Administrators (FBA), with  24/7 secure employee online account access and learning tools. Flexible Benefit Administrators makes it is easier for employees to access great customer service and use their benefits. Enroll in a flexible spending account and start saving money on eligible healthcare and/or dependent care expenses. Both plans are deducted on a pre-tax basis from your paycheck.   
 

Health Care Plan

The Health Care plan covers qualified out of pocket health are expenses. A healthcare FSA allows you to pay many healthcare expenses in a tax advantaged method. This can be used to pay for eligible expenses for you, your spouse and/or your tax dependents. You also may be reimbursed for medical, dental, or vision care expenses that are not covered under your insurance plan, such as: 

·         Copayments

·         Coinsurance

·         Deductibles 

Health care reimbursement covers qualified out-of-pocket health care expenses:

·         $ 2,500 maximum annual contribution

·         You will receive a debit card to  use for these qualified expenses

Dependent Care Plan 
You can then use the FSA to pay for eligible out-of-pocket dependent care expenses for:

·         Child and adult day care

·         Summer day camps

·         Preschool

·         Before and after school care

Dependent care reimbursement covers day care and elder care expenses:

·         $5,000 maximum annual contribution

·         Claims cannot exceed plan-to-date deductions

For information on FSA, please download  Flexible Benefit Administrators Summary, Benefits Care Flyer, and the Web Access Flyer. To learn about what expenses are eligible with FSA read the Eligible Expense List. For more information on FSA, please watch the Flexible Benefit Administrators presentation.