How Does an FSA Work? [Video]

Why is an FSA right for you?

Paying with pre-tax dollars is like getting an automatic discount on every eligible expense.

On average, employees with an FSA save $500 more each year than employees without an FSA.

Plus, it’s easy to use!

How does an FSA work?

First, you decide how much you want to contribute to your health care FSA and your dependent care FSA during open enrollment.

Your contributions will be deducted pre-tax from your paycheck and you can use your account funds to pay for eligible expenses.

With an FSA, you must use all your funds by the end of your plan’s expiration date, so be sure to think ahead. With so many eligible expenses, you’ll have tons of options for spending your funds before the deadline. And remember to save your receipts just in case you need them later on.

Managing your FSA

ConnectYourCare’s secure, interactive mobile application allows you to access your information on the go! You can view account information, enter a new claim, and even take a photo of your receipt with your mobile device and upload it directly to the system.

With the tax savings, convenient payment options, online account features, health tools, mobile technology, and expert customer service….

The Flexible Spending Account from ConnectYourCare is a better way to pay for health care.