What is an FSA?

Your benefits package includes a Flexible Spending Account (FSA), which allows employees to set aside a specific pretax dollar amount for unreimbursed medical, dental, vision, orthodontia, and dependent care expenses. If you have predictable out-of-pocket expenses, you may want to consider enrolling in the FSA.

You have the option to join two separate FSA accounts:

(1) An Unreimbursed Medial Account* can be used for eligible medical, dental, and vision expenses. Examples include:

(a) Office visit co-pays
(b) Deductibles
(c) Prescription eyeglasses or contact lenses
(d) Dental cleanings
(e) Orthodontia

* For a list of common medical, dental, and health-related expenses typically considered to be qualifying expenses go to benefits.paychex.com.

(2) A Dependent Care Account can be used for custodial expenses for a claimed dependent. Examples include:

(a) Day care center or babysitter to allow you (and your spouse, if married) to work, actively look for work, or be a full-time student

(b) Custodial or elder care

How do I get reimbursed?

ELIGIBLE EXPENSES

Medical expenses are eligible for reimbursement provided that they are to diagnose, threat, or prevent an existing medical condition, and you have not been reimbursed for them through any other benefits plan. Some items may require a prescription, doctor's note, or additional certification from a medical provider to show expenses are eligible.

For a list o common medical, dental, and health-related expenses typically considered to be qualifying expenses, please go to www.benefits.payshex.com

FSA Debit Card

You can use an FSA debit card to access your funds and pay for FSA-eligible items and services at a point-of-sale terminal rather than paying out of pocket and submitting a claim form for reimbursement.

You can also use your FSA debit card at www.paychex.com/fsastore-employee to purchase FSA-eligible products.

Depending on the items purchased, you may still need to submit documentation to validate the expense as eligible under the plan.

Why should I participate in an FSA?

TAX SAVINGS: FSA deductions come out of your paycheck before most withholding taxes are computed, reducing your taxable income and INCREASING YOUR TAKE-HOME PAY!

BUDGETING: Regular payroll deductions help you budget medical, dental, vision, orthodontia, and dependent care expenses.

EASE AND CONVENIENCE: The Paychex Online Flexible Spending Account site is available 24 hours a day / 7 days a week, and you can contact Paychex Employee Services at (877)244-1771 Monday through Friday from 8:00 a.m. to 8:00 p.m. Eastern Time.

How do I know how much to contribute?

Use the Flexible Spending Account Calculator online:

FSA Calculator