Health Care Reimbursement Account Highlights

Find out how a Health Care Reimbursement Account works and what types of expenses are eligible.

• The Health Care Account helps you save money on your out-of-pocket health care expenses.
• The Health Care Account is exempt from federal income taxes, Social Security (FICA) taxes and, in most cases, state income taxes, saving you 1/3 or more in taxes.
• You can contribute a dollar amount up to the maximum specified by your employer. Please contact your benefits department for more information.
• You must estimate the amount of family healthcare expenses you will incur during the year on eligible medical, dental and vision services that are not fully covered or are ineligible for payment under your healthcare plan. To estimate, use the FSA Savings Calculator.
• Eligible expenses may include:
  • Healthcare plan deductibles
  • Co-payments
  • Amounts over the maximum your plan pays
  • Over-the-counter medications
  For a list of eligible and ineligible expenses, review the Sample Health FSA Expense Eligibility list.
• You have the estimated amount deducted from your paycheck on a pre-tax basis in equal amounts throughout the year.
• As you incur expenses throughout the year, you submit a Reimbursement Form along with documentation of the expense, and you are reimbursed with funds from your FSA.
• You need to incur eligible expenses during the plan year.
• You have 90 days after the end of the plan year to submit expenses for reimbursement.
• You can change your election during the plan year as a result of certain eligible event changes as referenced in your Summary Plan Description.