What is a Flexible Spending Account?
​​A Flexible Spending Account (FSA) is an IRS tax-favored account you can use to pay for dependent daycare & eligible health expenses (medical, prescription, dental, vision, and approved Over-the-counter expenses) not covered by your insurance or any other plan (see rules and limitations in Your PayFlex Account Guide).
 
Flexible Spending Accounts feature:

  • IRS approved reimbursement of eligible expenses tax-free
  • Savings on income and Social Security taxes

Under current federal tax law, unless the person qualifies as a dependent as defined by the IRS, expenses for that dependent cannot be claimed. Therefore, expenses for domestic partners, dependents of a domestic partner as well as Over Age Dependents age 26-30 cannot be reimbursed under a spending account.

"Use It or Lose It" Rule

FSA accounts are subject to the IRS “use or lose” rule. Unreimbursed amounts left in either Account cannot be returned to you. Claims must be incurred prior to the end of the calendar year and submitted to PayFlex by March 30th of the next year. Under IRS regulations, unclaimed amounts are forfeited. For this reason, we encourage you to be conservative in your estimates and only consider expenses you know you will incur during the calendar year.

Employees enrolled in a County CDH health plan: If you enroll in the Health Care FSA, all medical, prescription, dental, and vision expenses for copays, co-insurance, and deductibles will automatically be deducted from your Health Care FSA first. After the FSA account is exhausted, medical, prescription, dental and vision expenses can be reimbursed from your HRA.

Available Types of FSAs

 
 Health Care FSA ​ Dependent Care FSA 
Health expenses not covered by your insurance plan may be eligible for reimbursement using your FSA Health Care Account, including but not limited to:
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Dependent care expenses, whether for a child or an elder, include any expenses that allow you to work, such as:
  • ​Eligible health, prescription, dental and vision copays, deductible, and/or co-insurance​
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  • ​Daycare services (child under 13, or adult)​
  • ​Limited over-the-counter (OTC) drugs​​​
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  • ​In-home care​
  • ​Eyeglasses and contacts​
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  • ​Nursery and pre-school​
  • ​Dental expenses​
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  • ​Summer day camps​
  • ​Orthodontia​
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How to Use Your FSA Funds

If you pay for eligible expenses with cash, check, or a personal credit card, you can submit an online request for reimbursement. Or you can fill out a paper claim form and fax or mail it to PayFlex®. You may also use the PayFlex Debit Card®, your account bank card, to pay for your eligible expenses. When you use the card, the funds automatically come out of your Health Care FSA first.

Note: Save all of your receipts. If you have an Explanation of Benefits (EOB) from your insurance plan, save that too. When you submit a claim, you’ll need to submit the EOB or receipt.

  

Frequently Asked Questions (FAQs):


 

Contact Information
PayFlex Systems USA, Inc.
Member Services: 844-729-3539
www.PayFlex.com​​

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