 |
|
|
How Blue Priority Flex Works
A Blue Priority Flex plan, also called a flexible spending account
(FSA) or reimbursement account, is an employee benefit program that allows
you to set aside money pre-tax to pay for certain health care and
dependent care expenses.
How can a flexible spending account benefit me?
Contributions
you make to a flexible spending account are deducted from your pay before
federal, state, and Social Security taxes are calculated — so you
keep more of your money.
Use a Blue Priority Flex plan to save taxes on:
| Expense Type |
Account Type |
How It Works |
Eligible Expenses |
| Medical expenses |
Medical reimbursement account |
Pay for eligible health care expenses with tax-free dollars
|
- Health plan deductible, copays, coinsurance
- Uninsured medical,
dental, or vision expenses
- Prescription drugs
- Over-the-counter medications
|
| Medical expenses |
Limited-purpose medical reimbursement account |
Use with a health savings account (HSA) to pay for health care
expenses not paid by the HSA |
- Dental care
- Vision expenses
|
| Dependent care expenses |
Dependent care reimbursement account |
Pay for child care or adult dependent care expenses during working
hours with tax-free dollars |
- Care for children under 13, or disabled spouse, child, or parent
|
| Group insurance premiums |
Premium-only plan |
Pay for premiums of group-sponsored benefits with tax-free dollars |
- Health
- Dental
- Vision
- Life/AD&D
- Long & short-term disability
- HSA contributions
|
|
|
