FSA

Health FSA

A General Purpose Health Flexible Spending Account is an IRS-approved program to help you save taxes and pay for out-of-pocket medical expenses not covered under your medical plan. If your plan includes a grace period option, you have additional time to incur and claim against unused funds in the new plan year. Keep in mind that remaining balances after the grace period is exhausted will be forfeited under the use-it-or-lose-it rule.

Your maximum contribution amount for 2022 is $2,850.

Medical FSA COVID-19 Claim Form for Prior Year Funds:

https://www.ffga.com/wp-content/uploads/COVID-Medical-FSA-Claim-Form.pdf

Use this form to manually claim for reimbursement of qualified medical expenses for a plan year which the run-off period has expired on or after 12/31/2021. You must have incurred the expenses out -of-pocket and have not been reimbursed from any other source.

Highlights

  • Contributions are automatically deducted from your paycheck on a pre-tax basis, which helps reduce your taxable income and increase your spendable income.
  • Your full election will be available to you at the beginning of the plan year.
  • Be conservative – any money left in your account at the end of the plan year with be forfeited.
  • Use your benefits card to pay for qualified expenses upfront so you don’t have to spend money out of pocket.
  • Keep all receipts in case you need to substantiate a claim for tax purposes.

Health Plans Must Cover OTC COVID-19 Tests

Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are laws passed which include requiring group health coverage to cover the costs of over-the counter (OTC) COVID-19 diagnostic tests (up to $12.00). The Department of Labor (DOL) and the Internal Revenue Service (IRS) has provided additional guidance to prevent fraud and abuse, the insurer or plan provider, may require an attestation, the OTC COVID-19 test was purchased by the participant, beneficiary, or enrollee for personal use, not for employment purposes, has not been (and will not be) reimbursed by another source, and is not for resale.

FSA Resources

Online Wealthcare Portal

Flexible Spending Account and Health Savings Account participants can log in to their online wealthcare portal to access account balances, check on claims, upload receipts and access other account details.  You can also register for an online account if you do not currently have access.

FSA Mobile App

FF Flex Mobile App

Managing your benefit accounts on the go is made easy with FF Flex Mobile App. This powerful, intuitive mobile application gives you access to view your account balances, update your profile, submit a claim and much more – right from your Android or Apple device.

Mobile App Features

  • Access Account Information
  • View card details and profile information
  • Submit FSA claims using an electronic claim form
  • View pending claims
  • Upload receipts and documentation
  • Receive alerts
  • Update direct deposit information

 

FSA Store & Eligibility List

The FSA Store is an online marketplace that connects consumers to FSA-eligible products, seasonal deals and account support resources such as open enrollment guides and educational videos. Learn more >