DISCOVERY BENEFITS FLEXIBLE SPENDING ACCOUNTS
Healthcare FSA
A Healthcare Flexible Spending Account (FSA) provides important tax advantages that can help you pay healthcare expenses on a pre-tax basis. By anticipating your family’s health care costs, you can lower your taxable income so you get to keep more of what you earn.
The Healthcare FSA is available only to those enrolled any of the 4 UPMC medical plans or if you are waiving medical coverage. If you enroll in the Healthcare FSA, funds in the account must be used for qualified healthcare expenses. To view a complete list of IRS approved eligible expenses as well as exclusions, you can visit the IRS website under the Publication 502 here.
The total amount you elect for the year is available to you at the beginning of the plan year, regardless of how much you have contributed via payroll deduction. The annual maximum contribution is $2,750 per calendar year. You will be payroll deducted on a pre-tax basis in equal amounts per pay throughout the year. If both you and your spouse work for employers who offer the Healthcare FSA, you can each enroll in the maximum.
You have 90 days after the plan year ends to submit claims for the current calendar year. You may also rollover $500 from your prior years’ balance for use in the following year. All other funds in the account will be forfeited so plan carefully so you do not lose money.
Dependent Care FSA
XPER also offers a Dependent Care FSA. This is for qualified childcare expenses for children up to age 13, for older dependents who are disabled and for elder care. The IRS maximum is $5,000 per covered household.
You can submit your receipts into Discovery Benefits by creating an account online at www.DiscoveryBenefits.com. They also offer a smart phone app where you can submit receipts and required images. You can receive a paper check for reimbursement or set up to receive direct deposit.
Benefits Participant Services
6 a.m. to 9 p.m. CST M-F
Toll-Free: 866-451-3399
Toll-Free Fax: 866-451-3245
[email protected]
Live chat available at:
www.DiscoveryBenefits.com/conta
