Flex Accounts take over where the Premium Only Plan (POP) leaves off. Flex accounts allow employees to pay for expenses not covered by insurance, or expenses employees must pay for until he/she meets their deductible obligations, by setting aside money through pre-tax payroll deductions.
Covered items include: over-the-counter medicines and supplies, prescriptions, co-pays, doctor fees, vision services, dental services, smoking cessation programs and prescribed weight-loss programs, dependent care for children and elders, and the cost of commuting to and from work. And the list doesn't stop there.
Participants pay qualified expenses directly from their flex account with the take care® flex benefits card. If a participant does not use the card, they can pay for qualified expenses and submit a claim to get reimbursed from their flex account.
FSAs are funded by the employee, employer or both
Payments for qualified expenses are tax-free.