Flexible Spending Accounts (FSA)
The take careŽ Flexible Spending Account allows employees to budget for expenses that are not covered by insurance. Employees estimate annual expense and then make regular pre-tax payroll deductions.
Covered items include prescribed over-the-counter medicines and supplies, prescriptions, co-pays, doctor fees, vision services, dental services, dependent care for children and elders and the cost of commuting to and from work. And the list doesn't stop there.
Payments for qualified expenses are tax-free. Participants pay qualified expenses directly from their flex account with the take care Card. If a participant does not use the Card, they can pay for qualified expenses and submit a claim to get reimbursed from the flex account.