Flexible Spending Accounts
BAS administers the Flexible Spending Accounts for many of our members. Our MyFlex tools make your FSA experience as seamless as possible, giving you access to the information, functionality and funds required to quickly process your claims.
A Flexible Spending Account (FSA) is simply a way for you to set money aside from each paycheck to use on Eligible Expenses not covered by your health plan and Dependent Daycare Fees. Some examples of these expenses are: Office visit co-pays, Rx co-pays, Medical supplies (diabetic testing strips), some Over-the-Counter Medicines and much more. The money is deducted from each paycheck on a pre-tax basis which means you’ll save an amount equal to the taxes you would have paid on the money you designated to be set aside each year.
of a card
for qualified expenses
It's the Flex Benefits® Card. And with it, you won't have to pay qualified expenses with personal funds and then wait for reimbursement from the plan.
The Flex Benefits Card is optional and for the convenience of plan participants.
Questions? Call Us.
Our dedicated member experience team is ready to assist you with your questions about your Flexible Spending Account. Whether that is helping you understand the value of this benefit, submitting a receipt, or downloading the mobile app. We are here to help!
Monday through Friday 7:00am - 8:00pm CST: (800) 843-3831
Frequently Asked Questions
What is a Flexible Spending Account?
The money is deducted from each paycheck on a pre-tax basis which means you’ll save an amount equal to the taxes you would have paid on the money you designated to be set aside each year. For example, if your paycheck is deposited every two weeks, then you have 26 deposits per year. If you elect to set aside $1,560 annually, then $60 will be deducted from each of your paychecks throughout the year.