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Flexible Spending Account Administration

First Choice Health Administrators offers Healthcare and Dependent Care Flexible Spending Account administration to employer sponsors who may choose to offer this funding option to their employees. Medical benefits must also be administered by FCHA. Employees have instant access to FSA claims status and account balances through myFirstChoice.

Flexible Spending Account (FSA) Defined

A flexible spending account (FSA) program is a great way for employees to manage their health care and/or dependent care expenses through the use of pre-tax dollars.

• Use of pre-tax dollars reduces taxable income.
• Use up to your total election amount at anytime during the plan year even if you have not yet contributed the full amount to your FSA account.
• Use up to your total election amount at anytime during the plan year even if you have not yet contributed the full amount to your FSA account.

FSA Enrollment

Find out if your employer offers this option. Then during your Open Enrollment, estimate the amount of out-of-pocket expenses you will have for medical and/or dependant care expenses for the coming year. You will contribute to your account(s) with pre-tax dollars taken in equal amounts from each paycheck during the plan year.

FSA Reimbursement

This money is distributed from health care and/or dependent care accounts upon submission of a claim for a qualified eligible expense. There are guidelines around qualifying expenses that are available through myFirstChoice.

FSA Debit Card Integration

FCHA offers an optional integrated Debit Card solution through Evolution Benefits. Participants use their Debit Card to pay for qualified expenses directly out of their FSA. Because of federal regulations, participants are required to submit receipts for their medical expenses even when using a debit card.