Flexible Spending Accounts

What types of Flexible Spending Accounts (FSAs) are offered?

BHGE offers two FSAs – the Health Care FSA (HCFSA) and the Dependent Care FSA (DCFSA).

Who administers our Flexible Spending Accounts?

UnitedHealthcare administers our FSAs.

How does the Health Care FSA work?

When you enroll in the Health Care FSA, you elect how much money you want to contribute. Your contribution is made pre-tax and deducted from your paycheck throughout the year. 

What expenses can I pay with my Health Care FSA?

Your Health Care FSA funds can be used tax-free to pay for out-of-pocket qualified medical expenses. There are hundreds of qualified medical expenses, including: 

  • Medical and Dental plan deductibles, copays and coinsurance 
  • Prescription drug copays and coinsurance  
  • Certain over-the-counter drugs with a prescription
  • Vision expenses 

Refer to IRS Publication 502 for a more complete list of qualified medical expenses.

You will not receive a debit card for your FSA. Medical and Prescription Drug claims are submitted automatically. You must file Dental and Vision claims.

Can I contribute to an HSA and a Health Care FSA?

No. Per IRS regulations you cannot contribute to an HSA and an HCFSA during the same plan year.

How does the Dependent Care FSA work?

When you enroll in the Dependent Care FSA, you elect how much money you want to contribute. That money is deducted from your paycheck throughout the year. Your contributions are deducted before tax. You can contribute up to $5,000 a year in the Dependent Care FSA ($2,500 maximum if you are married and file separate tax returns).

You will not receive a debit card for your Dependent Care FSA.

You can be reimbursed for eligible expenses before the money is in your account, up to the total amount you elect to contribute for the year.

More information about the Dependent Care FSA can be found in the Benefits Guide.

What expenses can I pay with my Dependent Care FSA?

Your Dependent Care FSA funds can be used tax-free to pay for dependent care expenses. Eligible expenses include: 

  • Care provided in participant's home, even when household services are also provided. Participant must, however, separate expenses for care from expenses for household services. 
  • Care provided outside participant's home for persons who regularly spend at least eight hours a day in participant's home. Dependent care centers that provide care for more than six people who don't live at the center must comply with applicable state and local regulations. 
  • Expenses for a babysitter or daycare facility. 
  • Before or after school care for a child under age 13

Refer to IRS Publication 503 for a more complete list of qualified dependent day care expenses.

What is the difference between the Health Care and Dependent Care FSA?

The Health Care FSA is a tax-advantaged savings account designed to help you pay for qualified medical, dental, prescription and vision expenses. 

The Dependent Care FSA is a tax-advantaged savings account designed to help you pay for qualified expenses used in the care of an eligible dependent, such as for daycare or elder care, so you and/or your spouse can continue to work. Both are governed by IRS rules.

Is the Dependent Care FSA a way to pay for my family’s medical expenses?

No, the Dependent Care FSA does not cover any medical, prescription drug, dental or vision expenses.