Flexible Spending Accounts

A Flexible Spending Account (FSA) is a great way to pay your out-of-pocket health and dependent-care expenses with pretax income deducted from your paycheck. DMBA offers three different FSAs to eligible employees. The FSAs you are eligible for will depend on which medical plan you choose:

Dependent Care FSA

The dependent care FSA allows you to pay for eligible dependent care expenses with pretax dollars. You choose a total contribution amount, up to the IRS-determined limit (currently $7,500), and your employer makes equal pretax payroll deductions each pay period to fund the account. Funds may used only after they have been contributed. At the end of the year, any unused funds are forfeited.

Healthcare FSA (FSA)

A healthcare FSA is available if you enroll in the DMBA PPO 90 Plan, DMBA PPO 70 Plan, or an outside PPO plan. This account allows you to pay for eligible medical, dental, vision, and prescription expenses on a pretax basis. You elect a total contribution amount, up to the limit determined by the IRS, and your employer makes equal pretax payroll deductions each pay period to fund the FSA.

The full elected amount is available to use on January 1. At the end of the year, any unused amounts are forfeited, except for an IRS-determined amount you may roll over to the next plan year. You have until March 15 of the following year to submit claims for expenses incurred during the calendar year associated with your FSA enrollment.

You may pay for expenses using the DMBA Benefits Card or submit claims online, through the DMBA FSA|HSA app. This FSA may not be paired with a Health Savings Account (HSA).

Limited Purpose FSA (LPFSA)

This account allows you to pay for eligible dental and vision expenses on a pretax basis. It works the same way as a healthcare FSA, except it can only be used for eligible dental and vision expenses. Unlike a healthcare FSA it may be used in conjunction with an HSA.

You must enroll each year to participate. Contribution amounts and elections do not carry over to the next year.

For more information on FSA, including eligible expenses and how to submit a claim, please see DMBA.com or contact Benefit Services at 801-422-4716.