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Flexible Spending Accounts

Discovery Benefits—Effective January 1st

Flexible Spending Accounts (FSAs) are special tax-advantaged accounts used to pay for eligible
out-of-pocket health care and dependent care expenses. If elected, your account(s) will be
funded with tax-free dollars using convenient payroll deductions. Only expenses for services
incurred during the plan year are eligible for reimbursement from your accounts. If you are
using your debit card, you must save your receipts, just in case Discovery Benefits needs a copy
for verification. Also, all receipts should be itemized to reflect what product or service was Use it or Lose it!
purchased. Credit card receipts are not sufficient per IRS guidelines. FSAs offer sizable tax advantages. The

trade-off is that these accounts are subject
Health Care Flexible Spending Account (HCFSA) to strict IRS regulations, including the use-
Available to Premier PPO HRA and Premier Plus PPO Medical plan participants or to employees it-or-lose-it rule. According to this rule, you
not enrolled in an Alterra Medical Plan: must forfeit any money left in your
This plan is used to pay for expenses not covered under your health plans, such as deductibles, account(s) after your expenses for the year
coinsurance, copays and expenses that exceed plan limits. Employees may defer up to $2,700 have been reimbursed. The IRS does not
pre-tax per year. allow the return of unused account
balances at the end of the plan year, and
Limited Purpose Flexible Spending Account (LPFSA) remaining balances cannot be carried
Available to Basic HSA Medical plan participants: forward to a future plan year. We
If you are enrolled in the Basic HSA medical plan, you may also elect the LPHCSA. This plan is encourage you to plan ahead to make the
much like the Health Care Spending Account described above; however, under the LPHCSA, most of your FSA dollars. If you are unable
you’re limited to qualifying Dental and Vision expenses ONLY while preserving your HSA funds to estimate your health care and
for Medical expenses. You may defer up to $2,700 pre-tax per year. dependent care expenses accurately, it is
better to be conservative and
underestimate rather than overestimate
Dependent Care Flexible Spending Account (DCFSA)
Available to all Benefit Eligible Employees: your expenses.
This plan is used to pay for eligible expenses you incur for child care, or for the care of a
disabled dependent, while you work. Employees may defer up to $5,000 pre-tax per year.

Important Note About the FSA
It is important to note that your FSA elections will expire each year on December 31st. If you plan to participate in the FSA for the upcoming plan
year, you are required to re-enroll during the separate FSA Enrollment that takes place in November each year.

Accessing your FSA through Discovery Benefits
Go to www.DiscoveryBenefits.com or call (866) 451-3399.

Health Reimbursement Account

Health Reimbursement Account (HRA)
If you complete the wellness incentive program (as noted on page 6), funds will be made available into your Anthem ActWise Health
Reimbursement Account (HRA) in June of 2020. An HRA is automatically opened for you when you are enrolled in the Premier PPO HRA plan. A
Debit Card will be provided to you to access funds deposited in June 2020. These funds are available to you for eligible medical, dental and vision

Accessing Your HRA
Got to: www.anthem.com or call (844) 274-5203.

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