Flexible Spending Accounts

 *New Provider for 2018The university offers Health Care and Dependent Care Flexible Spending Account (FSA) options administered by Discovery Benefits. 

Not sure exactly what a FSA is? Check out FSA 101, a great introductory video provided by Discovery Benefits.  Basically, flexible spending accounts provide pre-tax dollars to be used toward medical, dental, vision, pharmacy, and daycare expenses.  This is a savings to you and adds extra money in your pocket.  Flexible spending accounts do have a "Use-it-or-lose-it" provision, meaning any unspent money at the end of the grace period of March 15 must be forfeited.

Discovery Benefits Contact Information

Customer Service: 866-451-3399

Fax: 866-451-3245

Website: www.discoverybenefits.com

Live Chatwww.discoverybenefits.com/contact

Click to view customer services instructions for retirees.

Health Care Flexible Spending Account

The Health Care (FSA) annual employee contributions are available to use beginning January 1, 2018.  You may use these funds for you and your dependents. The maximum annual employee contribution limit for a Health Care Flexible Spending Account (FSA) is $2,600.

Dependent Care Flexible Spending Account

The Dependent Care (FSA) annual employee contributions accumulate on a per pay period basis.  You may use these funds to reimburse you for daycare and children's camp expenses. The maximum annual employee and household contribution limit for Dependent Care FSA is $5,000.

New ID Card

With a new provider for 2018, new enrollees will recieve a new FSA card in the mail.  Make sure to use this card for transactions for your 2018 money.

Grace Period

The university 2018 FSA plan year has a grace period that extends to March 15, 2019.  During the Grace Period, you can continue to incur claims and use any remaining balance in your 2018 Health Care FSA or your Dependent Care FSA. You then have until April 15, 2019 to submit final claims for reimbursement from your 2018 balance. 

Had a FSA in 2017?

Even as we switch to a new vendor in 2018, please be aware that grace period for 2017 FSAs is still available until March 15, 2018. View our FSA Grace Period Handout During the Transition for details on what account to use and when during the grace period.  For employees that had an FSA in 2017, and you still have money to spend after January 1, 2018  you will continue to submit those claims for reimbursement to Chard-Snyder until you have exhausted your 2017 funds or until the March 15, 2018 grace period - whichever comes first. Click here for 2017 FSA info and Chard-Snyder contact information.

Additional Resources

Discovery Benefits has a lot of great resources for participants. The Discovery Benefits website offers guides, calculators, etc.  You can also check out some helpful videos listed below.

Guide to Substantiating Claims Video

Discovery Benefits Mobile App Video

Guide to Consumer Claims Sync

 Discovery Benefits Out-Of-Pocket Reimbursement Form