Clarity Flexible Spending Accounts (FSA) can be paired with any health plan and allows for easy access to tax-free dollars for health care expenses.
A Flexible Spending Account makes health care more affordable by allowing employees to use tax-free dollars to pay for health care expenses not reimbursed by their health insurance plan. Most people don’t realize just how much they spend each year on expenses like co-pays, insurance deductibles, prescriptions, and other health-related items, but these types of expenses really do add up. Enrolling in a Health Care Flexible Spending Account (FSA) can save up to 40% on the medical, dental, and vision expenses.
Flexible Spending Account Administration: How It Works
At the beginning of the plan year, you decide the annual amount you’d like to contribute to your account. This is the amount you expect to spend for health care expenses not reimbursed by your insurance for you and your dependents. Expenses like co-pays, insurance deductibles, prescriptions, vison, and dental expenses. Your account is funded with paycheck deductions that are taken before any taxes are calculated. That’s where the savings comes in! You don’t pay taxes on the money you contribute to your FSA account, saving you hundreds of dollars every year!
The Clarity FSA comes with a Clarity Health Care Card for you and your dependents. When you have an eligible expense, simply swipe your card and save. Use it to make a copayment at a doctor and dentist’s office, purchase prescriptions, buy a new pair of glasses, and more, or you can shop online at the Clarity FSA Store.
We make it easy for Clarity consumers to use their Healthcare FSA and get the best value from each dollar spent. Every one of the 4,000 products in FSA Store is eligible for reimbursement. Items purchased through FSA Store are auto-substantiated, and comply with even the most recent healthcare reform provisions. Our store makes it fun and easy for consumers to use their FSA and save even more money!