Flexible Spending Accounts (FSA)
Flexible Spending Account
Beacon Mobility offers Flexible Spending Accounts (FSAs) through WEX. An FSA allows you to set aside money from your paycheck on a pre-tax basis to pay for eligible healthcare and dependent care expenses.
Healthcare FSA
Use pre-tax dollars for eligible healthcare expenses such as doctor visits, prescriptions, dental care, eyeglasses, and contacts.
Funds available: Your full annual election is available at the beginning of the plan year.
Dependent Care FSA
Set aside pre-tax dollars to help pay for eligible dependent care expenses such as daycare, preschool, before- and after-school care, summer day camps, and eligible elder care.
Funds available: As contributions are made to your account.
FSAs are use-it-or-lose it. If you don’t spend the funds you set aside from payroll deductions by December 31, you will forfeit the balance in your account.
Coverage Information
Using Your FSA
Your FSA is designed to make paying for eligible expenses easier. Use your WEX benefits debit card when making eligible purchases, or submit a claim through WEX for reimbursement. Keep receipts and supporting documentation for your purchases in case WEX requests verification of an expense.
Plan ahead: FSA elections cannot be changed during the plan year unless you experience a Qualifying Life Event. Be sure to consider your expected expenses when choosing your annual contribution.
Manage your FSA anytime with the WEX Benefits mobile app. Check your balance, view transactions, submit claims, upload receipts, and manage your benefits debit card, all from your phone.
Additional resources
Search Eligible Health Care FSA Expenses
What is a Health Care FSA and Dependent Care Account? (short video)
What is a Health FSA? (short video)
What is a Dependent Care FSA? (Short video)
Medical FSA and Dependent Care FSA: Contribution limits & IRS regulations
WEX FSA Benefits Card: How does it work?
Flexible Spending Account Carryover
WEX Benefits Mobile App
Dependent Care FSA Facts
FSA Claim Submissions
How to file a claim in your online account?
How to file a claim in the WEX benefits mobile app?
Enrollment & Additional Benefits
Flexible Spending Account:
Beacon Mobility offers a Flexible Spending Account (FSA) Plan through WEX. An FSA allows you to pay for healthcare and dependent care expenses using money from your paycheck that is not taxed. A Healthcare FSA allows you to pay for expenses such as doctor copayments, prescriptions, dental services, and eyeglasses. A Dependent Care FSA is for expenses such as elder care, daycare center, preschool, and before and after school care. New enrollees will receive a debit card in the mail that can be used to pay for qualifying expenses.
What is a Health Care FSA and Dependent Care Account?
What is a Health FSA?
What is a Dependent Care FSA?
- Medical FSA and Dependent Care FSA: Contribution limits & IRS regulations
- WEX FSA Benefits Card: How does it work?
- Flexible Spending Account Carryover
- WEX Benefits Mobile App
- Dependent Care FSA Facts
- FSA Claim Submissions
- How to file a claim in your online account?
- How to file a claim in the WEX benefits mobile app?
