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Healthy Blue FSASM

How does this help my company?

Flexible spending accounts enable employers to share the cost of health care while providing flexibility for members. FSAs allow employees to set aside pre-tax money to pay for qualified medical expenses. Contributions are automatically deducted from employees' paychecks throughout the year. It is a "use it or lose it" plan — unused funds forfeit back to your company at the year-end. Employers may also contribute to the account.


Why are FSAs gaining in popularity?

Benefits to employers:

  • Provides health insurance to employees without having you shoulder the entire cost – employer and employee share the cost
  • Limits benefit expenses while maintaining health plan quality
  • Lowers health care costs via reduced federal and state payroll taxes

Benefits to employees:

  • Employees are more aware of the cost and value of benefits and may choose how to spend their FSA dollars
  • Contributions are not subject to Social Security, state or federal income tax

How does Healthy Blue FSA work?

Employers choose a FSA-compatible health plan. A full array of tools and options support these plans to help members manage their health care. Choices include:

  • Community BlueSM
  • Flexible BlueSM
  • Simply BlueSM
  • Simply Blue HRASM

Employees have online access to enrollment, claims, and billing and financial data for their accounts through their online Personal Desktop. The website allows employees to:

    • View balance information
    • Pay claims
    • Process reimbursements
    • Review transactions
    • Receive and view statements
    • Access health and wellness tools and information