Flexible Spending Accounts
The easy-to-add financial solution to expand your benefit offerings
FSAs provide convenient, cost-effective financial solutions to basic employee expenses. This virtually cost-free benefit enables employees to set aside pre-tax earnings to pay certain medical expenses, childcare expenses, dental and vision costs. Decreasing their taxable income not only saves employees money, but lowers employer payroll taxes as well.
Fully integrated, seamless and convenient
FSAs are fully integrated through our claims processing system, which provides the option of making reimbursement available through automatic reimbursement or by debit card. Employees also have the option of manual claim submission.
Our Flexible Spending Account solution offers three types of FSAs that can be paired with any of our health plans:
Valuable benefit enhancements
In addition to creating tax savings, FSAs also help employees better plan for and manage health care expenses.
Why you should offer our FSA
While most FSA programs pay for themselves in tax savings, not all FSA administrators offer the spectrum of services needed to successfully maximize all aspects of your health benefits program.
BlueCross BlueShield of Tennessee delivers a complete solution with valuable tools and administrative services that drive employee participation and satisfaction.
To establish a BlueCross BlueShield of Tennessee Flexible Spending Account, contact your agent/broker or a BlueCross BlueShield of Tennessee representative at 1-800-565-9140.
For more information about Flexible Spending Accounts, go to Group/Broker FSA FAQs .