Flexible Spending Account

What is an FSA?

Flexible Spending Accounts (FSAs) allow you to use pre-tax income for qualifying out-of-pocket medical expenses. Employers may make contributions to an FSA, but this is not required. You choose how much you contribute to your FSA plan, and you can use these contributions for qualifying medical expenses. With most FSA plans, you submit claims for reimbursement for any out-of-pocket medical expenses you incur throughout the year. You then receive reimbursement. However, with Driven125, you receive a debit card for out-of-pocket expenses. This makes it quick and easy for you to take advantage of your FSA plan.

Pre-tax Dollars

Your FSA gives you the opportunity to pay for unreimbursed medical expenses with pre-tax dollars.

You Decide

While the IRS and your employer may set minimums and maximums for your FSA contribution, you ultimately decide what you are comfortable contributing within those limits.

Employer Contributions

Your employer may make contributions to your FSA as well or even match your contributions — it all depends on the plan rules set in place.

No Waiting

With your Health FSA, all your funds for the year are available to you as soon as the plan year begins. You don’t have to wait for funds to build up.