Flexible Spending Account
A Flexible Savings Account (FSA) allows you to save for qualifying medical, dental, vision and dependent care expenses on a tax free basis. When you elect this benefit, the money you designate to your FSA account is deducted on a pre-tax benefit., thus reducing your taxable income. Once you enroll, you will receive a debit card to pay for eligible expenses incurred during the plan year.
If you do not have Medical Mutual health insurance:
- Go to MedMutual.com/myspendingaccounts
- Click Register and complete the registration process
- Log into your account
Access your FSA, along with educational information, forms and savings estimators.
For additional information, you can visit www.medmutual.com and log in to the My Health Plan account and under Claims & Balances choose “My Spending Accounts” and you will be directed to the FSA portal. Or you can call 800-525-9252.
The IRS Annual Contribution Limits for the 2024 plan year are:
- Medical: $3,250
- Dependent Care: $5,000