Health Benefits Unit

Flexible Spending Accounts

Save on Taxes

Flexible Spending Accounts (FSA) are made possible by Section 125 of the Internal Revenue Code and are subject to regulations set by the IRS. Flexible Spending Accounts allow you to set aside pretax dollars to pay for certain incurred expenses not reimbursed under any health plan or dependent care reimbursement plan while you save on your current taxes.

Please remember that to be reimbursed for eligible health care expenses, you must complete and sign a claim form and submit it along with an explanation of benefits (EOB) or a detailed receipt as proof of services rendered. Claims are reimbursed based on the dates of services following the date you are enrolled in the plan. You may submit claims at any time during the current plan year. You also have until March 31 of the following year to submit eligible expenses incurred during the previous plan year.

Follow the links below to learn more about FSAs:

To view your FSA information, go to MySpendingAccount.adp.com and enter your user name and password. If you have never registered, simply click the "New Users - Register Here" button to begin.

SHPS now has a Smartphone app to make online access to your HRA/FSA account information, including claims submissions, more convenient! Read about it here:  

This video explains: 

  • What to do when you receive your card

  • How to use the card

  • Why it is vital that you keep your receipts

Important Note: 

The debit card can also be used with the HRA account, and everything in the video will apply to the HRA except that the HRA does not have tax benefit for the individual employee as does the FSA.

Benefits of an FSA Account

This video explains: 

  • Benefits to the employee of an FSA Health and/or Dependent Care Account

  • What expenses are covered

  • How to maximize the benefit to yourself 

Important Reminders: 

These reminders should help you to determine whether to enroll in the FSA and, if so, for how much. 

  • The HRA is used first and then the FSA

  • At the end of the year, any unused HRA balance will roll over and be added to that year's balance

  • Unused FSA funds do not roll over; therefore, any unused FSA balance at the end of the year will be forfeited 

Important Note: 

The debit card can also be used with the HRA account, and everything in the video will apply to the HRA except that the HRA does not have tax benefit for the individual employee as does the FSA.