Supplemental FSA for BCBSTX HSA enrollees.
The Limited Use FSA is available only if you enroll in the BCBSTX HSA medical plan. You can contribute from $240 to $2,750 each year to the Limited Use FSA. A Limited Use FSA gives you the option to use before-tax money to pay for non-medical expenses without tapping into your HSA funds, which you may be accumulating for retirement. There are two ways to use the Limited Use FSA.
Your Limited Use FSA funds are available only for certain non-medical expenses, including:
Your Limited Use FSA funds are available for all FSA-qualified health care expenses incurred after the date you met your deductible, including coinsurance and copayments—just like a Health Care FSA.
The Limited FSA is available only if you enroll in the BCBSTX HSA medical plan.
You will use a single debit card to access funds from both your Health Savings Account and from your Limited Use FSA, if you contribute to this account. Expenses paid from your Limited Use FSA may require substantiation. Expenses paid from the Health Savings Account do not require substantiation. View your Health Savings Account or Limited FSA balance on the MyBMC Rewards website (select the Your Spending Account tile). If you have a Health Savings Account and contribute to a Limited Use FSA, here’s how the YSA card works to pay for eligible expenses:
You can begin paying for eligible medical services and prescriptions drugs with your Limited Use FSA once you’ve met your HSA Plan deductible ($1,850/$3,700). To start using your Limited Use FSA, go online to the YSA website and submit a copy of the BCBSTX Explanation of Benefits showing the medical claim that satisfied the HSA Plan deductible. You will receive an email from YSA within 24 to 48 hours confirming that you can begin submitting medical and prescription drug expenses for reimbursement.