Flexible Spending Accounts

Discovery Benefits

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FSAs provide participants with an important tax advantage that can help pay health care and dependent care expenses on a pre-tax basis. If participants do not use the money contributed by the end of the plan year, you will have a grace period of 75 additional days to incur expenses and an additional 15 days to file claims based upon that year’s contributions.

Who is Eligible and When:

Active associates working a minimum of 30 hours per week are all eligible for coverage. Qualified Associates have up to 30 days to enroll in the plan after they become benefit eligible. Most benefit changes require a “qualifying life event” and must be identified within 30 days. Failure to do so will disqualify you from changing coverage until the next open enrollment.

The coverage is effective the first of the month following date of hire. Company owners may not be eligible to enroll in the Flexible Spending plan. For eligibility rules, please see Human Resources.

Medical Reimbursement FSA (“Unlimited”)

This program allows associates to pay for certain IRS-approved medical care expenses with pre-tax dollars. The Medical Reimbursement FSA account is not available to participants of an HSA. The annual maximum participants can contribute is $2,700 and funds are available Day 1. Some examples of qualified expenses include:

  • Office visit copays, deductible and co-insurance
  • Vision and dental services
  • Prescription drugs and medical supplies

“Limited Purpose” FSA (Dental and Vision Only)

A limited purpose FSA is available to those individuals contributing to a medical HSA. This account provides associates the opportunity to pay for certain IRS-approved dental and vision expenses with pre-tax dollars. The annual maximum participants can contribute is $2,700 and funds are available Day 1. Some examples of qualified expenses include:

  • Dental and vision office visit copays, deductibles and co-insurance
  • Laser vision correction
  • Orthodontia services

Dependent Care FSA

The Dependent Care FSA allows associates to use pre-tax dollars towards qualified dependent care expenses such as care for children under the age 13 or care for elders. The annual maximum amount you may contribute to the Dependent Care FSA is $5,000 (or $2,500 if married and filing separately) per calendar year and funds are only available once deposited. Some examples of qualified expenses include:

  • The cost of child care (under age of 13) or adult dependent care
  • The cost for an individual to provide care either in or out of your house
  • Nursery schools and preschools (excluding kindergarten)

Mass Transit/Parking FSA

The Mass Transit/Parking FSA allows associate to use pre-tax dollars towards qualified expenses relating to parking and commuting via mass transit. Associates can contribute up to $265 monthly for Parking and $265 monthly for Mass Transit and may not receive reimbursement of more than the monthly maximum in a given month. Associates must submit their claims within six (6) months of when the expense is incurred. Any unused funds in the associate’s Mass Transit/Parking account can be rolled over into the next year but continue to be subject to monthly limitations. The amounts above are subject to change.

Complete information on FSA benefits can be found in the Mariner Holdings, LLC Health Care Plan Summary Plan Description and SPD Supplement on the Annual Notices Page.