A Flexible Spending Account (FSA) allows employees to save money on out-of-pocket health care and/or dependent care expenses.
Participants choose to have a portion of each paycheck deposited into one or both FSA accounts. These pre-tax contributions reduce taxable income — meaning employees pay less tax overall.

Visit EBC’s Resource Center to learn more about the IRS-approved Section 125 BESTflex Plan.

Staff working 30 hours or more per week are eligible to enroll. 

Employees can enroll during:

1. Annual Open Enrollment

2. New Hire Enrollment — from start date through December 31

3. Mid-Year Permitted Election Changes — allowed for qualifying events

Health Care FSA

Maximum Contribution: $3,300 per year ($1,650 for half-year plans)

Use this account to pay for eligible medical expenses such as copays, prescriptions, dental, and vision services.
Participants are encouraged to review:

• Eligible Expense List

• Employee Election Estimate Worksheet

• Using the Benny Card (a debit-style card for medical purchases)
  
  

Dependent Care FSA

Maximum Contribution: $5,000 per year

Use this account to pay for eligible daycare or dependent-care expenses for children or qualifying dependents.

Group Insurance Premiums

BSD automatically withholds health and dental employee-paid premiums on a pre-tax basis.
Employees who prefer not to have pre-tax deductions must notify Human Resources in writing.

For claim reimbursements or account questions, use the following tools and resources:

• Benny Card (for medical expenses only)

• Paper Claim Form

• My Account Assistant — to view claims status and account balances online

If EBC has questions about a reimbursement, their first method of contact will be email.

You’ll receive an EBC Benefits Card to pay for eligible expenses directly at the point of service. You can also submit claims manually online or through the MyEBC Mobile App.

You’ll be required to repay the amount or submit documentation showing the charge was eligible. If not resolved, future card access may be temporarily suspended until the issue is corrected. 

FSA funds are “use it or lose it.” Any unused balance after the plan year (and any applicable grace period) will be forfeited per IRS rules. 

You can only change your contribution if you experience a qualifying life event (marriage, divorce, birth, etc.) and notify HR within 30 days. 

Not always. Many card transactions are automatically verified when you use your card at an eligible merchant. However, you may be asked to upload documentation (such as an Explanation of Benefits or itemized receipt) for some transactions.