You can set aside money in a flexible spending account (FSA) to pay for certain health care expenses. Because your FSA contribution is deducted before taxes are taken, it lowers your taxable income and increases your take-home pay.
dbt offers two Health FSAs:
- Health care FSA
- Limited health care FSA*
Health care FSA
FSA funds can be used to pay for your eligible medical, dental, vision and prescription drug expenses, including copays and deductibles, with pre-tax dollars.
Limited health care FSA *
For those who choose the HDHP plan with HSA, a limited FSA is available to help pay for eligible dental and vision expenses.
*Only available with the Cigna HDHP Plan
Dependent care FSA
FSA funds can use pre-tax dollars to reimburse you for dependent care expenses, including child care. An eligible dependent is a child under the age of 13 or any dependent incapable of self-care who spends at least eight hours a day in your home and can be claimed on your tax return.