Flexible Spending Accounts (FSAs) let full-time employees pay for IRS-approved medical and dependent care expenses, such as health care, your kids’ day care, or your parents’ elder care expenses on a before-tax basis. This saves you money on the things you’d be paying for anyway.
BAYADA’s FSA provider is Optum Financial, which integrates with our Aetna, Delta, & EyeMed medical health insurance. You can also access Optum Financial’s mobile-friendly online portal/app to view reimbursement requests, account balances, claim information, and more!
Please call the Benefits office at 844-225-7552 with any question as we transition to our new benefits providers.
BAYADA offers two FSAs:
- Medical/Health Care Flexible Spending Account. Use this account to pay for health care expenses for you and your covered dependents. You can contribute up to $2,750 each year to pay for things such as copayments for office visits and prescription drugs
- Dependent Day Care Flexible Spending Account. Use this account to pay day care expenses for your children, or elder care expenses for parents, so that you and your spouse (if married) can work. You can contribute up to $10,500 each year.
You can participate in one or both FSAs. Each year that you would like to participate in an FSA, you must elect the amount you want to contribute to either or both FSAs at open enrollment.