PriorityFSA: flexible spending accounts

Give your employees significant tax savings and save on your health care costs with PriorityFSA^SM, our flexible spending account.

When they sign up with PriorityFSA, employees experience tax savings of up to 40% of every dollar they spend on health care deductibles, copayments, over-the-counter medicines, dental care, braces, glasses or contacts, child care and much more. They control their own health care expenses and keep a closer eye on their health, which leads to reduced costs for you.

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PriorityFSA advantages
PriorityFSA features
Find out more

PriorityFSA advantages

• Your employees save money by setting aside tax-free dollars to pay for dependent care and certain health care expenses that are not paid for by their health insurance plan.
• Automatic reimbursement: when your employees are covered by a Priority Health plan, their copays, coinsurance and deductibles will automatically be reimbursed, no forms needed.
• A worry-free system where Priority Health handles all administrative duties

PriorityFSA features

• Employees can choose to enroll in a health care account, a dependent care reimbursement account or both.
• Health care accounts cover eligible health care expenses. Dependent care accounts cover childcare costs for dependent children up to age 13.
• You set the contribution limit for health care expenses; employees decide how much money to set aside.
• Employees can track their own account balances through their secure online accounts
• The entire annual amount an employee set aside in a flexible spending account is available right away to cover many health care expenses. If an employee set aside $600 ($50 a month) in an FSA and has $600 in health care or medical expenses in February, he/she can be reimbursed the whole $600 from the PriorityFSA account immediately. It doesn't matter that he/she has only contributed $100 of the $600 annual total to the account so far.
• Use it or lose it. Under IRS rules, employees use any money they don't use by the end of the plan year.

Find out more

• Our PriorityFSA brochure (1.2MB PDF) includes worksheets to help employees estimate how much to set aside in their flexible spending accounts each year.
• See a list of qualified health care expenses
• If you have a health savings account (HSA), you may only offer a limited FSA. Read more about PriorityFSA Limited.

Contact your independent agent or the employer services representative for your region to sign your group up for a PriorityFSA.

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