Utilizing Flexible Spending Accounts

Flexible Spending Accounts allow employees to pay out-of-pocket costs with pre-tax dollars. These accounts are completely employee-funded, meaning employers cannot make direct contributions. An employee decides how much he or she wants to contribute to the FSA, which is good for one calendar year plus a three-month grace period, after which the employee “loses” the money. FSA funds can be used to pay for qualified health care expenses including out-of-pocket medical, dental and vision expenses. FSAs also allow employees to pay for child care expenses with pre-tax dollars.

Find out some answers to frequently asked questions about FSAs.

GuideStone makes FSAs available through Employee Benefits Corporation (EBC). For more information on how an FSA can help you save money, call EBC at 1-800-346-2126.