Flexible Spending Account
A Flexible Spending Account (FSA) is a great way to pay your out-of-pocket health and dependent care expenses with pretax income deducted from your paycheck. DMBA offers two different FSAs to eligible participants: a healthcare FSA and a dependent care FSA. Healthcare FSA
A healthcare FSA allows you to set aside money before taxes are deducted to pay for eligible medical, dental, and vision expenses.
- Enroll and choose a dollar amount for the year. The limit for 2025 is $3,300.
- Your account is prefunded at the beginning of the year with the amount you choose so the full amount is immediately available for use. Then your chosen amount will be divided equally between pay periods and deducted from your paychecks during the year.
- Use the money in your account to pay for eligible expenses (copayment, coinsurance, prescriptions, glasses, contacts, dental expenses, etc.). Not all healthcare expenses are eligible for reimbursement. For a comprehensive list of FSA-eligible expenses, log in to www.dmba.com. Under the My Health drop-down menu, go to Flexible Spending and click on FSA/LPFSA/HSA Eligible List.
- Pay for eligible healthcare expenses with your DMBA Benefits Card or pay for them out of pocket and be reimbursed after you submit a claim through the online portal at www.dmba.com or the FSA|HSA app (available in the App Store or Google Play).
- Use all the money in your account by December 31. Up to $660 of unused money will automatically roll over to the next year for your use on eligible expenses. You will forfeit any unused balance over $660.
Dependent Care FSA
A dependent care FSA allows you to set aside money before taxes are deducted to pay for eligible dependent care (daycare) expenses:
- Enroll and choose a dollar amount for the year. The limit for 2025 is $5,000.
- Your account is NOT prefunded at the beginning of the year. If your claim exceeds the existing funds in your account, you cannot be reimbursed for the claim until more funds are withheld from your paycheck and deposited.
- Use the money in your account to pay for eligible expenses (dependent care and daycare). Not all dependent care expenses are eligible for reimbursement and some services are excluded, including babysitting, unless such services allow both you and your spouse to be gainfully employed. Please discuss your situation with your tax adviser if you have any concerns.
- The DMBA Benefits Card cannot be used to pay for dependent care expenses. Instead, pay for them out of pocket and submit a claim through the online portal at www.dmba.com or the FSA|HSA app (available in the App Store or Google Play).
- Use all the money in your account by December 31. You will forfeit unused funds not claimed for eligible services incurred by December 31.
How to Enroll
FSA enrollment does not carry over from year to year. You must re-enroll if you want to participate next year. You can enroll online during Open Enrollment or use the enrollment form in the Forms Library at www.dmba.com.
The DMBA Benefits Card
If you enroll in a healthcare FSA, you will receive a DMBA Benefits Card like the one shown below:
The card works just like an ordinary debit card but should only be used to pay for eligible expenses. The card will not work for dependent care FSA expenses.
You should always save itemized receipts for purchases made with your DMBA Benefits Card. You may be asked to submit some receipts to verify that your expenses comply with IRS and DMBA guidelines. Your itemized receipt must show the patient's name, provider or merchant name, service received or item purchased, and the date and amount of the expense.
If you can plan to use your DMBA Benefits Card to pay your coinsurance, wait for DMBA to process the claim first, and then pay the balance to your healthcare provider. That way, discounts can be calculated and applied before you take responsibility for your portion of the expense.