The Retirement Systems of Alabama

- ERS Members
- TRS Members
- RSA
- ERS
- TRS
- PEEHIP
- RSA-1
- JRF

Public Employees' Health Insurance Plan (PEEHIP)

Flexible Spending Accounts

Resources
PEEHIP Forms
PEEHIP Publications
Contact PEEHIP
PEEHIP Advisor
Online Tutorials
Actuarial Report
Financial Statements
Trust Fund Financials
HIPAA/PEEHIP Privacy Statement
Quick Links
RSA Home Page
Social Security
Blue Cross Blue Shield
MedImpact
Southland Benefit Solutions
VIVA HMO
Medicare
Alabama Vital Statistics
Medicare GenerationRx

Keep more of the money you earn!

PEEHIP offers two flexible spending accounts (FSA) to all active employees - the Health Care and the Dependent Care Spending Accounts. Flexible spending accounts can provide you with a tax break on your regular, predictable out-of-pocket costs.

Here's how a flex account works - It's easy as 1, 2, 3:

You contribute pre-taxed dollars into your flex account via payroll deduction.
You submit eligible expenses for reimbursement throughout the year.
The money you paid out-of-pocket is reimbursed to you from your flex account.

To view a short, informative movie explaining Flexible Spending Accounts, click here then press the play button on the screen. We know that you will enjoy seeing the featured speakers and viewing this movie! Also, click here for the Flex FAQs.

New Effective October 1, 2012: PEEHIP Flex Debit Card

The chart shown below provides information about these flex spending accounts so that you can determine how the Flex program works and how participation in the flex program can benefit you. Click here to access the Flex Summary Plan Description publication.

	Health Care FSA (view the PEEHIP brochure)	Dependent Care FSA (view the PEEHIP brochure)
Enroll if you have:	Hospital, medical, dental, vision or prescription drug expenses not covered by your insurance	Expenses associated with the care of your children or other dependents, such as an elderly parent or disabled child or spouse, while you work or attend school full-time
Contribute this much each year:	Annual maximum of $5,000 Annual minimum of $120	Annual maximum of $5,000, or $2,500 if you and your spouse file income taxes separately Annual minimum of $120
Be reimbursed for these expenses:	Copayments and deductibles for prescription drugs, doctors visits, hospital stays and dental work Vision care Other eligible health care expenses as defined by the IRS	Licensed nursery school and day care facilities for children Child care in or outside of your home Day care for an elderly or disabled dependent
Tax Savings Calculator:	Click here to estimate your annual health care expenses and your income tax savings!	Click here to estimate your annual dependent care expenses and your income tax savings!
Use your flex account for expenses incurred between:	October 1 and December 15 (of the following year)	October 1 and September 30
Use your flex account for expenses incurred between:	Be sure to incur your expenses by these deadlines so that you do not forfeit any unused money in your accounts
File your claims for reimbursement by:	January 15 (which is 105 days after the end of the plan year)	January 15 (which is 105 days after the end of the plan year)
File your claims for reimbursement by:	Be sure to file your claims for reimbursement by this deadline so that you do not forfeit any unused money in your accounts
View your flex account balances online:	Go to www.bcbsal.org/peehip1 Log in (i.e. enter your user id and password) Click the ‘Flex Spending Health Reimbursement’ link to view your Account Summary and Transaction History	Go to www.bcbsal.org/peehip1 Log in (i.e. enter your user id and password) Click the ‘Flex Spending Dependent Care Reimbursement’ link to view your Account Summary and Transaction History
Enroll in flex accounts during Flex Open Enrollment:	Flex Open Enrollment begins July 1 and ends September 30 Flex accounts are effective October 1 through September 30 Reenrollment is required each year Click here to enroll online	Flex Open Enrollment begins July 1 and ends September 30 Flex accounts are effective October 1 through September 30 Reenrollment is required each year Click here to enroll online
View a tutorial on how to enroll online in the flex accounts:	Click here to view the tutorial video	Click here to view the tutorial video

PEEHIP's Flexible Spending Accounts are administered by Blue Cross Blue Shield of Alabama. For additional information about Flex accounts, go to www.bcbsal.org/peehip1 and click the link entitled "Preferred Blue Accounts (FSA & DCA)."

Untitled Document