Benefit Management Administrators – BMA
By participating in the FSA plan, your group may offer a Debit MasterCard®. The debit card can be used right away for medical expenses. Simply pay for your medical expenses at the point of sale with your card. You will not be paying out-of-pocket; …
No. A Healthcare FSA is set up to help you pay healthcare expenses for you and your dependents. A Dependent Care FSA is to help you pay for childcare and elder care expenses so you can continue to work.
FSA Member’s can view their current account balance, detailed claims history, and report lost or stolen cards online 24 hours a day, by logging in here. If you are unsure how to log into your account, Click Here to contact the BMA Customer Service Team …
File a claim via BMA’s FSA Mobile App Download the BMA FSA Mobile App via Google Play & App Store Search BMA FSA Sign in or Register, enter your username & Password and follow these three steps: Step 1: Select Claims and click the Addition Sign, located …
Traditionally, you would make a purchase for a medical expense and pay out of pocket, fill out a claim form, and submit that to your administrator along with the itemized receipt. Once the claim is approved, they would cut a check from …
Annual contribution may not exceed $2,750 per year, as determined by the IRS. A different limit may apply to you according to your employer’s plan, refer to your plan document for specific limit amounts. Take a look at last year’s …
Yes. Our FSA Mobile App is available on both Google Play and the App Store. To download the BMA FSA Mobile App via Google Play or App Store Search BMA FSA or click the logos below
You can use an FSA plan to pay for eligible health plan co-pays, deductibles, co-insurance, eyeglasses, dental care, and certain medical supplies, as outlined in your plan document. For additional information see IRS Publication 502. You can shop a full list …
A Letter of Medical Necessity is a letter written by your doctor, verifying that the treatment, supplies or medication you are buying with your Healthcare FSA is for a diagnosis, treatment, or prevention of a disease. This letter is required …
You can use an FSA plan to pay for eligible health plan co-pays, deductibles, co-insurance, eyeglasses, dental care, and certain medical supplies, as outlined in your plan document. For additional information see IRS Publication 502. You can also shop a full …
Your annual election will be divided by the number of pay periods in your plan year. This amount will be deducted from your paycheck before taxes are assessed.
Contributions to the FSA are deducted from your paycheck on a pre-tax basis, reducing your taxable income. You can increase your spendable income by an average of 30% of your annual contribution with the tax savings.
A healthcare flexible spending account (FSA) is an employer-sponsored benefit that allows you to set aside pre-tax dollars into an account to be used for eligible medical, dental and vision expenses for you, your spouse, and your eligible dependents.
