Flexible Spending Account

An FSA allows you to provide a highly valued employee benefit at little or no cost. Employees fund their accounts through payroll deduction, offering you a reduction in payroll tax. BB&T provides the following services through SHDR, a division of BB&T:

• Plan design and enrollment assistance
• Benefit communication, including participant video
• Claims payment and administration
• Compliance and government filings
• Online account management

As a pretax benefit, an FSA allows employees to save up to 40% on eligible out-of-pocket health care and dependent care costs. Eligible expenses are easily paid using a prepaid FSA debit card. Online account access makes plan management simple.

• Savings on health care and dependent care costs
• Fewer claims to file with FSA debit card
• Auto-substantiation of eligible expenses at participating merchants
• Online account management

Plans sponsors and participants have 24/7 access to account information and educational material online.

Sponsor Access

• Enroll new participants
• Update employee addresses and other personal information
• View consolidated accounts
• Generate reports
• Find answers to common employee questions

Participant Access

• Check balance and personal information
• Submit claims and check claims status
• Review lists of eligible expenses
• Find participating pharmacies and other merchants
• Get answers to common questions
• Use tools and calculators