Save over $900 a year on health expenses
We're Navia Benefit Solutions and we administer the Healthcare FSA provided to you by your company. This toolkit will help you understand what a healthcare FSA is, how it works, and the many ways you can save money by participating. It also offers tips and tools for understanding your healthcare finances and becoming a more aware healthcare consumer.
A Healthcare FSA is a personal expense account that works with your employer's health plan, allowing you to set aside a portion of your salary pre-tax to pay for qualified medical expenses.
Many ways to use your dollars
Use it for eligible medical, dental, vision, feminine products, over-the-counter and prescription drugs. In fact, there are more than 38,000 ways you can use your FSA funds.
Family coverage
It covers you, your spouse, and eligible dependents!
Easy to use
Pay using your Navia debit card or by submitting a claim online or on the Navia mobile app.
Maximum Contribution
IMPORTANT! The contribution limit for the FY2026 plan year is $3,300 per year. The funds in the account must be used during the plan year, but they are available to you immediately.
An FSA helps you pay for things you likely already pay for, but now you get to do it tax free.
There are thousands of eligible expenses for tax-free purchases with your FSA funds, including prescriptions, over-the-counter drugs, feminine products like tampons, doctor’s office copays, health insurance deductibles, and even things like band-aids and first aid kits.
Over-the-counter(OTC)Medications
Onaverage,U.S.householdsspend$338/yearonOTC productslikelikeTylenol®,Zyrtec®,andcoldmedicine. With anFSA,yousave$100eachyearonthosepurchases.
FeminineCareProducts
Theaveragewomanspends$300/yearonfemininecare products.WithanFSA,youwouldsave$90eachyear.
Personal Protective Equipment (PPE)
Masks, hand sanitizer and sanitizing wipes that are purchased to prevent the spread of COVID-19 are now eligible expenses.
Federal and Medicare taxes lower your take-home pay by 30% or more, leaving the remaining 70% for your living expenses. When you use an FSA, you set aside money before it is taxed, so you spend the entire 100% of your earned income. This means you save 30% on your out-of-pocket healthcare expenses when you use your FSA. It's like free money!
EXAMPLE: Tanner has worn contacts since she was in college and every year it costs her around $1000 to buy her contacts. Most of the time she doesn't have $1000 to spend up front, so she has to buy the contacts in spurts, a couple boxes every month. With her Healthcare FSA, Tanner purchases her contacts and saves $300 due to her tax-free savings of 30%. Best of all, she can buy a year's worth of contacts all at once because her FSA funds are available immediately and in full.
Estimate your annual election
During your open enrollment use an FSA calculator to estimate your expenses for the plan year and come up with how much your annual election should be.
Your annual election amount will be evenly deducted pre-tax from your paycheck throughout the plan year. You cannot change your annual election amount after the plan start unless you have a qualified change in status.
Once you are enrolled, you have access to your funds immediately. Claims can be submitted online or through Navia's mobile application.
Claims can be submitted online or through Navia's mobile app. Some Navia plans also offer a debit card, which is your fastest way to pay and avoid a claim.
Just swipe your Navia Benefit Card to pay for eligible healthcare expenses. Funds come directly out of your FSA and are paid to the provider. Some swipes require us to verify the expense, so hang on to your receipts! If we need to see it, we will send you a notification. Learn more.
IMPORTANT! You can also submit claims through Navia's online portal, mobile app, email, fax, or mail. Claims are processed within a few days and reimbursements are issued according to your employer’s reimbursement schedule. Navia also offers it's unique FlexConnect tool where you can get reimbursed for all healthcare claims with one click! Learn more.
Save enough money to pay for three months of groceries or a gym membership for a year
If you’re like the average consumer, you normally spend $1400/year on out-of-pocket healthcare expenses (e.g. prescriptions, contacts, braces, and even products like BandAids). With an FSA, you only pay $980 for those same expenses—saving $420 (assuming a tax rate around 30%). If you elect the full $3300, you save over $900.
An FSA lets you set aside funds for preventative, routine, and unexpected care for not only you but also your family - making it easy to take care of health and wellness needs.
Don’t wait to get your son’s braces, new glasses, or that laser eye surgery you’ve always wanted
You have 12 months to spend your money, but the full amount is available to you immediately. IMPORTANT! This means you can take care of any pressing healthcare needs at the beginning of your plan year, even if you haven’t contributed anything to your account yet.
$1,400 MONTHS TO SPEND YOUR FSA MONEY 12-14.5
AVERAGE ANNUAL ELECTION
$900+
AMOUNT YOU SAVE. EQUIVALENT TO THREE MONTHS OF GROCERIES
There are 38,000 products and services you can pay for with tax-free FSA money
Spend your money on anything from medicines and hospital services to acupuncture and training a service dog. Here are just a few to give you an idea:
Over-the-counter drugs
Feminine products
Prescriptions
Copays & Coinsurance
Deductibles
Office Visits
Dental work
Orthodontia
Glasses & Contacts
Chiropractic
Massage
Acupuncture
Capital improvements to your home, such as ramps, railings and support bars
Mileage for travel to and from
healthcare appointments
Night guards
Bandages and other medical supplies
Birth control
Breast pumps
Breast reconstruction surgery
Childbirth classes
Eye surgery, including laser
eye surgery and Lasik
Fertility treatments and monitors
Flu shots
Hearing aids and batteries
Insulin
Lab fees
Physical therapy
Prescription sunglasses
Prosthesis
Psychologists and therapy
Stop-smoking programs
Sunscreen
Vaccinations and immunizations
Walking aids like canes, walkers and crutches
Weight-loss program (if it’s a treatment for a specific disease diagnosed by a physician)
Wheelchairs
X-rays
Nursing services
The Healthcare FSA is subject to the “Use-It or Lose-It” rule. This means that if you do not use all of your annual election within the plan year, the remaining funds are not refundable to you. Fortunately, very few participants forfeit money in an FSA, and the IRS has relaxed the rules in recent years to make it easier for FSA participants to avoid forfeiture.
The run-out period is how long you have to file a claim for medical costs incurred during the plan year and during the grace period following the plan year. Run-out period is 90 days after the end of the plan year.
The Carryover feature allows participants to roll over up to $660 from one plan year to the next. Any funds above the threshold would be forfeited.
If you plan on spending even a dollar outof-pocket for healthcare this year, a taxadvantaged benefit account will save you an average of 30% on every expense.
Enroll now!
In order to participate in your company's FSA program you will need to sign up during your open enrollment period. Even if you participated last year, you will still need to re-enroll during this year's open enrollment.
