Flexible Spending Account


You can save money on Healthcare and Dependent Care costs by enrolling in a Flexible Spending Account (FSA)!


What is an FSA?

  • A team member benefit that saves you money on eligible healthcare and daycare expenses for you and your family.
  • An account where you contribute money from your paycheck BEFORE taxes,incur eligible expenses and get reimbursed.
  • A great way to LOWER YOUR TAXES and SAVE MONEY!

Two types of FSAs

  • The Healthcare FSA is used to pay for eligible out-of-pocket medical expenses not paid by insurance.
  • The Dependent Care FSA is used to pay for eligible child or elder care expenses including daycare, before/after-school care and summer day camp.

FSA Eligible Expenses List

Listed below is the link to the FSA store with the FSA – Flexible Spending eligible expenses list. For an questions regarding the eligible FSA expenses should be direct to Lifetime Benefit Solutions customer service department at 1-800-327-7130 or www.lifetimebenefitsolutions.com/participants/fsa/.


How will an FSA save me money?

You pay less in taxes. Here’s an example:

Annual Savings With FSA Without FSA
Annual Pay $50,000 $50,000
FSA pre-tax contribution $2,000 $0
Taxable Income $48,000 $50,000
Federal income, Social Security/Medicare taxes ($10,837) ($11,450)
After tax dollars spent on eligible expenses $0 $2,000
Real spendable income $37,163 $36,550
Savings with an FSA $613 $0

Sample 2012 tax savings for a single taxpayer with no dependents. Actual savings will vary based on your individual tax situation. Please consult a tax professional for more information.


Should I enroll?

If any of the following apply to you or eligible family members, enrolling in an FSA can save you money:

Healthcare
  • Have copays, deductibles or coinsurance for medical, dental or vision plans?
  • Purchase prescription medications?
  • Wear glasses or contacts, or plan on having laser eye surgery?
  • Receive orthodontia treatments, such as braces

Note: Over-the-counter medications (except insulin) are NOT eligible for reimbursement unless the medication is prescribed and filled at a pharmacy.


How do I login to my account online?

Online Portal


How to submit a Flexible Spending Claim with Lifetime Benefit Solutions (LBS)?

If you should have questions on your claims, please contact Lifetime Benefit Solutions Claims Department for questions about your current Flexible Spending Plan at 1-800-327-7130 or visit them at www.lifetimebenefitsolutions.com/participants/fsa/. Also if you wish to submit your claims to LBS you can either fax, mail, email, website or through their Mobil App. Please visit LBS’s website to learn more on how to submit your claims!

Contact Us
Claims Department
PO Box 680
Liverpool, NY 13088
Phone: 800-327-7130
Fax: 877-256-7228
Email: lbs.customerservice@lifetimebenefitsolutions.com


Flexible Spending Account Forms


To find out more, please visit the Benefits Office located on the second floor of the Turning Stone, or call 315-356-1800. Office hours are Monday – Friday, 8:30am – 5:00pm.