Flexible Spending Accounts
MSD partners with Benefit Strategies to offer Flexible Spending Accounts (FSA) to all eligible active employees. Payroll Deductions are taken pre-tax from your payroll check throughout the plan year and deposited into a designated account with Benefit Strategies to be used for eligible out of pocket expenses.
Click Here to find out more information about what a Flexible Spending Account is and how it works.
Health Care Reimbursement Account (Health FSA)
The Health FSA is for out of pocket medical, dental, vision, and hearing expenses incurred by the employee and the employee's qualifying eligible dependents.
Dependent Care Assistance Account (Dependent care FSA)
The Dependent Care FSA is for employee expenses related to the cost of dependent care while the employee is at work (if married, the spouse must be employed or attending school full time). Eligible dependents must be under the age of 13. Tax dependents age 13 and older are also eligible if they are physically or mentally incapable of self-care and reside in the employee’s home at least half the year.
Benefit Strategies Member Services can be reached at 1-888-401-3539