How to use your flexible spending account

January 06, 2020

The Board of Pensions offers healthcare and dependent care flexible spending accounts through Further, our spending account administrator. Learn how to get the most from your flexible spending account next year.

If you signed up for a healthcare or dependent care flexible spending account (FSA) for 2020, you may be familiar with the tax advantages, but are you ready to get the most out of your account? Here are a few things to keep in mind as you use your FSA in the new year.

Healthcare FSAs

  • Pay eligible expenses with tax-free dollars. Use your account to pay for medical and dental deductibles and copayments; prescription drugs; vision expenses; certain over-the-counter medical supplies, and orthodontia. Refer to the list of eligible expenses on the Further/Board of Pensions Learning Site at
  • Use it right away. You can access your full account election on day one of the new year to pay for qualified medical expenses.
  • Don’t forget your debit card. Use your Visa debit card from Further at doctor’s offices, pharmacies, hospitals, and other providers that accept Visa. Or, write your card number on bills you receive afterward or call your healthcare provider’s office with the Visa card number.
  • Download the app. Don’t forget to load the Further app on your mobile device. You can use it to submit receipts, check reimbursements, and pay bills. You can even scan a barcode while you’re shopping to see if the product’s cost is reimbursable through your FSA. Learn more about the app and how to download it.

Dependent care FSAs

  • Use tax-free dollars to pay eligible expenses. Lower your taxable income by using pretax money to pay for child and elder care costs necessary for you to work or go to school. Use the account to reimburse expenses that you would normally pay for anyway and take advantage of the tax savings under IRS rules.
  • Know what’s eligible. Eligible expenses include costs for day care, preschool, after-school programs, and elder care. Many people don’t realize that expenses for summer day camp, nannies, babysitters, and other day care may also be reimbursable.

Save your receipts and explanation of benefits statements to verify your expenses. It’s required by the IRS, and, depending on the expense, Further may ask for documentation.

Learn more about using the healthcare and dependent care FSAs offered by the Board in partnership with Further. Be sure to take full advantage of the Further/Board of Pensions Learning Site at, where you can find information and resources for managing your account.