You may use a healthcare flexible spending account (FSA) (also referred to as a medical FSA) to pay for eligible medical, dental, and vision expenses that are not reimbursed by any healthcare plan.
If you have a flexible spending account (FSA) or health savings account (HSA) through Further, administration of your account is changing to HealthEquity, effective Jan. 1, 2025. Read more about this change.
Eligible expenses include deductibles, coinsurance, and copay amounts for doctor's office visits and prescription drugs, and other expenses, such as over-the counter drugs and medicines, feminine hygiene products, glasses, contact lens solution, and laser vision surgery. Refer to the Further/Board of Pensions Learning Site for a more complete summary of eligible healthcare expenses.
You may use your healthcare FSA to pay for eligible expenses incurred by
You don’t need to enroll your spouse and/or children in your medical coverage in order to pay their expenses from your healthcare FSA.
Important: The IRS has a
use or lose rule for FSAs. This means that, at year-end, you risk losing unused FSA funds. The Board of Pensions FSA has a rollover feature that lessens this risk by letting you carry forward to the next year the amount left in your account at year end (up to the IRS limit). Because of the use or lose rule, it is important to estimate expenses carefully each year you enroll in an FSA.
If you're enrolled in an FSA, you can manage your account through the Further secure member portal. To register and create a profile, you need your spending account identification (SAID) number, which is included in your welcome packet from Further. If you don’t have your SAID number, call Further’s Member Service line at 800-859-2144.
Once registered, you can log in to the site to manage your account:
The Further Visa debit card gives you instant access to your healthcare FSA dollars. Simply use your card when you want to pay for eligible expenses, such as deductibles, doctor’s office visit copays or coinsurance, prescription drugs, and eligible over-the-counter medications.
If you participate in the healthcare FSA, you will receive a debit card in the mail after you sign up for an account.
The Further mobile app, available free from the Apple App store or Google Play Store, provides tools to help manage your account on the go, from submitting receipts to checking on reimbursements or paying a bill. There’s even a tool that lets you scan a product’s barcode — while you’re shopping — to see if it’s an eligible expense.
Before downloading the app, you need to register online at the Further secure member portal; then use the username and password you created for the member portal to log in to the app.