What are they?
Flexible Spending Accounts are a way for Medical Plan members to be able to pay for medical expenses using pre-tax income. This means that monies set aside for FSAs are not taxed, which can lead to substantial savings. A participant's savings is dependent on the tax rate he or she is assessed by the IRS.

Brethen Medical Plan offers two Flexible Spending Accounts
The two types of Flexible Spending Accounts the Brethren Medical Plan offers include Medical Reimbursement Accounts (MRAs) and Dependent Care Accounts (DCAs).

Medical Reimbursement Accounts
MRAs are only available with BBT’s traditional health insurance plans. They enable members to set aside money for health-related expenses.

• Employee contributions are not taxed.
• Accounts do not earn interest.
• Account balances do not carry over from year to year and are forfeited if not used.
• The annual maximum contribution is $3,500.
  
  

Dependent Care Accounts
DCAs are available with all BBT medical plans. They enable members to set aside money for qualified dependent care expenses.

• Employee contributions are not taxed.
• Accounts do not earn interest.
• Account balances do not carry over from year to year and are forfeited if not used.
• The annual maximum contribution is $5,000.