BlueSaver FSAs (Flexible Spending Accounts) are personal accounts which are typically funded by members, but can also be funded by the group. FSAs can reduce a group’s exposure to certain federal and state income taxes. Groups lower their FICA taxes because participation reduces members’ taxable income base. At the same time, members benefit from FSAs by using pre-tax income to pay for eligible medical and/or dependent care expenses. FSA funds must be spent on eligible expenses during the plan year. If the FSA account is not fully depleted, the balance is forfeited at the end of the plan year. FSAs are not portable to another group and have annual re-election and expiration requirements.

Get more detailed information, including available plan options, funding options, and additional benefits.

Download a brochure, Why Offer a BlueSaver FSA?

Contact Us

If you are an existing customer, contact your broker or call 215-241-3400.

If you are not currently an IBC customer, please complete an online information request, or call:

• 215-241-0133 — Groups with 100–999 benefit-eligible employees
• 610-238-6572 — Groups with 1,000+ benefit-eligible employees

* FSAs are administered by AmeriHealth Administrators.

** The Bancorp Bank of Wilmington, DE is a federally qualified bank offering HSA trustee services. It is not affiliated with Independence Blue Cross.

For specific information on benefits, limitations, and exclusions, please refer to the applicable benefits materials.

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