Flexible Spending Account

Flexible Spending Account

BPU is excited to offer a Flexible Spending Account (FSA) to all enrolled employees and their eligible dependents through Navia Benefit Solutions. An FSA allows you to set aside money out of your paycheck on a pretax basis to pay for out-of-pocket health care costs such as medical, dental, vision and prescription. Remember, FSAs operate on a “use it or lose it” principle. Funds contributed to an FSA must be used within the plan year.

Maintaining good oral hygiene is paramount to your overall health and wellness. That is why BPU has partnered with BlueKC to provide our full-time employees with affordable dental coverage.

How to Submit an FSA Claim:

Navia makes submitting your claims as easy as possible. You can use one of the following methods:

  • MyNavia App – An easy-to-use mobile app that gives you real-time access on the go. Available for both Apple and Android devices
  • FlexConnect – Simple online auto-claim preparation tool for HCFSA Online Submission – Log into your account at www.naviabenefits.com
  • Paper Claim Form – Mail, fax or email your claim and documentation to us

Eligibility

Full-time employees are eligible to participate in an FSA. New employees have 30 days from their start date to enroll in an FSA. Current employees can enroll during open enrollment.

Essential Tips for Maximizing Your Flexible Spending Account (FSA)

Understanding Eligible Expenses

Know what expenses qualify for FSA reimbursement, such as co-pays, prescription medications, medical devices, and some over-the-counter items. Check the IRS list for specifics.

Educate Yourself on Special Circumstances

Be aware of events like employment or family status changes that might affect your FSA. Understand how these can impact your contribution limits and eligibility for certain expenses.

Understand Reimbursement Process

Familiarize yourself with your Navia’s reimbursement process (see section above), including how to submit claims, required documentation, and typical turnaround times.

Plan Your Contributions Wisely

Estimate your annual healthcare expenses to determine your contributions. Avoid over-contributing to prevent forfeiting unused funds due to the “use-it-or-lose-it” policy.

Monitor Account Balance Regularly

Keep an eye on your FSA balance throughout the year to ensure efficient use of funds and avoid last-minute spending.

Keep Track of Deadlines

Be aware of your plan’s deadlines for incurring expenses and submitting claims. 

Save All Receipts

Retain receipts and documentation for all FSA-eligible purchases to substantiate claims and avoid reimbursement issues.

Essential Tips for Maximizing Your Flexible Spending Account (FSA)

Understanding Eligible Expenses

Know what expenses qualify for FSA reimbursement, such as co-pays, prescription medications, medical devices, and some over-the-counter items. Check the IRS list for specifics.

Plan Your Contributions Wisely

Estimate your annual healthcare expenses to determine your contributions. Avoid over-contributing to prevent forfeiting unused funds due to the “use-it-or-lose-it” policy.

Keep Track of Deadlines

Be aware of your plan’s deadlines for incurring expenses and submitting claims. 

Save All Receipts

Retain receipts and documentation for all FSA-eligible purchases to substantiate claims and avoid reimbursement issues.

Monitor Account Balance Regularly

Keep an eye on your FSA balance throughout the year to ensure efficient use of funds and avoid last-minute spending.

Understand Reimbursement Process

Familiarize yourself with your Navia’s reimbursement process (see section above), including how to submit claims, required documentation, and typical turnaround times.

Educate Yourself on Special Circumstances

Be aware of events like employment or family status changes that might affect your FSA. Understand how these can impact your contribution limits and eligibility for certain expenses.