SPENDING ACCOUNTS

BridgePoint provides the opportunity to participate in the following spending accounts. Since the funds are pre-tax, every dollar you contribute earns you more in tax savings!

The Medical Flexible Spending Account (FSA) and the Dependent Care Account (DCA) are administered by CareFlex.

FLEXIBLE SPENDING ACCOUNT OPTIONS

MEDICAL FLEXIBLE SPENDING ACCOUNT (FSA)

This account may be used to pay for eligible healthcare expenses incurred by you or your family members, that are not reimbursed by any other source. Eligible health care expenses include but are not limited to, plan deductibles, copays, coinsurance, and certain vision, hearing, and orthodontia care expenses. The full FSA election amount (up to $3,300) is available as of the FSA effective date. You are also able to purchase eligible items online; please visit the FSA Store: https://fsastore.com.

DEPENDENT CARE ACCOUNT (DCA)

If you have a child (under the age of 13) or a disabled loved one, you might rely on services like daycare or home aide to be able to go to work. Lessen the financial burden by enrolling in this account. Eligible expenses include daycare, babysitting, and before and after-school programs. You are able to elect up $5,000. Please note this is a use-it-or-lose-it election, which means you will forfeit any unused funds remaining in your account when the next plan year begins on August 1, 2026.

What to Expect When You Use Your CareFlex Card

To ensure all CareFlex Benefits Card payments meet plan and IRS eligibility requirements, a review of your transactions is necessary. For a better understanding of what to expect when you use your CareFlex Card, please click the button below:

Using Your CareFlex Benefits Card

Submitting Documentation for Eligible Purchases

After swiping your CareFlex Benefit Card, you may be required to submit supporting documentation before the card transaction can be approved. To learn how to submit documentation and resolve pending transactions, please click the button below:

Submitting Documentation
CareFlex Portal

How does a Spending Account save you money?

Here’s an example of how a participant can increase their take-home pay by participating in a FSA:

Annual Income

Unreimbursed Expenses

Annual FSA Contribution

Taxable Salary

Tax Deduction (est. 35%)

Net Take-Home Pay

ANNUAL SAVINGS

WITHOUT FSA

$40,000

$2,000

$-

$40,000

$14,000

$24,000

$0

WITH FSA

$40,000

$-

$2,000

$38,000

($13,300)

$24,700

$700

Life & Disability

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