American offers several different types of pre-tax spending accounts as a convenient way to help you lower your out-of-pocket expenses on eligible health and dependent care services.

Eligibility

You can choose from several types of spending accounts. Review your eligibility below.

AccountWho Is Eligible
Health Care FSAAll team members excluding those enrolled in the Core Option
Dependent Care FSAAll team members
HSAOnly team members enrolled in the Core Option
Limited Purpose FSAOnly team members enrolled in the Core Option

Information on Health Reimbursement Accounts (HRA) and Wellness Rewards can be found on the WebMD Wellness & Rewards page.

Account Types

With a Flexible Spending Account (FSA) or a Health Savings Account (HSA), you can set aside part of your income for medical, dental, vision, and prescription expenses for you and your dependents. You can also open a Dependent Care FSA (DCFSA), to help pay for child daycare, after school programs, elder care and more.

Select an option below to learn more:

HSA

Overview

An HSA allows you to contribute part of your paycheck on a pre-tax basis to pay for eligible health care expenses throughout the year. You can change the amount you contribute throughout the year (except during the last 60 days of the year), and your funds will never expire. You keep your HSA account even if you leave American, and can even invest your funds and earn interest. Plus, once you reach retirement age you can withdraw funds for non-health related expenses, without penalty, but subject to normal income tax.

Rollover

Funds never expire, even if you leave American.

Eligible Expenses

Eligible expenses include medical, dental, prescription, and vision.

2018 Maximum Annual Contributions*

Team Member                          $3450

Team Member + Spouse        $6850

Team Member + Child(ren)  $6850

Family                                        $6850

*You can contribute an additional $1000 annually if you are over age 55.  Any earned wellness rewards will count toward your maximum annual contribution. 

How Do I Use My HSA?

When you enroll in the Core option you will be given the opportunity to enroll in an HSA on the Benefits Service Center. After you set up your account you will receive the “Your Spending Account” (YSA) debit card, which you can use to spend any HSA funds and wellness rewards. You can submit manual claims, check your balance, and manage your account on the Benefits Service Center. You can also file claims using the YSA Reimburse Me App by downloading it on your mobile device from the Apple App Store or the Google Play Store.

 

What Else Should I Know?

Some expenses may require additional documentation to be submitted through the Benefits Service Center, so be sure to save all of your receipts.

If you use your HSA to pay for an expense that is not eligible, the expense will be subject to taxes plus a penalty.

You can find all the details on Health Savings Accounts on the Plan Guides page.

 

 

Health Care FSA

Overview

A Health Care FSA allows you to contribute part of your paycheck on a pre-tax basis to pay for eligible health care expenses throughout the year. The total annual amount you elect will be available to use from January 1 through December 31. Up to $500 of any remaining funds will rollover to the next plan year, the rest will be forfeited.

Contribution Limits

Up to $2600

Rollover

Up to $500

How Do I Use My Health Care FSA?

After you set up your account you will receive the “Your Spending Account” (YSA) debit card, which you can use to spend your FSA funds and wellness rewards. You can submit manual claims, check your balance, and manage your account on the Benefits Service Center. You can also file claims using the YSA Reimburse Me App by downloading it on your mobile device from the Apple App Store or the Google Play Store.

Should I Get a Health Care FSA?

If you pay taxes, like saving money, and expect to have healthcare costs this year, the answer is probably yes. Since FSA contributions are tax free, setting one up is an easy way to give yourself a raise. Just be sure to estimate your expenses carefully, since only $500 will rollover to the next plan year.

What Else Should I Know?

Some expenses will require additional documentation to be submitted through the Benefits Service Center, so be sure to hang on to all of your receipts.

/benefits-information/benefits/plan-guides/Should you leave American, you will only be able to receive reimbursement for claims incurred up to your last day of employment, unless you continue coverage under COBRA.

You can find all the details on Health Care Flexible Spending Accounts on the Plan Guides page.

Dependent Care FSA

Overview

The DCFSA allows you to set aside money on a pre-tax basis to help pay for eligible day care expenses for your eligible adult and child dependents (up to age 13).

Contribution Limits

Up to $5000 per family.

Rollover

None. You have until March 15 of the following year to incur expenses and until June 15 to submit those expenses.

Eligible Expenses

Eligible expenses include care for qualified dependent children under age 13 or an adult incapable of self-care.

Most work-related care services for your dependent children under the age of 13 or other dependents who are unable to care for themselves will qualify. Examples include day care, afterschool care, summer day camps, preschool, and elder care. Ensure your planned care is covered before setting up your account. Click here to view covered expenses.

How Do I Use My Dependent Care FSA?

You can submit claims, check your balance, and manage your account on the Benefits Service Center. You can also file claims using the “Your Spending Account” (YSA) Reimburse Me App by downloading it on your mobile device from the Apple App Store or the Google Play Store. The Dependent Care e-Signature feature of the Reimburse Me Mobile App allows you to display your claim form on the go, and even have your dependent care provider sign it directly on the screen of your phone.

Should I Get a Dependent Care FSA?

If you expect significant eligible dependent care expenses next year, a Dependent Care FSA is a great way to help cover costs. Alternatively, you may choose to claim these expenses for a dependent-care credit when you file your taxes, which could potentially save you more depending on the number of dependents and your tax bracket.

What Else Should I Know?

Some expenses will require additional documentation to be submitted through the Benefits Service Center, so be sure to save all your receipts.

Should you leave American, you will only be able to receive reimbursement for claims incurred up to your last day of employment. DCFSAs are not eligible for COBRA.

You can find all the details on Dependent Care Flexible Spending Accounts in the Summary Plan Description on the Plan Guides page.

 

Limited Purpose FSA

Overview

An LPFSA allows you to contribute part of your paycheck on a pre-tax basis to pay for eligible dental and vision expenses throughout the year. Eligible expenses are qualified dental and vision expenses only. The total annual amount you elect will be available to use from January 1 through December 31. Up to $500 of any remaining funds will rollover to the next plan year, the rest will be forfeited.

Contribution Limits

Up to $2600

Rollover

Up to $500

Eligible Expenses

Eligible expenses are qualified dental and vision expenses only.

Should I Get A Limited Purpose FSA?

Since you’re eligible to enroll in an HSA and the many tax advantages that come with it, take careful consideration before enrolling in a Limited Purpose FSA.  Only enroll in a Limited Purpose FSA if you know you will have significant dental and vision expenses beyond what you will be able to cover with your HSA.

How Do I Use My Limited Purpose FSA?

After you set up your account you will receive the “Your Spending Account” (YSA) debit card, which you can use to spend your FSA funds and wellness rewards. You can submit manual claims, check your balance and manage your account on the Benefits Service Center. You can also file claims using the YSA Reimburse Me App by downloading it on your mobile device from the Apple App Store or the Google Play Store.

What Else Should I Know?

You cannot use both your Limited Purpose FSA and your HSA together to pay for the same expense. Some expenses will require additional documentation to be submitted through the Benefits Service Center, so be sure to save all your receipts.

Should you leave American, you will only be able to receive FSA reimbursement for claims incurred up to your last day of employment, unless you continue coverage under COBRA.

You can find all the details on Limited Purpose Flexible Spending Accounts on the Plan Guides page.

YSA Reimburse Me App

Apple App Store |  Google Play Store

Save time by managing your spending accounts with this app anywhere, anytime! The YSA Reimburse Me App goes where you go, whether to simply check your balance at work or submit your claim at the doctor’s office. The app also allows you to take important actions wherever you are, such as submitting claims to get reimbursed, taking a photo of your receipt to submit with a claim, paying bills, contributing to your account, recovering over payments, and more!