The Basics
Flexible Spending Accounts (FSAs) are a convenient way to budget and pay anticipated expenses pre-tax.
Use-It-or-Lose-It Rule
Don’t forget to spend your FSA dollars. If you have not used all of your FSA dollars before the end of the plan year (December 31) or the date you are no longer eligible for the Plan/ leave Bloomin’ Brands, whichever comes first, you will forfeit any money left in your account. All claims incurred during the time you are eligible in that calendar year must be submitted for reimbursement no later than March 31. For example, if you were eligible for the entire year, January 1 – December 31, 2022, you would have until March 31, 2023 to make sure you have submitted to Wex all 2022 claims for reimbursement.
There are two types of FSAs — the Health Care FSA for eligible health care expenses for you and your dependents, and the Dependent Care FSA for eligible dependent day care expenses.
Learn more about the Health Care FSA
Learn more about the Dependent Care FSA
Benefits Debit Card
Use your Wex Benefits debit card to pay for eligible services and products. Payments are automatically withdrawn from your account, so there are fewer out-of-pocket costs, and no waiting for reimbursement.
For more details, view the Guide to the Debit Card.
Out-of-pocket reimbursement
Submit a request for reimbursement for out-of-pocket expenses where your Wex Benefits debit card was not used. For more details, view the Out-of-Pocket Reimbursement Request Form.
Submit documentation
To show that expenses incurred are eligible, the IRS requires certain purchases made with an FSA be substantiated. Not every claim will require substantiation. Review Wex’s Employee FSA Guide for details on what purchases require documentation, and how to submit.
In addition to more traditional claim submission options (mail and fax), you can enter your claim online and via the Wex Discovery Benefits mobile app available on the App Store or on Google Play.
Be sure to provide substantiation to Wex for any claims you submit to them or use your FSA debit card throughout the year to prove your claim was an eligible expense as defined by the IRS. If you do not provide substantiation, Bloomin’ Brands will be required to deduct the unsubstantiated claim amount from a future paycheck on a post-tax basis.
If you enroll in a Health Savings (HSA) Plan, the Health Care FSA is not available to you. Instead, you can contribute to your Health Savings Account (HSA).
