1 Overview of Flexible Spending Accounts for School of Medicine House Staff House officers can save money on eligible health care and dependent care expenses when they use the JHU flexible spending accounts. House officers can contribute up to $2,500 a year on a pre tax basis to pay for eligible health care expenses and up to $5,000 a year ($2,500 if married and you and your spouse file separate tax returns) on a pre tax basis to pay for eligible dependent care expenses. Remember to plan carefully if you do, you ll be able to maximize your tax savings without forfeiting any unused funds that remain in your account. Flexible spending accounts (FSAs) offer a way to help save money on your eligible out of pocket health care and dependent care expenses. How? By letting you pay for these eligible expenses with tax free dollars. Here s a quick summary of how the flexible spending accounts work: You choose how much you want to contribute to each account for the calendar year Your contributions are taken out of your pay on a pre tax basis (for federal and Maryland tax purposes) During the year, you may draw money from your flexible spending account using a WageWorks reimbursement card (health care expenses only), the Pay My Provider service, online bill pay or traditional claims reimbursement to pay eligible expenses with your tax free dollars. With savings of up to 35% or even more (depending on your tax bracket), when you use the spending account to be reimbursed for eligible expenses, it s like buying these items and services on sale. JHU offers two flexible spending accounts: Health Care Flexible Spending Account Dependent Care Flexible Spending Account Estimate expenses carefully federal law requires that you forfeit money you set aside but don t use; money cannot be transferred between accounts. The deadline for filing claims for expenses incurred during the calendar year is April 30 of the following year. If you are an active participant on December 31, you may be reimbursed under that year s account for eligible claims incurred through December 31. How the FSAs Work 1. Enroll When you first become eligible, or during the open enrollment period, you decide whether to participate and, if so, how much money you want to contribute for the coming year. You may participate in one account or both accounts and you may elect not to participate in either. Carefully estimate expenses for the year before you decide how much to contribute. Throughout the year, JHU deducts contributions from your pay in equal amounts each pay period before Social Security, federal and Maryland income taxes are deducted. 2. Pay Your Expenses When you pay an eligible expense, save your receipt, regardless of whether you are using a WageWorks reimbursement card (issued to you when you enroll in a Health Care Flexible Account), the Pay My Provider service, online bill payment or traditional claims reimbursement. 3. File Claims File a claim to be reimbursed for your out of pocket expenses not paid using your WageWorks reimbursement card or Pay My Provider service. Expenses paid with the WageWorks reimbursement card and using Pay My Provider are paid directly from your flexible spending account. 4. Receive Tax Free Reimbursement For claims reimbursements paid to you, once your claim is approved, you may have a check mailed to you or you may elect direct deposit of your spending account reimbursements into your checking or savings account. These reimbursements are tax free to you.
2 Election Applies for Calendar Year When you elect to participate in the Health Care and/or Dependent Care FSA, your election applies to the calendar year. If you make your election during annual enrollment in the fall, your election is effective for the upcoming calendar year. If you are a new hire or making a change to your election because of a life event, your election is effective for the current calendar year only. Changes during the year may be allowed only if you experience certain qualifying events provided application is made within 30 days of the qualifying event. Qualified life events in your family or enrollment status can include: Marriage Birth or adoption of a child Start or loss of your spouse/same sex domestic partner s employment Change in employment status (for you or your spouse/same sex domestic partner) from part time to full time or from full time to part time) Divorce or termination of same sex domestic partnership Death of your spouse/same sex domestic partner or other dependent Please note that you may not make a mid year election under the Health Care Flexible Spending Account in response to a change in cost or coverage. Estimate Carefully You will want to carefully estimate the expenses you expect to claim through each flexible spending account for the calendar year; you will forfeit any money you contribute to a flexible spending account but don t use for eligible expenses. You must enroll for the flexible spending accounts during annual enrollment, even if you participated in the prior year. That is, you must make new elections to your flexible spending accounts each annual enrollment, even if you want the same elections you made the prior year. Additional IRS rules require you to: Keep the money you contribute to each account separate. You cannot transfer money between the Health Care and Dependent Care Flexible Spending Accounts or use amounts contributed to one account to pay for expenses reimbursable through the other account. Make one election for the year. Once you enroll, your decisions generally remain fixed until the next calendar year. However, you may make changes within 30 days of certain qualifying events. Choose to continue or stop Health Care FSA contributions while on Family and Medical Leave. If you take Family and Medical Leave, you may stop your Health Care FSA contributions upon your leave (or you may continue to make contributions on an after tax basis, if necessary). If you return from unpaid leave and did not make Health Care FSA contributions during your leave, you must reenroll to participate in the Health Care FSA; return from unpaid leave is a Qualified Life Event. (Participation in the Dependent Care FSA stops while you are on Family and Medical Leave but you may elect to re enroll upon your return to work.) Provide information with your claims. Review how to file for reimbursement for the Health Care Flexible Spending Account and Dependent Care Flexible Spending Account. Note: Employees who are called to perform active military service for more than 179 days will be able to get their unused Health Care FSA balances as a taxable cash distribution before the plan year ends. Contact the benefits desk in the School of Medicine Registrar s Office for more information.
3 Health Care Flexible Spending Account How Much You Can Contribute You may contribute up to $2,500 each year to a Health Care Flexible Spending Account. The amount you elect will be deducted in equal contributions from your paycheck during the year. Eligible Health Care Expenses Generally, any health care expense considered by the IRS as an expense for medical care is eligible for reimbursement from your Health Care Flexible Spending Account, provided the expense is not reimbursed from any other source. This includes health care expenses for anyone you claim as a dependent on your tax return, regardless of whether that dependent is covered under the Student Health Program. Note: Same sex domestic partners and children of same sex domestic partners are covered under both medical and dental plans. But, under federal tax law, neither the Dependent Care Flexible Spending Account nor the Health Care Flexible Spending Account may be used for expenses of same sex domestic partners or the children of same sex domestic partners unless they qualify as your eligible dependent under the specific federal tax law definitions that apply to Dependent Care and Health Care Flexible Spending Accounts. In addition to deductibles and copayments, following is a partial list of medical expenses that are generally eligible for reimbursement from your Health Care Flexible Spending Account (according to current IRS guidelines, which are subject to change). Examples of expenses eligible for health care flexible spending accounts: Acupuncture Alcoholism treatment Artificial teeth Birth control pills Braces Chiropractors Coinsurance amounts you pay Contact lenses and solution Cost of operations and related treatments Crutches Deductible amounts you pay Dental fees Dentures Diagnostic fees Prescribed drugs and medicines Eyeglasses, including examination fees Eye surgery, including Laser Correction Eye Surgery Fees for a practical nurse Handicapped persons special schools Hearing devices and batteries Home improvements for medical considerations Hospital bills Hypnosis for treatment of an illness Insulin Laboratory fees Learning disability Life fee to retirement home for medical care Medical charges if they are a part of college or private school tuition fees Nursing home Orthopedic shoes Over the counter medications only if prescribed Oxygen Physicians fees Psychiatric care Psychologists fees Smoking cessation programs (when under doctor supervision and with prescribed medication) Special plumbing for the handicapped Sterilization fees Surgical fees Therapeutic care for drug and alcohol addiction Therapy treatments Transplants Transportation expenses primarily for rendering medical service Weight loss programs Wheelchairs X rays Only those medicines and drugs obtained by prescription will be reimbursable from a Health Care FSA. The only exception is insulin, which is reimbursed without a prescription.
4 For more information about eligible and ineligible expenses, refer to IRS Publication 502 Medical and Dental Expenses, or contact your tax adviser. You also may call the IRS at or visit their Web site at pdf/p502.pdf. (Of course, no expenses can be reimbursed that are not eligible for reimbursement under IRS rules at the time of reimbursement.) Filing for Reimbursement WageWorks Reimbursement Card If you elect to participate in a health care flexible spending account, you are automatically issued a WageWorks reimbursement card to use when paying for eligible expenses. The WageWorks reimbursement card will be accepted the same as a debit card at doctors offices, medical facilities, hospitals and qualified merchants or merchants certified by the Inventory Information Approval System (IIAS). The WageWorks reimbursement card allows you to pay for eligible health care products directly from your flexible spending account. If the merchant is not qualified (by selling greater than 90% flexible spending account eligible items) or IIAS certified, the reimbursement card cannot be used at that location. You will need to pay for the expenses and submit a Pay Me Back Claim Form for reimbursement. When you activate your reimbursement card online with WageWorks, update your address in the contact information box since all WageWorks communication to participants is by . If you would prefer to receive paper statements, you can elect to do so at any time by logging in, selecting the FSA, and then choosing View Account Statement. Guidelines you should follow to minimize problems with using your reimbursement card: Keep your receipts. The IRS has rules about how your reimbursement card can be used; the plan administrator, WageWorks, may ask you to provide copies of your receipts to substantiate your purchase. In all cases, be prepared to submit a photocopy of your receipts. Buy from qualified or IIAS certified merchants. When using your WageWorks reimbursement card at IIAScertified merchants, you will not be required to submit receipts to WageWorks. If you purchase items from merchants that are NOT IIAS certified, you will be required to provide additional documentation, including a description of the expense, date, amount, and a receipt. A list of the certified merchants can be found at is.org (click on SIGIS Merchant List under Publications). Use the card only for qualified medical expenses. Use the card whenever you make eligible purchases at an IIAS certified merchant. The store s system checking inventory control compares the stock keeping units (SKU) number for your entire purchase against the SKUs from a list of items that qualify as medical expenses. If you purchase items that qualify as medical expenses at the same time you purchase items that do not qualify as medical expenses, you will be asked for additional payment to purchase the remaining non medical items. Examples of expenses not eligible for health care flexible spending accounts: Childbirth preparation classes for coach Cosmetic dentistry Cosmetic surgery Dancing/swimming lessons Donor expenses for transplants (IVF and organ) Online Bill Pay Drugs or medicines obtained without a prescription Electrolysis Facelifts Hair transplants Health club dues Insurance premiums Liposuction Non prescription stop smoking aids (patches, gum) Weight loss foods If you have a health care provider that you visit on a regular basis (e.g., an orthodontist or a chiropractor), you can use the online bill pay option to make payments to the provider as needed or on a regularly scheduled basis.
5 Traditional Claims Reimbursement For traditional claims reimbursement, complete a Health Care Pay Me Back Form available at Attach supporting proof of your expenses. This proof could be an itemized bill from your health care provider showing: The patient s name and birth date The patient s relationship to you The name of the provider The date services were provided The type of service provided You can also submit claims via the online Pay Me Back function by logging into your account with WageWorks at You may change your method of reimbursement at any time during the year, regardless of your initial choice, by updating your online profile with WageWorks at If you do not have online access, you can call WageWorks at to update your method of reimbursement for you. Claims Deadline You have until April 30 of the next year to file claims for reimbursement of expenses incurred through December 31 of the prior year. Your claim must be received by WageWorks no later than April 30. After April 30, you forfeit any money that remains in your account. If you retire or terminate employment (or your contributions otherwise end), or if you drop coverage during the year as the result of a qualifying event, you can continue to file claims for reimbursement of eligible expenses incurred prior to your retirement or termination of coverage date, up to the full amount of your Health Care Flexible Spending Account election for the current year (less reimbursements already paid to you). However, you will not be reimbursed for claims incurred after your retirement or termination of coverage date. In addition, you may be eligible to continue coverage Health Care Flexible Spending Account coverage (but not Dependent Care Flexible Spending Account coverage) through the end of the calendar year in which you retire or terminate employment on an after tax basis under COBRA. COBRA Rights Your Health Care Flexible Spending Account is covered by COBRA. Under COBRA, if the balance of your Health Care Flexible Spending Account on the date your experience a COBRA Qualifying Event is more than the amount you would be required to contribute to the account for the remainder of the calendar year of your Qualifying Event, you may elect to continue to make contributions to your Health Care Flexible Spending Account for the remainder of the calendar year of your Qualifying Event (or such earlier date that your COBRA coverage terminates). However, your contributions must be made on an after tax basis. If you continue to contribute in this manner, your full elected amount (less reimbursements already paid to you at the time of any reimbursement) will be available to you for reimbursement for the remainder of the year, unless you stop making contributions. When you return to work in an eligible status, because your eligibility status change is considered a life event, you will be able to enroll in a Health Care Flexible Spending Account within 30 days of your return. Effect on Taxes As discussed above, you receive a tax advantage by paying for eligible health care expenses through your Health Care Flexible Spending Account. However, you cannot claim a deduction for an expense on your tax return if you ve been reimbursed for the same expense through the Health Care Flexible Spending Account. Please consult your tax adviser for details.
6 Non Resident Alien or Dual Status Tax Returns: If you file a non resident alien or dual status tax return, you are not eligible for the Health Care or Dependent Care Flexible Spending Account. If you have questions about whether your tax status precludes participation in a spending account, contact the IRS or your tax adviser. DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT How Much You Can Contribute You generally can contribute up to $5,000 each year to a Dependent Care Flexible Spending Account (unless you are married and file separate returns, in which case the limit is $2,500). The amount you elect will be deducted in equal contributions from your paycheck during the year. The dollar limit is subject to meeting certain tests required by the IRS to ensure equitable plan participation. As a result, contribution amounts may need to be reduced for certain highly compensated employees as defined by the IRS. JHU will notify you if you are affected by this lower limit. The Dependent Care Flexible Spending Account can be used to pay eligible expenses to care for your children under age 13, or a disabled dependent of any age, so that you and your spouse can work, your spouse full time student for at least five months during the calendar year, or be disabled, or your spouse looks for work. If either you or your spouse earns less than $5,000, the combined amount you and your spouse contribute may not exceed the lower salary. Examples of eligible expenses include: nursery school or day care for children, after school programs for children under age 13, day care for a disabled spouse or parent expenses to care for a qualified dependent. If you are married and you file a joint income tax return, you and your spouse together may contribute up to $5,000 to dependent care spending accounts (subject to the income requirement noted above). For example, this means that if your spouse contributes $2,000 to his or her employer s dependent care flexible spending account, you can contribute up to $3,000 to yours. If you are married and you file separate tax returns, you and your spouse each may contribute up to $2,500 to your respective dependent care spending accounts (subject to the income requirement noted above). If your spouse is a full time student or is disabled, the IRS considers your spouse s earned income to be $250 a month if you have one qualified dependent and $500 a month if you have two or more qualified dependents. You will need to take these amounts into consideration to determine the maximum contribution you can make to your account under the income requirement noted above. Remember to count only the months that your spouse is either in school (must be at least five months during the calendar year) or disabled in calculating your spouse s earned income and in determining when you have an eligible expense. If You Receive Employer Provided Day Care If you receive employer provided day care through your spouse s employer, the maximum you can receive from your Dependent Care Flexible Spending Account is reduced by the value of any employer provided day care you use. Who Is an Eligible Dependent? The Dependent Care Flexible Spending Account can be used only to reimburse expenses for the care of eligible dependents. Under IRS regulations, eligible dependents are: Your child (including a stepchild), brother, sister, stepbrother or stepsister (or a descendent of any of those, such as your grandchild or your niece or nephew) who is under the age of 13, who has the same principal residence as you for at least half of the tax year and who does not provide at least half of his or her own support for the current calendar year Your spouse (for purposes of federal law) who is physically or mentally incapable of taking care of himself or herself and who has the same principal residence as you for at least half of the tax year Your dependent who is physically or mentally incapable of taking care of himself or herself and who has the same principal residence as you for at least half of the tax year. For this purpose, dependent includes anyone who is your dependent for federal
7 income tax purposes. In addition, for this purpose only, dependent also includes anyone who would qualify as your dependent for federal income tax purposes except that he or she (a) files a joint income tax return with another person for the current year or (b) has income in excess of the IRS personal exemption amount (this amount is $3,400 for 2007 and is subject to adjustment for inflation each year). Note: Same sex domestic partners and children of same sex domestic partners are covered under both medical and dental plans. But, under federal tax law, neither the Dependent Care Flexible Spending Account nor the Health Care Flexible Spending Account may be used for expenses of same sex domestic partners or the children of same sex domestic partners unless they qualify as your eligible dependent under the specific federal tax law definitions that apply to Dependent Care and Health Care Flexible Spending Accounts. Eligible Dependent Care Expenses If you and your spouse both work or if your spouse is a student meeting the requirements discussed above or is disabled, you may be reimbursed from your Dependent Care Flexible Spending Account for the following expenses: Services provided by babysitters or caregivers in or outside your home, including your relatives (as long as you do not claim them as exemptions on your federal tax return) Services provided by a licensed child care center, nursery school, or elder care center Expenses for a housekeeper whose services include care of an eligible dependent Social Security and other taxes you pay a caregiver For more information about eligible dependent care expenses, refer to IRS Publication 503 Child and Dependent Care Expenses or contact your tax adviser. You also can call the IRS at or visit their web site at pdf/p503.pdf. (Of course, no expenses can be reimbursed that are not eligible for reimbursement under IRS rules at the time of reimbursement.) If services are provided by a Dependent Care Center, the Center must comply with applicable laws and regulations of a State or local government. A Dependent Care Center is any facility that provides care for more than six individuals who do not reside at the center and receives a fee, payment or grant for providing services for any of the individuals. Dependent Care Expenses Not Eligible for Reimbursement Here s a partial list of dependent care expenses that, under current IRS rules, are not eligible for reimbursement from your Dependent Care Flexible Spending Account: Child support payments Food, clothing, and entertainment Extracurricular activities Administrative fees and books Overnight camps Also, no reimbursements will be made for otherwise eligible expenses for services rendered by any person for whom you or your spouse is entitled to a deduction on your federal income tax return for the applicable tax year or who is your child (including a stepchild or a foster child) who will be under the age of 19 at the end of your tax year. Mid Year Changes to Your Dependent Care Flexible Spending Account You may be allowed to change your election during the year in the event of a significant increase or decrease in the cost of your dependent care. However, this special election is not allowed if the dependent care provider is related to you. Filing for Reimbursement The Dependent Care Flexible Spending Account is administered by WageWorks. After you enroll, you may access your account online or by phone. Your account statement details your last month s account activity and may also include items that require your
8 immediate attention. Your account has a Pay My Provider feature (similar to online bill pay), which allows you to schedule monthly payments to your dependent care provider without ever writing a check. Here s how to file a claim for reimbursement from your Dependent Care Flexible Spending Account: 1. Pay your care provider and if possible, obtain a receipt. 2. Complete a Dependent Care Pay Me Back Form available at Be sure to enter the name, address, and Social Security or taxpayer identification number of the person or organization that provided the services. You will also need to indicate on the form that you have not and will not claim the expenses on your federal income tax return. There is also a Pay Me Back online option available when you log into your account at 3. Attach a dated receipt to the form, and send both to the address shown on the form. Your receipt can be a bill, an invoice, or a receipt only. Cancelled checks are not sufficient to file a claim for reimbursement. 4. If no receipt is available, have your provider sign your Dependent Care Pay Me Back Form to authenticate your claim. 5. Don t forget to sign the reimbursement form. Claims will be denied if you do not sign the form. You can have your spending account reimbursement checks mailed to you or you can elect direct deposit of your spending account reimbursements into your checking or savings account. To use the direct deposit feature you will need to complete and sign an application form which is available online at after you create an online account. With the Dependent Care Flexible Spending Account, you can be reimbursed only up to the amount in your account at the time you file a claim. If your claim exceeds the balance in your account, the outstanding amount of your claim will be carried over and paid automatically as new contributions are added to your account. However, if you terminate participation during the year, you will not be reimbursed for claims incurred after your termination of participation. Claims Deadline You have until April 30 of the next year to file claims for reimbursement of eligible expenses incurred through December 31 of the prior year. Your claim must be received by WageWorks no later than April 30. After April 30, you forfeit any money that remains in your account. Note: The total amount of your pre tax contributions made during the year are reported to the IRS regardless of how much you are reimbursed through year end or when reimbursements are made. Dependent Care Flexible Spending Account vs. Child Care Tax Credit As described above, you receive a tax advantage for eligible dependent care expenses through your Dependent Care Flexible Spending Account. Some taxpayers also may claim a federal child care tax credit on their tax returns. However, you cannot claim a tax credit for an expense if you ve been reimbursed for the same expense through the Dependent Care Flexible Spending Account. Although you cannot use the Dependent Care Flexible Spending Account and the tax credit for the same expenses, you may apply any eligible expenses not claimed under one method to the other. Please consult your tax adviser for specific details based on your personal situation. Leave of Absence If you are on an unpaid leave of absence, including an approved Family and Medical Leave, participation in a Dependent Care Flexible Spending Account is ended. Claims may be submitted for charges incurred prior to the coverage end date and will only be paid from the contributions currently in the account. When you return to work in an eligible status, because your eligibility status change is considered a life event, you will be able to enroll in a Dependent Care Flexible Spending Account.
9 Additional Information About Your Flexible Spending Accounts Effect on Other Benefits Even though you reduce your taxable income by using the flexible spending accounts, you are not reducing your pay for determining any JHU pay related benefits, such as retirement plan contributions. Social Security The flexible spending account contributions you make will reduce the amount of Social Security taxes you pay. If your taxable pay is below the Social Security taxable wage base, your future Social Security retirement benefits may also be reduced. When Coverage Ends When your House Staff appointment with Johns Hopkins University School of Medicine ends or your status changes House Staff to Postdoctoral Fellow, contributions to your Dependent Care Flexible Spending Account stop. Your contributions to a Health Care Flexible Spending Account also must stop unless you are eligible to and make a COBRA election to continue making after tax contributions for the remainder of the year in which your employment terminates. In addition, your contributions to the relevant spending account will cease on the earliest to occur of the following: The date you no longer satisfy the eligibility requirements for that spending account The date you no longer have an effective election to make contributions to that spending account in place The date JHU terminates that spending account Situations Affecting Flexible Spending Account Contributions If You Are on a Leave of Absence If you are on a leave of absence without pay that is 30 days or less, your Health Care Flexible Spending Account will be reinstated so you do not incur a break in coverage. If you are on a leave of absence without pay that is greater than 30 days, your Health Care Flexible Spending Account will not be reinstated; you must contact the benefits desk in the School of Medicine Registrar s Office if you wish to re enroll.
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Flexible Spending Accounts (FSAs) Frequently Asked Participant Questions (FAQ) GENERAL FSA What Is A Health Care Flexible Spending Account (FSA)? The Health Care FSA is an employer-sponsored plan, which
e n r o l l m e n t g u i d e f o r CoreFLEX Flexible Spending Accounts from CoreSource Table of Contents :: Overview....1 :: Medical Reimbursement Account...2 :: Dependent Care Account...3 :: Contribution
Flexible Spending Accounts What is an FSA? An employee benefit that saves you money on healthcare and day care expenses An account where you contribute money from your paycheck BEFORE taxes; then incur
How to get the most out of your Aetna HealthFund HSA. Welcome to HealthEquity. HealthEquity is your health savings account (HSA) administrator, which means it s our job to help you better understand and
General What s a health savings account (HSA)? An HSA is an interest-bearing savings account you fund either with before-tax paycheck deductions through WageWorks McKesson s HSA administrator or with tax-deductible
DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT The Dependent Care Flexible Spending Account may be used to pay dependent care expenses that are necessary for you and your spouse to work. Eligibility Employee
e-mail: email@example.com M E M O TO: Flex Plan participants FROM: Mindy Brown RE: Health Spending Account (HSA) & Flexible Spending Account (FSA) With the growing popularity of Health Savings Accounts,
UFCW Local 1776 and Participating Employers Health and Welfare Fund 3031 B Walton Road, Plymouth Meeting, PA 19462 Phone (610) 941-9400 Fax (610) 941-5325 www.ufcw1776benefitfunds.org firstname.lastname@example.org
Employees Group Insurance 2001 Capitol Avenue, Room B3 Cheyenne, Wyoming 82002 WYOMING STATE EMPLOYEES AND OFFICIALS GROUP INSURANCE FLEXIBLE BENEFITS PLAN EFFECTIVE January 1, 2013 Contents INTRODUCTION...
Island Flex Flexible Spending Accounts for the valuable employees of the Message to State Employees Aloha, As the cost of living rises, we often find ourselves making critical health choices or putting
Operating Engineers Local 139 Health Benefit Fund The Fund s Health Reimbursement Account (HRA) Making the Plan work better for you. The Trustees of the Operating Engineers Local 139 Health Benefit Fund
Flexible Spending Account Paying for healthcare is now easier and less expensive with a Flexible Spending Account (FSA) from ConnectYourCare. What is a Flexible Spending Account (FSA)? A Flexible Spending
FSAs Explained To get started, select a topic: 1 2 3 4 It pays to plan ahead. 1 1 An FSA, or Flexible Spending Account, is a benefit you can choose during Open Enrollment. By contributing pre-tax dollars
HEALTH SAVINGS ACCOUNT Q&A HSA BASICS What is a health savings account or HSA? A health savings account (HSA) is a tax sheltered savings account, which is only offered to people who are covered under a
MERCK FLEXIBLE SPENDING ACCOUNTS SUMMARY PLAN DESCRIPTION Health Care Account/Dependent Care Account Effective Jan. 1, 2015 This Summary Plan Description (SPD) describes the health care account benefits
Your Flexible Spending Handbook... Keys to taking advantage of the great tax savings: FLEXIBLE SPENDING Remember, the maximum election for eligible medical and dental expenses is $2,550 The maximum election
FLEXIBLE SPENDING ACCOUNT Enrollment Kit Enjoy More Benefits and Take Home More Money Increase Your Take-Home Pay with an FSA Your increased take-home pay and savings depends on your income tax bracket.
LEAR N CONTRIBUTE USE MANAG E INVEST THE CHASE HEALTH SAVINGS ACCOUNT TAK E C O NTR O L O F YO U R H EALTH CAR E S P E N D I N G BRC11793 LEARN CONTRIBUTE USE MANAGE INVEST What is a Health Savings Account?
University of Chicago Flexible Spending Accounts (FSAs) Summary Plan Description January 2011 University of Chicago Flexible Spending Accounts Page 1 Table of Contents Your FSA Benefits... 4 Participating
Flexible Spending Accounts Cornell University Plan Year: January 1 December 31, 2014 What will be covered? Who is PayFlex? Flexible Spending Accounts PayFlex Card Getting reimbursed cornell.payflexdirect.com
Benefits Highlights Health Care Disability Benefits Retirement Life & Other Insurance Programs Work & Family and Other GE Benefits GE Benefits: Adding value beyond your paycheck The Company offers a wide
This Guide is for informational and educational purposes only. It does not constitute legal advice or a comprehensive guide to issues to be considered by employers in establishing tax-advantaged benefits
www.wageworks.com **An electronic claim may be submitted at www.wageworks.com.** TOLL-FREE FAX: (877) 353-9236 Or, mail to: Claims Administrator, PO Box 14053, Lexington, KY 40512 ACCOUNT HOLDER INFORMATION
Health Savings Account Frequently Asked Questions (for Core 60 Medical Plan Members) The Health Savings Account (HSA) is a great way to save for health care expenses incurred today or in the future for
An Employee Guide to: Medical/Health Care Spending Account Dependent Care Spending Account 2015 *** IMPORTANT *** ENROLLMENT IN THE FLEXIBLE SPENDING ACCOUNTS IS ONLY VALID FOR ONE CALENDAR YEAR. YOU MUST
Electing Pre-tax Dollars To Pay For Your Health Care Expenses FSA LPF HSA Your Benefit Options Based On Your Health Insurance Plan BENEFIT OPTIONS You Have Elected a Traditional Health Plan... Low or no
Health Care Flexible Spending Account (HCFSA) Plan Frequently Asked Questions General FSA Questions What is a Health Care Flexible Spending Account (HCFSA) Plan? The Health Care Flexible Spending Account
MAKING THE MOST OF HEALTH SAVINGS. HEALTH SAVINGS ACCOUNTS abgaccess.com/hsa 877.661.4727 Saving for now What is an HSA? A health savings account (HSA) is a tax-exempt savings vehicle used to accumulate
STATE OF VERMONT TAX SAVER OPTION PLAN Flexible Spending Account Enrollment Guide Administered by TABLE OF CONTENTS Introduction... 2 Health Care Flexible Spending Account... 3 Benny Card (FSA debit card)...
Flexible Savings Accounts Aetna Consumer Financial Solutions products are administered by PayFlex Systems USA, Inc. ( PayFlex ), an affiliate of Aetna Life Insurance Company ( Aetna ). PayFlex s robust
Summary Plan Description Payless ShoeSource, Inc. and Collective Licensing International, LLC Flexible Spending Account (FSA) Program (Health Care and Dependent Care Flexible Spending Account Plans) Effective:
GENERAL INFORMATION WHAT IS A FLEXIBLE SPENDING ACCOUNT? A Flexible Spending Account (FSA) is a tax-favored program that allows employees to pay for eligible out-of-pocket health care and dependent care
Flexible Spending Account Overview Flexible Spending Account Paying for health care is now easier and less expensive with a Flexible Spending Account (FSA) from ConnectYourCare. What is an FSA? A Flexible