Read This About Flexible Spending!
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Read This About Flexible Spending! •By participating in a Flexible Spending Account, you can reduce the taxes you pay • If you incur medical, dental or vision expenses, and/or if you have daycare expenses, you might be a candidate for a Flexible Spending Account • Only expenses incurred on/after September 1, 2013 and on/before August 31, 2014 are eligible for reimbursement at this time • For expenses incurred between September 1 and August 31 – you may claim reimbursement from your flexible spending account by filing a claim with either a paper claim form or your Flexible Spending Account MasterCard between September 1, 2013 and November 29, 2014. • Estimate your medical + dental + vision expenses and make an “election” how much you would like to contribute to a medical reimbursement account between September 1 and August 31. The minimum contribution for participants is $260 and the maximum is $2,500. • Estimate your dependent daycare expenses and make an “election” how much you would like to contribute to a dependent daycare account between September 1 and August 31. The maximum contribution is $5,000. • Remember, Flexible Spending Accounts are “use-it-or-lose-it” - therefore be conservative what you contribute to an account (use flexible spending account
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Read This About Flexible Spending!. By participating in a Flexible Spending Account , you can reduce the taxes you pay If you incur medical, dental or vision expenses, and/or if you have daycare expenses, you might be a candidate for a Flexible Spending Account - PowerPoint PPT Presentation
Transcript of Read This About Flexible Spending!
Read This About Flexible Spending!
•By participating in a Flexible Spending Account, you can reduce the taxes you pay
• If you incur medical, dental or vision expenses, and/or if you have daycare expenses, you might be a candidate for a Flexible Spending Account
• Only expenses incurred on/after September 1, 2013 and on/before August 31, 2014 are eligible for reimbursement at this time
• For expenses incurred between September 1 and August 31 – you may claim reimbursement from your flexible spending account by filing a claim with either a paper claim form or your Flexible Spending Account MasterCard between September 1, 2013 and November 29, 2014.
• Estimate your medical + dental + vision expenses and make an “election” how much you would like to contribute to a medical reimbursement account between September 1 and August 31. The minimum contribution for participants is $260 and the maximum is $2,500.
• Estimate your dependent daycare expenses and make an “election” how much you would like to contribute to a dependent daycare account between September 1 and August 31. The maximum contribution is $5,000.
• Remember, Flexible Spending Accounts are “use-it-or-lose-it” - therefore be conservative what you contribute to an account (use flexible spending account only for predictable expenses)
