Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax...

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Your Flexible Spending Account (FSA)

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Transcript of Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax...

Page 1: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Your Flexible Spending Account (FSA)

Page 2: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Save on health, dependent day care with your FSA

Use pre-tax dollars for important expenses

Health care needs, dependent day care, or both

For yourself, spouse, dependents

Page 3: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Pre-tax savings, made simple

Set aside pay before taxes

Estimate how much you’ll need

Elect how much to defer

Save up to thousands

Savings in reduced tax withholding

Yours depends on election,tax situation

Page 4: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Care you need, savings you want

Health care account

Out-of-pocket expenses

Dental and vision care

Prescribed over-the-counter needs*

You or your dependents

Even if they’re not enrolled in your health plan

*Over-the-counter (OTC) medicines require a prescription

Page 5: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Health care… it’s covered!

FSA health care eligible expenses Prescriptions for almost any medical condition

Prescribed over-the-counter medicines, like aspirin, antacid, antibiotics…

Co-payments, co-insurance and deductibles

Dental care, both preventive and restorative

Orthodontia, child and adult

Vision care, eyeglasses, contact lenses, solutions

Eye surgery, including laser vision correction

Counseling and therapy

Psychology and psychiatry

Chiropractic care and acupuncture

See www.takecarewageworks.com for more

Page 6: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

ESTIMATED ELIGIBLE EXPENSES EXAMPLE

Prescription drugs $240

Doctor visits $80

Annual dental plan deductible $50

Dental fillings and crowns $185

Orthodontia (braces) $1,800

Prescription glasses and sunglasses $100

Prescribed over-the-counter products* $60

Suggested plan year election $2,500

Taxes (40%) x 0.40

Estimated savings $1,000

Adding it up: health care savings

*Over-the-counter medicines require a prescription

Page 7: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Dependent care… it’s covered!

FSA dependent care eligible expenses Babysitting or au pair services Before- and after-school programs Day care and nursery schools Summer day camp Pre-school programs Elder care services

See www.takecarewageworks.com for more

Page 8: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

ESTIMATED ELIGIBLE EXPENSES EXAMPLE

Day care / nursery school —

Babysitting / au pair —

Before- and after-school programs $3,600

Summer day camp $1,400

Pre-school —

Elder care —

Suggested plan year election $5,000

Taxes (40%) x 0.40

Estimated savings $2,000

Adding it up: dependent care

Page 9: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Easy as a debit card

Use your take care® Card to pay instantly

Works like a debit card, just swipe and go

Funds come directly from your FSA

No PIN required

Page 10: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

More control, more convenience

Pay Me Back

Traditional claims

Fast reimbursement

Online tracking

www.takecarewageworks.com

Page 11: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

MyFlex®Mobile App and Website

Manage your Flex Benefits on the go, anywhere, anytime!

Type m.takecareWageWorks.com in your mobile device browser. Log in with the same username and password you use on

www.takecareWageWorks.com.

Access account balances and election amounts.

View important dates such as when you need to “spend it by.”

Download the MyFlex®Mobile App for FREE! MyFlexMobile App is free at the Apple App Store and at Android Google Play.

Submit receipts and claims from your mobile device.

Use the App wizard to step through the submittal process.

Confirmation will be shown on your device.

Page 12: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Why enroll?

Tax savings

Wide range of covered expenses

Easy access

Flexible options

Page 13: Your Flexible Spending Account (FSA). Save on health, dependent day care with your FSA Use pre-tax dollars for important expenses Health care needs,

Eugenie Guillot Sales Director Coventry Health Care Public Domain Health Care Reform What You Should Know Introduction 2012 – Recap 2013 and 2014 – FSA.

Eugenie Guillot Sales Director Coventry Health Care Public Domain Health Care Reform What You Should Know Introduction 2012 – Recap 2013 and 2014 – FSA.

Use Well · If you contribute to the Health Care Flexible Spending Account (FSA)— congratulations! You’re saving money by paying for eligible health care expenses with tax-free

Use Well · If you contribute to the Health Care Flexible Spending Account (FSA)— congratulations! You’re saving money by paying for eligible health care expenses with tax-free

EMPLOYEE INFORMATION PACKETA ! !_ !!ntage ;:"' ,:::' Know Your Health Care FSA Eligible and Ineligible Expenses Moxlmlze the Value of Yout RelmbulSIJfflent Account· Your Health Care

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Health Care Plan Open Enrollment 2017-18...Agenda • ACA Update • Benefits update • Health Care plan review • Tips to save health care dollars • FSA – Open Enrollment •

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UHR Senior Leaders volunteer at the Capital Area Food Bank ...your Health Care FSA. You have until December 31, 2015 to incur eligible expenses for your Dependent Care FSA. Here are

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Flexible Spending FSA Accounts...Flexible Spending Accounts Save on health and dependent day care! Enroll in an FSA Enjoy savings that really add up. Because FSA contributions are

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COBRA and the Health Care FSA webinar. © 2012 Employee Benefits Corporation 3 COBRA and the Health Care FSA webinar Peter Antonie Compliance Communications.

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Health Care Flexible Spending Account FAQsHCFSA-M-2002-0719 Whose expenses can be paid with your Health Care FSA? Your FSA can be used to pay for your qualified medical expenses and

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Health Care Consumerism 101. Agenda Consumer Directed Health Care Medical Plan Options Tax Deferred Savings HSA FSA Tools and Resources Questions and.

Health Care Consumerism 101. Agenda Consumer Directed Health Care Medical Plan Options Tax Deferred Savings HSA FSA Tools and Resources Questions and.

Health Care Plan Open Enrollment 2015-16. Agenda ACA Update Benefits update Health Care plan review Tips to save health care dollars FSA – Open Enrollment.

Health Care Plan Open Enrollment 2015-16. Agenda ACA Update Benefits update Health Care plan review Tips to save health care dollars FSA – Open Enrollment.

An Overview of Legacy Benefits and Compensation · 8/26/2016  · • Flexible Spending Accounts (FSA) Pay for eligible expenses with pre-tax dollars Health Care FSA up to $2,550

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Health Care Flexible Spending Arrangement - Group Benefits · 2020-04-03 · Article 1 INTRODUCTION 1.1 Establishment of Health Care FSA The Office of Group Benefits, Division of

Health Care Flexible Spending Arrangement - Group Benefits · 2020-04-03 · Article 1 INTRODUCTION 1.1 Establishment of Health Care FSA The Office of Group Benefits, Division of

Health Care - Seattle · CHOOSE Health FSA Plan and/or Dependant Care FSA Plan 5. STEP 1 - CHECK Enroll / Re-enroll STEP 2 - ENTER *MONTHLY amount *see note in ESS STEP 3 - SAVE your

Health Care - Seattle · CHOOSE Health FSA Plan and/or Dependant Care FSA Plan 5. STEP 1 - CHECK Enroll / Re-enroll STEP 2 - ENTER *MONTHLY amount *see note in ESS STEP 3 - SAVE your

FSA and HSA Guide - mympcbenefits.com · Marathon Petroleum’s Health Care Flexible Spending Account (FSA), administered by PayFlex, allows you to pay for eligible out-of-pocket

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OFFICE OF THE ACTUARY The Impact of the Affordable Care Act on Health Care Spending John D. Shatto, FSA October 8, 2010.

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2013 Benefits for MFT Retirees Health Insurance Dental Insurance Vision Insurance Life Insurance Health FSA Long Term Care Questions/Contact Info.

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Everyday savings - benefits-direct.com€¦ · the money in your Health Care FSA is yours to spend immediately. The funds in your Dependent Care FSA are available when your payroll

Everyday savings - benefits-direct.com€¦ · the money in your Health Care FSA is yours to spend immediately. The funds in your Dependent Care FSA are available when your payroll

Healthcare FSA Limited Purpose FSA Dependent Care FSA ...€¦ · Changing the Amount You Choose to Set Aside for Dependent Care ... Dentist’s, Orthodontist's or ... A list of example

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Health Care Flexible Spending Account - Home - …portal.borgwarner.com/Benefits/Ithaca/FSA Information/Health Care...You do not have to file any flexible spending account claims when

Health Care Flexible Spending Account - Home - …portal.borgwarner.com/Benefits/Ithaca/FSA Information/Health Care...You do not have to file any flexible spending account claims when

How an FSA Works - benstrat.com · Example of Tax Savings Through an FSA Without FSA With FSA Enrollment Annual Earnings $30,000 $30,000 Health Care Reimbursement Account Contribution

How an FSA Works - benstrat.com · Example of Tax Savings Through an FSA Without FSA With FSA Enrollment Annual Earnings $30,000 $30,000 Health Care Reimbursement Account Contribution