Page 14 - 2018 DAN Enrollment
P. 14
Flexible Spending
Accounts (FSAs)
Important Things to Note You have two different FSA options, the
About FSAs HealthCare FSA and the Dependent Care FSA
• If you enroll in an FSA, you
will receive a debit card from
YSA to pay for your eligible HealthCare FSA
expenses. You will also have
an option to submit a claim for The Health Care FSA gives you a valuable tax break by letting you
reimbursement. set aside pre-tax dollars for reimbursement of certain healthcare
expenses you or your family might have over the course of a year.
• Over-the-counter (OTC)
medications are not Here are some key features of this type of account:
reimbursable through FSAs
without a prescription. • Money in your account can be used for medical, dental and
vision expense
• Do the math. Estimate your
eligible expenses prior to • You may contribute up to $2,650 each year
enrolling in an FSA to avoid
forfeiting unused funds that • You can access your full annual election immediately
would not be eligible for
carryover. • If you elect the High Deductible Health Plan with HSA, you may
• Don’t forget to keep your not contribute to a Health Care FSA during 2018
receipts in case you need to
verify an expense! • At the end of the year, remaining money up to $500 will be
rolled over to the following year for you to continue using. If
• For a complete list of eligible you have a balance above $500, that money will be forfeited,
expenses see IRS Publication
502 and 503 so choose you FSA election amount wisely.
Dependent Care FSA
Just like the HealthCare FSA, the Dependent Care FSA gives you
a valuable tax break to help you pay for certain child and adult day For You &
care expenses. Here are some key features of this type of account:
• Money in your account for expenses such as before and after
school care, expenses for day care, preschool or nursery school,
nanny service and summer camp Your Family
• You may contribute up to $5,000 each year
• You can access funds as they are deposited to your account
• Any balances remaining at the end of the year will be forfeited
14 2018 Benefits Enrollment Dentsu Aegis Network 15
Accounts (FSAs)
Important Things to Note You have two different FSA options, the
About FSAs HealthCare FSA and the Dependent Care FSA
• If you enroll in an FSA, you
will receive a debit card from
YSA to pay for your eligible HealthCare FSA
expenses. You will also have
an option to submit a claim for The Health Care FSA gives you a valuable tax break by letting you
reimbursement. set aside pre-tax dollars for reimbursement of certain healthcare
expenses you or your family might have over the course of a year.
• Over-the-counter (OTC)
medications are not Here are some key features of this type of account:
reimbursable through FSAs
without a prescription. • Money in your account can be used for medical, dental and
vision expense
• Do the math. Estimate your
eligible expenses prior to • You may contribute up to $2,650 each year
enrolling in an FSA to avoid
forfeiting unused funds that • You can access your full annual election immediately
would not be eligible for
carryover. • If you elect the High Deductible Health Plan with HSA, you may
• Don’t forget to keep your not contribute to a Health Care FSA during 2018
receipts in case you need to
verify an expense! • At the end of the year, remaining money up to $500 will be
rolled over to the following year for you to continue using. If
• For a complete list of eligible you have a balance above $500, that money will be forfeited,
expenses see IRS Publication
502 and 503 so choose you FSA election amount wisely.
Dependent Care FSA
Just like the HealthCare FSA, the Dependent Care FSA gives you
a valuable tax break to help you pay for certain child and adult day For You &
care expenses. Here are some key features of this type of account:
• Money in your account for expenses such as before and after
school care, expenses for day care, preschool or nursery school,
nanny service and summer camp Your Family
• You may contribute up to $5,000 each year
• You can access funds as they are deposited to your account
• Any balances remaining at the end of the year will be forfeited
14 2018 Benefits Enrollment Dentsu Aegis Network 15
