Page 8 - 2020 Wiese MNS Benefits Guide
P. 8
FLEXIBLE SPENDING ACCOUNT
AND LEGAL PLAN
Flexible Spending Account (FSA)—Discovery
Benefits
Flexible spending accounts (FSAs) are accounts which allow you to
set aside part of your salary (before taxes) to pay for qualiied medical
expenses, or child or dependent care. You save money because you
don’t pay taxes on the money you place into this account. Use it to
pay for daycare, medical, and prescription drugs which aren’t covered
by insurance, as well as over the counter medicines and drugs you buy
every day. The annual maximum is $2,700 for medical and $5,000 for
dependent care.
A lexible spending beneit plan will provide the following.
Boost your take-home pay
Cut your taxable income
Lower your medical costs
Reduce your daycare costs
Note: if you enroll in the Choice Plan with a health savings
account, you are not eligible to enroll in the FSA
Legal Plan
MetLaw
®
Finding an affordably-priced lawyer to represent you when you have
trouble with creditors, buying or selling a home, or preparing your will
can be a challenge. Now there is a smart, simple, affordable solution—
MetLaw , administered by Hyatt Legal Plans. MetLaw is a legal services
®
plan which provides legal representation for you, your spouse, and
dependents at a budget-friendly cost of $19.50/month.
Please contact Human Resources if you are interested in more
information or enrolling in this plan.
8
AND LEGAL PLAN
Flexible Spending Account (FSA)—Discovery
Benefits
Flexible spending accounts (FSAs) are accounts which allow you to
set aside part of your salary (before taxes) to pay for qualiied medical
expenses, or child or dependent care. You save money because you
don’t pay taxes on the money you place into this account. Use it to
pay for daycare, medical, and prescription drugs which aren’t covered
by insurance, as well as over the counter medicines and drugs you buy
every day. The annual maximum is $2,700 for medical and $5,000 for
dependent care.
A lexible spending beneit plan will provide the following.
Boost your take-home pay
Cut your taxable income
Lower your medical costs
Reduce your daycare costs
Note: if you enroll in the Choice Plan with a health savings
account, you are not eligible to enroll in the FSA
Legal Plan
MetLaw
®
Finding an affordably-priced lawyer to represent you when you have
trouble with creditors, buying or selling a home, or preparing your will
can be a challenge. Now there is a smart, simple, affordable solution—
MetLaw , administered by Hyatt Legal Plans. MetLaw is a legal services
®
plan which provides legal representation for you, your spouse, and
dependents at a budget-friendly cost of $19.50/month.
Please contact Human Resources if you are interested in more
information or enrolling in this plan.
8
