Page 17 - Future Steps
P. 17
Healthcare and Limited FSA Carryover 2017 Beneits Enrollment
Participants have the ability to carryover up to $500 of unused Healthcare FSA funds
at the end of the plan year. The amount you carryover is in addition to your regular
annual election. This amount is available to spend the entire year.
If you are switching from the Traditional Plan to the High Deductible Plan, your
remaining Healthcare FSA balance (up to $500), will rollover to a Limited FSA. This
way you can start contributing to your health savings account on January 1.
Dependent Care FSA
The Dependent Care FSA lets you use pre-tax dollars towards qualiied dependent
care. The maximum amount you may contribute to the Dependent Care FSA is
$5,000 (or $2,500 if married and iling separately) per calendar year.
Dependent Care FSA Eligible Expenses
X Cost of child or adult daycare*
X Nursery school
X Preschool (excluding kindergarten)
* Eligible dependent: tax dependent child under age 13 or tax dependent spouse, parent, or child unable to
care for themselves
A complete list of eligible expenses can be found in IRS Publication 502 on
www.irs.gov.
Please note, if you are participating in the HSA, you can still participate in the
Dependent Care FSA.
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Participants have the ability to carryover up to $500 of unused Healthcare FSA funds
at the end of the plan year. The amount you carryover is in addition to your regular
annual election. This amount is available to spend the entire year.
If you are switching from the Traditional Plan to the High Deductible Plan, your
remaining Healthcare FSA balance (up to $500), will rollover to a Limited FSA. This
way you can start contributing to your health savings account on January 1.
Dependent Care FSA
The Dependent Care FSA lets you use pre-tax dollars towards qualiied dependent
care. The maximum amount you may contribute to the Dependent Care FSA is
$5,000 (or $2,500 if married and iling separately) per calendar year.
Dependent Care FSA Eligible Expenses
X Cost of child or adult daycare*
X Nursery school
X Preschool (excluding kindergarten)
* Eligible dependent: tax dependent child under age 13 or tax dependent spouse, parent, or child unable to
care for themselves
A complete list of eligible expenses can be found in IRS Publication 502 on
www.irs.gov.
Please note, if you are participating in the HSA, you can still participate in the
Dependent Care FSA.
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