Page 16 - Hussmann- OE Guide
P. 16
Annual
Enrollment
How FSA Works
During enrollment, you elect to
set aside a certain amount of Using Your FSA Funds
your compensation in an FSA. If you sign up for the Health Care FSA or the Limited FSA, you’ll
Depending on your medical receive a debit card from ADP. It works like a bank debit card except
election, you can enroll in either
the Health Care FSA or the Limited that it is connected to your FSA. Once the card is activated, you can
FSA; and independently of that use it to pay for many eligible expenses after you receive services or at
decision, you can also enroll in the the time of purchase. Be sure to save all receipts. For a complete list of
Dependent Care FSA. You must eligible expenses, please go to www.SpendingAccounts.info.
enroll each year to participate,
even if you participated in the prior As a reminder, you cannot use the debit card to pay for over-the-
year.
counter medications. You must pay for them and then ile an FSA
The amount you decide to claim for reimbursement; the claim must be accompanied by a doctor’s
contribute for the year will be prescription. (Such eligible over-the-counter medications include,
deducted from your paycheck in for example, pain relievers, cold medicines, antacids, and allergy
equal installments throughout medication.)
2015, on a before-tax basis. Your
contribution level will remain in
effect throughout 2015 unless you You will not receive a debit card for use with the Dependent Care FSA.
have a qualiied status change. With this account, you pay for eligible expenses out of your pocket,
then fax, mail, or submit online a reimbursement request along with a
Use the tax-free money you set
aside to pay or reimburse yourself receipt for the expense to ADP. ADP then processes your request and
for eligible expenses incurred after promptly reimburses you through direct deposit or by check.
the FSA is established. Note that
over-the-counter medications are You can draw on the total amount of your annual contributions to
eligible for reimbursement through the Health Care FSA and the Limited FSA at any time during the year,
an FSA only if they are prescribed regardless of how much has been deducted from your pay to date.
by a doctor.
With the Dependent Care FSA, however, you can only make claims
for as much as you have contributed to the account to date. If you ile
a claim for more than your account balance, you will be reimbursed as
your contributed funds become available in the account.
16
Enrollment
How FSA Works
During enrollment, you elect to
set aside a certain amount of Using Your FSA Funds
your compensation in an FSA. If you sign up for the Health Care FSA or the Limited FSA, you’ll
Depending on your medical receive a debit card from ADP. It works like a bank debit card except
election, you can enroll in either
the Health Care FSA or the Limited that it is connected to your FSA. Once the card is activated, you can
FSA; and independently of that use it to pay for many eligible expenses after you receive services or at
decision, you can also enroll in the the time of purchase. Be sure to save all receipts. For a complete list of
Dependent Care FSA. You must eligible expenses, please go to www.SpendingAccounts.info.
enroll each year to participate,
even if you participated in the prior As a reminder, you cannot use the debit card to pay for over-the-
year.
counter medications. You must pay for them and then ile an FSA
The amount you decide to claim for reimbursement; the claim must be accompanied by a doctor’s
contribute for the year will be prescription. (Such eligible over-the-counter medications include,
deducted from your paycheck in for example, pain relievers, cold medicines, antacids, and allergy
equal installments throughout medication.)
2015, on a before-tax basis. Your
contribution level will remain in
effect throughout 2015 unless you You will not receive a debit card for use with the Dependent Care FSA.
have a qualiied status change. With this account, you pay for eligible expenses out of your pocket,
then fax, mail, or submit online a reimbursement request along with a
Use the tax-free money you set
aside to pay or reimburse yourself receipt for the expense to ADP. ADP then processes your request and
for eligible expenses incurred after promptly reimburses you through direct deposit or by check.
the FSA is established. Note that
over-the-counter medications are You can draw on the total amount of your annual contributions to
eligible for reimbursement through the Health Care FSA and the Limited FSA at any time during the year,
an FSA only if they are prescribed regardless of how much has been deducted from your pay to date.
by a doctor.
With the Dependent Care FSA, however, you can only make claims
for as much as you have contributed to the account to date. If you ile
a claim for more than your account balance, you will be reimbursed as
your contributed funds become available in the account.
16
