Page 19 - Future Steps
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Flexible Spending Accounts 2017 Beneits Enrollment
(FSAs)
A lexible spending account (FSA) is an easy way to lower your taxes and increase
your spendable income. With an FSA, you set aside part of the money you earn
each year before taxes are calculated. Then, that money is paid back to you as
reimbursement for eligible health care, dependent care or transportation expenses
which you incurred and have to pay out of your own pocket.
You Must Actively Enroll
If you want to participate in the lexible spending account in 2017, you must actively
enroll during annual enrollment.
How the Plan Works
Discovery Beneits will be our new administrator in 2017. There are four types.
Full Scope Health Care
Available for employees who do not enroll in the $2,600 or $3,000 deductible plan
with HSA.
This account is for eligible health care expenses not paid by insurance. This includes
deductibles, coinsurance, prescription drugs, dental, and vision expenses. You may
use the account for your eligible dependents’ expenses too.
In 2017, you can contribute up to $2,600 pre-tax to this account. Up to $500 unused
dollars can be rolled over to the next plan year.
Limited Scope Health Care
Available for employees who enroll in the $2,600 or $3,000 deductible plan with HSA
or another high deductible health plan outside of GESM.
This account is for eligible dental and vision expenses not paid by insurance.
Eligible expenses include glasses, contact lenses, and dental treatments, including
orthodontia. You may use the account for your eligible dependents’ expenses too.
In 2017, you can contribute up to $2,600 pre-tax to this account. Up to $500 unused
dollars can be rolled over to the next plan year.
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(FSAs)
A lexible spending account (FSA) is an easy way to lower your taxes and increase
your spendable income. With an FSA, you set aside part of the money you earn
each year before taxes are calculated. Then, that money is paid back to you as
reimbursement for eligible health care, dependent care or transportation expenses
which you incurred and have to pay out of your own pocket.
You Must Actively Enroll
If you want to participate in the lexible spending account in 2017, you must actively
enroll during annual enrollment.
How the Plan Works
Discovery Beneits will be our new administrator in 2017. There are four types.
Full Scope Health Care
Available for employees who do not enroll in the $2,600 or $3,000 deductible plan
with HSA.
This account is for eligible health care expenses not paid by insurance. This includes
deductibles, coinsurance, prescription drugs, dental, and vision expenses. You may
use the account for your eligible dependents’ expenses too.
In 2017, you can contribute up to $2,600 pre-tax to this account. Up to $500 unused
dollars can be rolled over to the next plan year.
Limited Scope Health Care
Available for employees who enroll in the $2,600 or $3,000 deductible plan with HSA
or another high deductible health plan outside of GESM.
This account is for eligible dental and vision expenses not paid by insurance.
Eligible expenses include glasses, contact lenses, and dental treatments, including
orthodontia. You may use the account for your eligible dependents’ expenses too.
In 2017, you can contribute up to $2,600 pre-tax to this account. Up to $500 unused
dollars can be rolled over to the next plan year.
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