Page 9 - NH Non NC Guide
P. 9
Flexible Spending Accounts
Available Through Health Equity Examples of FSA Eligible
An FSA allows you to set aside before-tax dollars from your paycheck Expenses
to cover qualiied expenses you would normally pay out of your pocket Healthcare Spending Account
with after-tax dollars. You pay no federal income, state income, or Social
Security taxes on the money you place in your FSA. Doctor’s visit copays
Prescription drug copays
Funds you elect to contribute to the Healthcare FSA are available in full Medical and dental deductibles
on the effective date of your coverage and may be used for expenses
incurred through November 30, 2016. Our FSA program includes a $500 Over-the-counter medications (with a
rollover provision. You can roll over up to $500 of unused FSA dollars written prescription)
into your account to use next year. The amount you roll over is in addition Hearing aids
to your regular annual election. Funds you contribute to the Dependent Eye glasses
Care FSA function like a debit card; you need to accumulate the funds
before you can use them. Contacts
Contact lens solution
Healthcare FSA
Dental services
The Healthcare FSA lets you pay for certain IRS-approved medical care
expenses not covered by your insurance plan with pre-tax dollars. For Orthodontia
example, cash you now spend on deductibles, copayments, or other Acupuncture
out-of-pocket medical expenses can instead be placed in the Healthcare Laser vision correction surgery
Reimbursement FSA pre-tax to pay for these expenses. You may also use
Healthcare FSA funds to reimburse eligible expenses for your dependents
who are not covered under the MG+BW medical plan. The maximum
contribution to the healthcare reimbursement FSA is $2,500 per plan year.
If you enroll in the MG+BW medical plan, the HRA will reimburse eligible
medical plan expenses which apply to you or a covered family member’s plan year
deductible. You may use your healthcare FSA funds to reimburse your share of the
medical deductible you must pay before your MG+BW funded HRA begins to pay.
Once you have paid the irst $500/$1,000 of your plan year deductible, your
available HRA funds will be used to reimburse the provider. You are not required
to submit claims for reimbursement from your HRA.
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Available Through Health Equity Examples of FSA Eligible
An FSA allows you to set aside before-tax dollars from your paycheck Expenses
to cover qualiied expenses you would normally pay out of your pocket Healthcare Spending Account
with after-tax dollars. You pay no federal income, state income, or Social
Security taxes on the money you place in your FSA. Doctor’s visit copays
Prescription drug copays
Funds you elect to contribute to the Healthcare FSA are available in full Medical and dental deductibles
on the effective date of your coverage and may be used for expenses
incurred through November 30, 2016. Our FSA program includes a $500 Over-the-counter medications (with a
rollover provision. You can roll over up to $500 of unused FSA dollars written prescription)
into your account to use next year. The amount you roll over is in addition Hearing aids
to your regular annual election. Funds you contribute to the Dependent Eye glasses
Care FSA function like a debit card; you need to accumulate the funds
before you can use them. Contacts
Contact lens solution
Healthcare FSA
Dental services
The Healthcare FSA lets you pay for certain IRS-approved medical care
expenses not covered by your insurance plan with pre-tax dollars. For Orthodontia
example, cash you now spend on deductibles, copayments, or other Acupuncture
out-of-pocket medical expenses can instead be placed in the Healthcare Laser vision correction surgery
Reimbursement FSA pre-tax to pay for these expenses. You may also use
Healthcare FSA funds to reimburse eligible expenses for your dependents
who are not covered under the MG+BW medical plan. The maximum
contribution to the healthcare reimbursement FSA is $2,500 per plan year.
If you enroll in the MG+BW medical plan, the HRA will reimburse eligible
medical plan expenses which apply to you or a covered family member’s plan year
deductible. You may use your healthcare FSA funds to reimburse your share of the
medical deductible you must pay before your MG+BW funded HRA begins to pay.
Once you have paid the irst $500/$1,000 of your plan year deductible, your
available HRA funds will be used to reimburse the provider. You are not required
to submit claims for reimbursement from your HRA.
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