Page 20 - The Final W book
P. 20

W International provides you with a Flexible Spending Account option through isolved Benefit
                Services. FSAs provide you with an important tax advantage that can help you pay health care
                and dependent care expenses on a pre- tax basis. By anticipating your family’s health care and
                dependent care costs for the next year, you can lower your taxable income. You may choose to
                participate in one or both of these options, depending on your individual needs.


               Please Note: You cannot have both an HSA and a standard Health Care FSA.




               Health Care Spending Account


                This program allows W International associates to pay for certain IRS-approved medical,
                prescription, dental, and vision care expenses not covered by the insurance plan with pre-
                tax dollars. For more information about eligible medical expenses, please refer to IRS
                Publication 502, Medical and Dental Expenses, available at
                www.irs.gov/publications/p502/index.html.

                The annual maximum amount you may contribute to the Health Care FSA is $3,200 per
                calendar year. Features of this plan include:

                        • Plan Year: 02/01/2024 - 01/31/2025
                        • Annual Maximum Election: $3,200

                        • Carryover: $640
                        • Run Out: 90 Days


































          Note: This is intended to be an easy-to-read summary (not a contract); the above items are only highlights of the spending accounts. Additional
          limitations and exclusions may apply to covered services. For a full description of eligible expenses, please contact isolved Benefit Services.
                                                                                                           20
   15   16   17   18   19   20   21   22   23   24