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Flexible Spending Accounts (FSAs)

Flexible spending accounts (FSAs) give you the Limited Use Flexible Spending Account
opportunity to lower your taxes by paying for eligible If you are enrolled in the MyHealth HSA plan, you ADDITIONAL BENEFITS
healthcare and dependent care expenses on a can only use the Healthcare FSA to reimburse
pre-tax basis. yourself for dental and vision expenses, as well as

You choose whether to participate in one or both of certain prescribed over-the-counter medications and
the accounts during each year’s open enrollment. supplies until you have satisfied your annual medical
The FSAs are funded entirely with your contributions, deductible.
which are made with pre-tax dollars from your pay.
Dependent Day Care Flexible Spending
If you choose to participate, there are a few things
you need to know: Account
This account allows you to set aside before-tax dollars
1. Avoid the use it or lose it rule. Budget carefully to to pay for dependent day care expenses – generally
avoid losing money left in the account at the end of for your children who are under age 13 or totally
2017. This is an IRS tax rule. disabled – so you and your spouse can work.

2. Each account is separate. You cannot transfer You can contribute from $120 a year, up to a
money between the healthcare and dependent maximum of $5,000 (or up to your spouses’
care accounts. earned income, if less than $5,000).
3. You can contribute from $120 to $2,500 to your
Limited Use FSA.

4. The filing deadline for expenses incurred in
2016 is March 31, 2017. The filing deadline for
expenses incurred in 2017 is March 31, 2018.
Manage Your Account On the Go
Download the free WageWorks EZ Receipts app from
the iTunes Store or Google Play: snap and submit
photos of your receipts, file claims, view transactions
and check your balances.

Visit www.wageworks.com to view eligible expenses
for all FSA accounts, use the online bill pay or to file a
claim for reimbursement.

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