Page 17 - GESMN 2019 Benefits Enrollment Guide

Flexible Spending Accounts

(FSAs)

A flexible 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 paid out of your own pocket.

You Must Actively Enroll

Eligible employees working 20 or more hours per week may elect to participate in an FSA.

If you want to participate in the flexible spending account in 2019, you must actively
enroll during annual enrollment. Elections do not carry over from year to year.

How the Plan Works

Discovery Benefits will continue to be our administrator in 2019. There are four types
of FSAs.

Medical Flexible Spending Account

Available for employees who are not actively contributing to a Health Savings
Account (HSA) associated with their respective medical plans.

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 2019, you can contribute up to $2,650 pre-tax to this account. Up to $500 unused
dollars can be rolled over to the next plan year.

Limited Flexible Spending Account

Available for employees who enroll in the $2,700 or $3,000 deductible plan with HSA
or another high deductible health plan outside GESMN.

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 2019, you can contribute up to $2,650 pre-tax to this account. Up to $500 unused
dollars can be rolled over to the next plan year.

17