Page 24 - 2017 US Benefits Guide - for all Capgemni employees in the FS SBU
P. 24
Flexible Spending Accounts
Flexible Spending Accounts (FSAs) let you pay for eligible health care and dependent care Consider an FSA.
expenses with pre-tax dollars. Your contributions to an FSA are deducted from your Using a Flexible Spending Account to cover
paycheck before your taxes are calculated, reducing your taxable pay and helping you take eligible out-of-pocket health care and
home more of your own money. dependent care expenses can reduce your
Capgemini ofers two types of FSAs: the Health Care FSA and the Dependent Care taxes and save you money.
FSA. These two accounts are separate. You must enroll in each account separately and
choose how much to contribute to each account. Funds cannot be transferred from one Wondering how much to contribute to
FSA to the other. an FSA?
You must enroll in these plans for each year you wish to participate. Your participation will Use the FSA Calculator Tool to help you
not automatically roll over from one plan year to the next. estimate your annual expenses and tax
savings under each type of FSA.
Dependent Care FSA
Dependent Care FSA:
Your Dependent Care FSA can help you pay for day care, preschool, nursery school, nanny https://www.wageworks.com/employees/
or elder care expenses. To participate, you and your spouse (if married) must be unable to support-center/fsa-savings-calculator
care for your dependents because of work or school schedules. The care can be provided in
your home as long as the caregiver is not your spouse or claimed as a dependent on your Health Care FSA:
federal income tax return. Dependent children must be under age 13 to qualify. If the care is https://www.wageworks.com/employees/
for an elderly parent or disabled spouse, the dependent must spend at least eight hours a support-center/hsa-compatible-fsa-
day in your home. calculator/
You may contribute $5,000 for 2017 to your Dependent Care FSA. If you are married and ile
a separate return, the maximum contribution is $2,500 for 2017. Get the WageWorks EZ
Receipts mobile app.
Depending on your household income, it may be more advantageous to claim dependent
care expenses as a credit on your federal income tax return than to fund a Dependent Care With the WageWorks EZ Receipts app, you
FSA. You should consult with a tax advisor. can quickly, easily and securely view your
FSA balances, pay and beneits, claims
For general guidelines about expenses eligible under the Dependent Care FSA, refer to IRS information and more. To download the app,
tax Publication 503 (available online at http://www.irs.gov/Forms-&-Pubs ). go to https://www.wageworks.com/
For reimbursement of eligible expenses, please contact WageWorks at 1-877-924-3967 or employees/account-management/
go to the WageWorks Flexible Spending Service Center at www.wageworks.com . wageworks-ez-receipts-mobile-app/ .
CAPGEMINI 2017 BENEFITS GUIDE 21
Flexible Spending Accounts (FSAs) let you pay for eligible health care and dependent care Consider an FSA.
expenses with pre-tax dollars. Your contributions to an FSA are deducted from your Using a Flexible Spending Account to cover
paycheck before your taxes are calculated, reducing your taxable pay and helping you take eligible out-of-pocket health care and
home more of your own money. dependent care expenses can reduce your
Capgemini ofers two types of FSAs: the Health Care FSA and the Dependent Care taxes and save you money.
FSA. These two accounts are separate. You must enroll in each account separately and
choose how much to contribute to each account. Funds cannot be transferred from one Wondering how much to contribute to
FSA to the other. an FSA?
You must enroll in these plans for each year you wish to participate. Your participation will Use the FSA Calculator Tool to help you
not automatically roll over from one plan year to the next. estimate your annual expenses and tax
savings under each type of FSA.
Dependent Care FSA
Dependent Care FSA:
Your Dependent Care FSA can help you pay for day care, preschool, nursery school, nanny https://www.wageworks.com/employees/
or elder care expenses. To participate, you and your spouse (if married) must be unable to support-center/fsa-savings-calculator
care for your dependents because of work or school schedules. The care can be provided in
your home as long as the caregiver is not your spouse or claimed as a dependent on your Health Care FSA:
federal income tax return. Dependent children must be under age 13 to qualify. If the care is https://www.wageworks.com/employees/
for an elderly parent or disabled spouse, the dependent must spend at least eight hours a support-center/hsa-compatible-fsa-
day in your home. calculator/
You may contribute $5,000 for 2017 to your Dependent Care FSA. If you are married and ile
a separate return, the maximum contribution is $2,500 for 2017. Get the WageWorks EZ
Receipts mobile app.
Depending on your household income, it may be more advantageous to claim dependent
care expenses as a credit on your federal income tax return than to fund a Dependent Care With the WageWorks EZ Receipts app, you
FSA. You should consult with a tax advisor. can quickly, easily and securely view your
FSA balances, pay and beneits, claims
For general guidelines about expenses eligible under the Dependent Care FSA, refer to IRS information and more. To download the app,
tax Publication 503 (available online at http://www.irs.gov/Forms-&-Pubs ). go to https://www.wageworks.com/
For reimbursement of eligible expenses, please contact WageWorks at 1-877-924-3967 or employees/account-management/
go to the WageWorks Flexible Spending Service Center at www.wageworks.com . wageworks-ez-receipts-mobile-app/ .
CAPGEMINI 2017 BENEFITS GUIDE 21
