Page 11 - 2018 Metropolitan Development Enrollment
P. 11
Metropolitan Development and Housing Agency
Flexible Spending Accounts The FSA Visa card can be used to
(FSA) pay your portion of the medical
deductible before the HRA pays, as
If you are a newly hired employee, this is your annual opportunity to well as additional eligible expenses.
The HRA will automatically begin
enroll in an FSA. For all other employees, open enrollment for the FSAs to pay the remaining portion of
is held in the fall. the deductible once you have paid
the $750 per individual or $1,500
The healthcare FSA program allows you to set pre-tax money aside to pay per family in-network deductible.
We suggest you wait to pay your
expenses not covered by your medical, dental, or vision insurance. You portion of the deductible and any
can use the healthcare FSA to help pay medical, dental, and vision care remaining expenses until you receive
expenses for you and your dependents. You may use your healthcare FSA your explanation of beneits (EOB)
to cover medical expenses which will not be covered by your Metropolitan from Cigna. This will ensure you are
Development and Housing Agency-funded HRA, including your share of only paying for your portion of the
deductible not funded by the HRA.
deductible expenses.
The dependent care FSA program allows you to pay for eligible
dependent care expenses such as child care or after-school care. You can
also use these funds to pay for the care of a disabled dependent. If you
claim an aging parent as your tax dependent you can use these funds to
help pay for elder care costs as well.
WageWorks makes it easy to pay for eligible expenses by using your FSA
Visa card.
Your entire healthcare FSA election is available to you on the irst day of
the year for expenses incurred in 2018. Your dependent care FSA election
is available as you accrue your elections through payroll deductions.
You may roll over up to $500 in unused 2018 healthcare FSA funds to
your 2019 healthcare FSA; however, you must elect to contribute to your
healthcare FSA in 2019 to access any roll-over funds. Unused healthcare
FSA funds in excess of $500 will be forfeited.
You may only request reimbursement for expenses incurred since you
enrolled in the plan.
For a more comprehensive list of how you can spend your FSA program
dollars, visit irs.gov and view the application sections 502 for healthcare
FSA and 503 for dependent care FSA.
11
Flexible Spending Accounts The FSA Visa card can be used to
(FSA) pay your portion of the medical
deductible before the HRA pays, as
If you are a newly hired employee, this is your annual opportunity to well as additional eligible expenses.
The HRA will automatically begin
enroll in an FSA. For all other employees, open enrollment for the FSAs to pay the remaining portion of
is held in the fall. the deductible once you have paid
the $750 per individual or $1,500
The healthcare FSA program allows you to set pre-tax money aside to pay per family in-network deductible.
We suggest you wait to pay your
expenses not covered by your medical, dental, or vision insurance. You portion of the deductible and any
can use the healthcare FSA to help pay medical, dental, and vision care remaining expenses until you receive
expenses for you and your dependents. You may use your healthcare FSA your explanation of beneits (EOB)
to cover medical expenses which will not be covered by your Metropolitan from Cigna. This will ensure you are
Development and Housing Agency-funded HRA, including your share of only paying for your portion of the
deductible not funded by the HRA.
deductible expenses.
The dependent care FSA program allows you to pay for eligible
dependent care expenses such as child care or after-school care. You can
also use these funds to pay for the care of a disabled dependent. If you
claim an aging parent as your tax dependent you can use these funds to
help pay for elder care costs as well.
WageWorks makes it easy to pay for eligible expenses by using your FSA
Visa card.
Your entire healthcare FSA election is available to you on the irst day of
the year for expenses incurred in 2018. Your dependent care FSA election
is available as you accrue your elections through payroll deductions.
You may roll over up to $500 in unused 2018 healthcare FSA funds to
your 2019 healthcare FSA; however, you must elect to contribute to your
healthcare FSA in 2019 to access any roll-over funds. Unused healthcare
FSA funds in excess of $500 will be forfeited.
You may only request reimbursement for expenses incurred since you
enrolled in the plan.
For a more comprehensive list of how you can spend your FSA program
dollars, visit irs.gov and view the application sections 502 for healthcare
FSA and 503 for dependent care FSA.
11
