Page 17 - 2015 Enrollment Guide
P. 17
AIP Aerospace Holdings, LLC
Flexible
Flexible Spending Accounts (FSAs) Spending
The Healthcare and Dependent Care Flexible Spending Accounts Account
through Discovery Beneits offer you a great way to save money. These You may participate in
accounts allow you to set aside pre-tax money from each paycheck to these accounts even if you
pay for eligible out-of-pocket healthcare and dependent care expenses or your dependents do
that you and your dependents incur throughout the plan year. You may not participate in the AIP
participate in these accounts even if you or your dependents do not Aerospace Holdings, LLC
participate in the AIP Aerospace medical, dental and/or vision plans. medical, dental, and/or
vision plans.
Healthcare Flexible Spending Account
You may set aside an annual maximum deferral of up to $2,500 in the Eligible Healthcare Expenses
Deductibles, copayments,
X
Healthcare FSA to reimburse yourself for eligible healthcare expenses coinsurance
not covered under the medical, prescription drug, dental or vision
plans. Reimbursements can be made for most expenses that would X Prescription drugs and medicines
qualify for a healthcare deduction on your income tax return. X Over-the-counter medications
that are medically necessary
Please Note: IRS regulations prohibit qualiied HSA plan participants (doctor’s prescription required)
from contributing to both a health savings account (HSA) and lexible X Hearing aids, batteries and exams
spending account (FSA) during the same plan year.
X Prosthetic, orthopedic, and
FSA Debit Card Process orthotic devices
If you enroll in the Healthcare FSA, Discovery Beneits will X Acupuncture, chiropractic, and
automatically send you a FSA debit card to your home. Use is limited physical therapy visits
to qualiied locations for eligible products and services. Many eligible X Smoking cessation programs
transactions can be auto-substantiated at the point of service. However, X Vision care (exams, glasses,
there are certain purchases that may decline and require you to submit contacts, Lasik surgery)
receipts to validate the expense. You will be reimbursed by Discovery
Beneits for these purchases once the expense has been approved. X Dental care (including
orthodontia)
17
Flexible
Flexible Spending Accounts (FSAs) Spending
The Healthcare and Dependent Care Flexible Spending Accounts Account
through Discovery Beneits offer you a great way to save money. These You may participate in
accounts allow you to set aside pre-tax money from each paycheck to these accounts even if you
pay for eligible out-of-pocket healthcare and dependent care expenses or your dependents do
that you and your dependents incur throughout the plan year. You may not participate in the AIP
participate in these accounts even if you or your dependents do not Aerospace Holdings, LLC
participate in the AIP Aerospace medical, dental and/or vision plans. medical, dental, and/or
vision plans.
Healthcare Flexible Spending Account
You may set aside an annual maximum deferral of up to $2,500 in the Eligible Healthcare Expenses
Deductibles, copayments,
X
Healthcare FSA to reimburse yourself for eligible healthcare expenses coinsurance
not covered under the medical, prescription drug, dental or vision
plans. Reimbursements can be made for most expenses that would X Prescription drugs and medicines
qualify for a healthcare deduction on your income tax return. X Over-the-counter medications
that are medically necessary
Please Note: IRS regulations prohibit qualiied HSA plan participants (doctor’s prescription required)
from contributing to both a health savings account (HSA) and lexible X Hearing aids, batteries and exams
spending account (FSA) during the same plan year.
X Prosthetic, orthopedic, and
FSA Debit Card Process orthotic devices
If you enroll in the Healthcare FSA, Discovery Beneits will X Acupuncture, chiropractic, and
automatically send you a FSA debit card to your home. Use is limited physical therapy visits
to qualiied locations for eligible products and services. Many eligible X Smoking cessation programs
transactions can be auto-substantiated at the point of service. However, X Vision care (exams, glasses,
there are certain purchases that may decline and require you to submit contacts, Lasik surgery)
receipts to validate the expense. You will be reimbursed by Discovery
Beneits for these purchases once the expense has been approved. X Dental care (including
orthodontia)
17
