Page 19 - 2015 Enrollment Guide
P. 19
AIP Aerospace Holdings, LLC
FSA Reimbursement Grace
Period
Ineligible Dependent Care Expenses
X Tuition cost of a pre-school that is not associated with day care It is important to plan your expenses
carefully as AIP Aerospace allows a
services 2½ month grace period to use leftover
X Tuition cost of schooling for irst grade and above funds. This grace period applies to both
a Healthcare FSA and a Dependent Care
X Housekeeper/nanny services in the home that is not associated FSA. During this time frame, you may
with care of a dependent incur eligible FSA expenses and use
X Education related fees for classes or camps not associated with care the funds remaining in your account to
cover those expenses. After this grace
of a dependent period, any unused amount from the
X Entertainment related expenses plan year is forfeited.
X Deposits associated with the inception of childcare
X Materials fee (e.g., books, clothing, food; etc.)
X Late fees for delinquent accounts
X After-hours care not associated with work
Substantiation and Submission of Claims
If you incur eligible Healthcare expenses which cannot be auto-
substantiated and/or are declined via debit card, you will be required
to submit claim forms to Discovery Beneits for processing and
reimbursement. Dependent Care claims will be reimbursed only up to
your account’s current balance. If a dependent care expense exceeds
the dependent care balance you’ll be reimbursed the additional amount
as contributions are made to your account through your payroll
deductions.
19
FSA Reimbursement Grace
Period
Ineligible Dependent Care Expenses
X Tuition cost of a pre-school that is not associated with day care It is important to plan your expenses
carefully as AIP Aerospace allows a
services 2½ month grace period to use leftover
X Tuition cost of schooling for irst grade and above funds. This grace period applies to both
a Healthcare FSA and a Dependent Care
X Housekeeper/nanny services in the home that is not associated FSA. During this time frame, you may
with care of a dependent incur eligible FSA expenses and use
X Education related fees for classes or camps not associated with care the funds remaining in your account to
cover those expenses. After this grace
of a dependent period, any unused amount from the
X Entertainment related expenses plan year is forfeited.
X Deposits associated with the inception of childcare
X Materials fee (e.g., books, clothing, food; etc.)
X Late fees for delinquent accounts
X After-hours care not associated with work
Substantiation and Submission of Claims
If you incur eligible Healthcare expenses which cannot be auto-
substantiated and/or are declined via debit card, you will be required
to submit claim forms to Discovery Beneits for processing and
reimbursement. Dependent Care claims will be reimbursed only up to
your account’s current balance. If a dependent care expense exceeds
the dependent care balance you’ll be reimbursed the additional amount
as contributions are made to your account through your payroll
deductions.
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