Page 24 - Harvard Maintenance Corporate 2022 Benefits Guide
P. 24
Calendar Year 2022
Benefits Enrollment
Flexible Spending Accounts (FSA)
Flexible Spending Accounts (FSA) are great cost savings tools How a Dependent
to help with common medical expenses not covered by your Daycare FSA Works
insurance, and/or dependent care expenses . You can elect a A Dependent Daycare FSA
portion of your salary to be deducted, on a pretax basis, from may be used to reimburse
each paycheck to use for reimbursements of qualiied out-of- a participant for eligible
pocket expenses throughout the plan year . dependent care expenses for
a Qualifying individual incurred
Types of FSAs while you, and your spouse (if
Health FSA you are married), work, look
Dependent Daycare FSA for work, or maintain a full-time
student status . If one parent
PayFlex is the administrator for these plans . is not working or looking for
work, a Dependent Daycare
For more information, visit https://www.paylex.com/products- FSA is not available . You may
and-services/lexible-spending-account . allocate up to $5,000 per tax
Reminder: You must actively elect FSA beneits during open year for reimbursement of
dependent daycare services
enrollment to be covered for the 2022 plan year . ($2,500 if you are married and
ile a separate tax return).
How a Health FSA Works
A Health FSA may be used for the reimbursement of eligible
medical expenses for you, your spouse or dependents (as
deined by Federal tax law), up to the amount you elect to
contribute to the FSA for the year (Max $2,750) . While active in
the plan, carryover funds up to $500 can be used until March 31,
2022 for expenses incurred during 2021 plan year .
Note: if you have a Flexible Health Spending Account or Dependent Spending Account you
MUST actively enroll for the new plan year .
PayFlex Mobile App!
To login, use the same username and password you
use for the PayFlex member website. If you haven’t
set up an online account, get started today by visiting
www.mypaylex.com and clicking “Create Proile”
24
Benefits Enrollment
Flexible Spending Accounts (FSA)
Flexible Spending Accounts (FSA) are great cost savings tools How a Dependent
to help with common medical expenses not covered by your Daycare FSA Works
insurance, and/or dependent care expenses . You can elect a A Dependent Daycare FSA
portion of your salary to be deducted, on a pretax basis, from may be used to reimburse
each paycheck to use for reimbursements of qualiied out-of- a participant for eligible
pocket expenses throughout the plan year . dependent care expenses for
a Qualifying individual incurred
Types of FSAs while you, and your spouse (if
Health FSA you are married), work, look
Dependent Daycare FSA for work, or maintain a full-time
student status . If one parent
PayFlex is the administrator for these plans . is not working or looking for
work, a Dependent Daycare
For more information, visit https://www.paylex.com/products- FSA is not available . You may
and-services/lexible-spending-account . allocate up to $5,000 per tax
Reminder: You must actively elect FSA beneits during open year for reimbursement of
dependent daycare services
enrollment to be covered for the 2022 plan year . ($2,500 if you are married and
ile a separate tax return).
How a Health FSA Works
A Health FSA may be used for the reimbursement of eligible
medical expenses for you, your spouse or dependents (as
deined by Federal tax law), up to the amount you elect to
contribute to the FSA for the year (Max $2,750) . While active in
the plan, carryover funds up to $500 can be used until March 31,
2022 for expenses incurred during 2021 plan year .
Note: if you have a Flexible Health Spending Account or Dependent Spending Account you
MUST actively enroll for the new plan year .
PayFlex Mobile App!
To login, use the same username and password you
use for the PayFlex member website. If you haven’t
set up an online account, get started today by visiting
www.mypaylex.com and clicking “Create Proile”
24
