Page 25 - 2018 Capgemini Enrollment
P. 25
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 an FSA to cover eligible out-of-pocket
paycheck before your taxes are calculated, reducing your taxable pay and helping you take health care and dependent care expenses
home more of your own money. can reduce your taxes and save you money.
Capgemini ofers two types of FSAs: the Health Care FSA and the Dependent Care FSA.
These two accounts are separate. You must enroll in each account separately and choose Wondering how much to contribute to
how much to contribute to each account. Funds cannot be transferred from one FSA to an FSA?
the other.
Use the FSA Calculator Tool to help you
You must enroll in these plans for each year you wish to participate. Your participation will estimate your annual expenses and tax
not automatically roll over from one plan year to the next. savings under each type of FSA.
Dependent Care FSA Dependent Care FSA:
https://www.wageworks.com/employees/
Your Dependent Care FSA can help you pay for day care, preschool, nursery school, nanny support-center/dependent-care-savings-
or elder care expenses. To participate, you and your spouse (if married) must be unable to 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/fsa-savings-calculator/
day in your home.
You may contribute $5,000 for 2018 to your Dependent Care FSA. If you are married and ile Get the WageWorks EZ
a separate return, the maximum contribution is $2,500 for 2018. Receipts mobile App.
Depending on your household income, it may be more advantageous to claim dependent With the WageWorks EZ Receipts App, you
care expenses as a credit on your federal income tax return than to fund a Dependent Care can quickly, easily and securely view your
FSA. You should consult with a tax advisor. FSA balances, pay and beneits, claims
information and more. To download the App,
For general guidelines about expenses eligible under the Dependent Care FSA, refer to IRS go to https://www.wageworks.com/
Publication 503 (available online at https://www.irs.gov/forms-instructions ). employees/account-management/
For reimbursement of eligible expenses, please contact WageWorks at 1-877-924-3967 or wageworks-ez-receipts-mobile-app/ .
go to the WageWorks Flexible Spending Service Center at www.wageworks.com .
CAPGEMINI 2018 BENEFITS GUIDE 22
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 an FSA to cover eligible out-of-pocket
paycheck before your taxes are calculated, reducing your taxable pay and helping you take health care and dependent care expenses
home more of your own money. can reduce your taxes and save you money.
Capgemini ofers two types of FSAs: the Health Care FSA and the Dependent Care FSA.
These two accounts are separate. You must enroll in each account separately and choose Wondering how much to contribute to
how much to contribute to each account. Funds cannot be transferred from one FSA to an FSA?
the other.
Use the FSA Calculator Tool to help you
You must enroll in these plans for each year you wish to participate. Your participation will estimate your annual expenses and tax
not automatically roll over from one plan year to the next. savings under each type of FSA.
Dependent Care FSA Dependent Care FSA:
https://www.wageworks.com/employees/
Your Dependent Care FSA can help you pay for day care, preschool, nursery school, nanny support-center/dependent-care-savings-
or elder care expenses. To participate, you and your spouse (if married) must be unable to 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/fsa-savings-calculator/
day in your home.
You may contribute $5,000 for 2018 to your Dependent Care FSA. If you are married and ile Get the WageWorks EZ
a separate return, the maximum contribution is $2,500 for 2018. Receipts mobile App.
Depending on your household income, it may be more advantageous to claim dependent With the WageWorks EZ Receipts App, you
care expenses as a credit on your federal income tax return than to fund a Dependent Care can quickly, easily and securely view your
FSA. You should consult with a tax advisor. FSA balances, pay and beneits, claims
information and more. To download the App,
For general guidelines about expenses eligible under the Dependent Care FSA, refer to IRS go to https://www.wageworks.com/
Publication 503 (available online at https://www.irs.gov/forms-instructions ). employees/account-management/
For reimbursement of eligible expenses, please contact WageWorks at 1-877-924-3967 or wageworks-ez-receipts-mobile-app/ .
go to the WageWorks Flexible Spending Service Center at www.wageworks.com .
CAPGEMINI 2018 BENEFITS GUIDE 22
