Page 16 - 2016 Open Enrollment Non-Union
P. 16
Beneits Enrollment
Point of Clarification
The healthcare FSA is for eligible Flexible Spending Accounts
medical, prescription drug, dental,
and vision expenses for you and your (FSAs)
dependents
The dependent care FSA is for For those enrolled in the PPO Plan, you continue to have the option
eligible dependent day care expenses to open a health lexible spending account. FSAs are a great way
for children under the age of 13 to set aside pre-tax money to pay for your out-of-pocket health,
or dependents of any age who are
incapable of caring for themselves prescription drug, dental, and vision expenses. Employees are
due to a physical or mental handicap allowed to set aside a maximum of $2,550 into the health lexible
spending account. The dependent care lexible spending account
If you are planning to enroll in will also be offered to employees. You are allowed to set aside up to
the HDHP for 2016 and are also $5,000 annually on a pre-tax basis (per household) for day care, elder
interested in an HSA for eligible care, after-school care, or baby-sitting in your home (subject to IRS
healthcare expenses, you’re ineligible qualiications).
for a Healthcare FSA. You are,
however, able to participate in the You must use all designated funds by the end of the year (“use it or
Limited FSA (LFSA) and use it on lose it”) when participating in a healthcare or dependent care FSA.
dental and vision expenses only. Hussmann’s plan does offer a grace period extension which allows an
Medical expenses cannot be paid additional 75 days to claim reimbursement. If you have money left in
for with the limited FSA (LFSA)/HSA your healthcare FSA and no additional expenses to claim at the end
compatible FSA because they are of the year, you do not have to forfeit the balance. Instead, you can
intended to be paid from your HSA.
use the remaining balance to offset expenses incurred from January 1
If you have eligible dependent care through March 15 of the following year.
expenses, you can enroll in the
dependent care FSA regardless of the When you enroll in the healthcare FSA for the irst time, you
medical plan you choose. automatically receive a Spending account card (debit card), cards are
not available for dependent care FSAs.
Hussmann is proud to sponsor an important feature to our FSA program
called the HEART Act. The HEART Act allows “qualiied reservist
distributions” to those who are called to active duty. Please see your FSA
summary plan description for details.
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Point of Clarification
The healthcare FSA is for eligible Flexible Spending Accounts
medical, prescription drug, dental,
and vision expenses for you and your (FSAs)
dependents
The dependent care FSA is for For those enrolled in the PPO Plan, you continue to have the option
eligible dependent day care expenses to open a health lexible spending account. FSAs are a great way
for children under the age of 13 to set aside pre-tax money to pay for your out-of-pocket health,
or dependents of any age who are
incapable of caring for themselves prescription drug, dental, and vision expenses. Employees are
due to a physical or mental handicap allowed to set aside a maximum of $2,550 into the health lexible
spending account. The dependent care lexible spending account
If you are planning to enroll in will also be offered to employees. You are allowed to set aside up to
the HDHP for 2016 and are also $5,000 annually on a pre-tax basis (per household) for day care, elder
interested in an HSA for eligible care, after-school care, or baby-sitting in your home (subject to IRS
healthcare expenses, you’re ineligible qualiications).
for a Healthcare FSA. You are,
however, able to participate in the You must use all designated funds by the end of the year (“use it or
Limited FSA (LFSA) and use it on lose it”) when participating in a healthcare or dependent care FSA.
dental and vision expenses only. Hussmann’s plan does offer a grace period extension which allows an
Medical expenses cannot be paid additional 75 days to claim reimbursement. If you have money left in
for with the limited FSA (LFSA)/HSA your healthcare FSA and no additional expenses to claim at the end
compatible FSA because they are of the year, you do not have to forfeit the balance. Instead, you can
intended to be paid from your HSA.
use the remaining balance to offset expenses incurred from January 1
If you have eligible dependent care through March 15 of the following year.
expenses, you can enroll in the
dependent care FSA regardless of the When you enroll in the healthcare FSA for the irst time, you
medical plan you choose. automatically receive a Spending account card (debit card), cards are
not available for dependent care FSAs.
Hussmann is proud to sponsor an important feature to our FSA program
called the HEART Act. The HEART Act allows “qualiied reservist
distributions” to those who are called to active duty. Please see your FSA
summary plan description for details.
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