Page 15 - 2015 Benefits Guide
P. 15
Fontbonne University
Health Care FSA
Participants in the HSA plan cannot participate in the Health A Health Care FSA provides you with
the ability to save money on a pre-
Care FSA. You can, however, participate in a Limited FSA to have tax basis for any IRS-allowed health
immediate access to funds for dental and vision expenses. expenses not covered by your health
care coverage . These expenses include
Dependent Care FSA deductibles, copays and coinsurance
payments, routine physicals, uninsured
A Dependent Care FSA provides you with the ability to save money on dental expenses, vision care expenses
a pre-tax basis for day care expenses for your child, disabled parent, or (i .e ., eyeglasses or contact lenses), and
spouse. Generally, expenses will qualify for reimbursement if they are hearing care expenses (i .e ., a hearing
the result of care for: exam or a hearing aid) .
BeneFLEX is the third party
X Your children, under the age of 13, for whom you are entitled to a administrator for our FSA plans .
personal exemption on your federal income tax return.
X Your spouse or other dependents, including parents, who are Per IRS guidelines, you may
deposit up to $2,550 (pre-tax)
physically or mentally incapable of self-care and rely on you for for the 2015 plan year into your
inancial support. Health Care FSA to cover you and
X Eligible expenses include payments to day care centers, preschool your dependents during the plan
year. Pre-tax contributions are
costs (up to, but not including, irst grade), after school care, and withheld from each paycheck. It is
elderly care. The cost of baby-sitting in a home is permitted—as important to estimate carefully.
long as the person providing the care is not one of your own
children under age 19 or anyone else you claim as a tax exemption
on your federal income tax return. You must provide the social
security or tax ID number of the care provider to be reimbursed
from your Dependent Care FSA.
You may deposit up to $5,000 (pre-tax) into your Dependent Care
FSA. Pre-tax contributions are withheld from each paycheck.
HSA participants may participate in the Dependent Care FSA.
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Health Care FSA
Participants in the HSA plan cannot participate in the Health A Health Care FSA provides you with
the ability to save money on a pre-
Care FSA. You can, however, participate in a Limited FSA to have tax basis for any IRS-allowed health
immediate access to funds for dental and vision expenses. expenses not covered by your health
care coverage . These expenses include
Dependent Care FSA deductibles, copays and coinsurance
payments, routine physicals, uninsured
A Dependent Care FSA provides you with the ability to save money on dental expenses, vision care expenses
a pre-tax basis for day care expenses for your child, disabled parent, or (i .e ., eyeglasses or contact lenses), and
spouse. Generally, expenses will qualify for reimbursement if they are hearing care expenses (i .e ., a hearing
the result of care for: exam or a hearing aid) .
BeneFLEX is the third party
X Your children, under the age of 13, for whom you are entitled to a administrator for our FSA plans .
personal exemption on your federal income tax return.
X Your spouse or other dependents, including parents, who are Per IRS guidelines, you may
deposit up to $2,550 (pre-tax)
physically or mentally incapable of self-care and rely on you for for the 2015 plan year into your
inancial support. Health Care FSA to cover you and
X Eligible expenses include payments to day care centers, preschool your dependents during the plan
year. Pre-tax contributions are
costs (up to, but not including, irst grade), after school care, and withheld from each paycheck. It is
elderly care. The cost of baby-sitting in a home is permitted—as important to estimate carefully.
long as the person providing the care is not one of your own
children under age 19 or anyone else you claim as a tax exemption
on your federal income tax return. You must provide the social
security or tax ID number of the care provider to be reimbursed
from your Dependent Care FSA.
You may deposit up to $5,000 (pre-tax) into your Dependent Care
FSA. Pre-tax contributions are withheld from each paycheck.
HSA participants may participate in the Dependent Care FSA.
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