Page 10 - 2015 Reznor Salary Enrollment Guide
P. 10
Open
Enrollment
Examples of Eligible
Expenses for FSA/HSA
Accounts Flexible Spending Accounts (FSAs) Also
Doctor visit copays Available
Prescription drug copays HRA and FSA: Plan Very Carefully
Medical and dental deductibles HRA participants can participate in the company’s FSA to apply pre-
Hearing aids tax dollars to healthcare and dependent child care expenses during the
plan year. You can deposit up to $2,500 annually into the healthcare
Eye glasses FSA and $5,000 annually into the dependent care FSA. The HRA will
Contacts reimburse all eligible expenses in the medical plan before the FSA does.
In addition, you can use your FSA to cover copays and non-covered
Contact lens solution
dental and vision expenses.
Dental services
Orthodontia Planning for any dependent child care expenses will not be affected at
all by the HRA. Consider those savings as you would in any other plan
Acupuncture
year.
Laser vision correction surgery
HSA and FSA: Only Allowed With Dependent Care FSA
IRS rules prohibit an employee from having a Healthcare FSA and an
HSA at the same time. In addition, you may not contribute to an HSA
while your spouse is contributing to an FSA through their employer.
Conversely, a spouse may not contribute to an FSA while you are
contributing to an HSA.
The IRS requires participants in the HSA plan to use only the HSA
plan for healthcare expenses. That means that HSA participants can use
the company’s FSA only for dependent child care expenses.
If you are used to using the FSA for healthcare related expenses,
redirect those dollars for 2015 as voluntary contributions into your
HSA account and use the FSA only for dependent child care expenses.
10
Enrollment
Examples of Eligible
Expenses for FSA/HSA
Accounts Flexible Spending Accounts (FSAs) Also
Doctor visit copays Available
Prescription drug copays HRA and FSA: Plan Very Carefully
Medical and dental deductibles HRA participants can participate in the company’s FSA to apply pre-
Hearing aids tax dollars to healthcare and dependent child care expenses during the
plan year. You can deposit up to $2,500 annually into the healthcare
Eye glasses FSA and $5,000 annually into the dependent care FSA. The HRA will
Contacts reimburse all eligible expenses in the medical plan before the FSA does.
In addition, you can use your FSA to cover copays and non-covered
Contact lens solution
dental and vision expenses.
Dental services
Orthodontia Planning for any dependent child care expenses will not be affected at
all by the HRA. Consider those savings as you would in any other plan
Acupuncture
year.
Laser vision correction surgery
HSA and FSA: Only Allowed With Dependent Care FSA
IRS rules prohibit an employee from having a Healthcare FSA and an
HSA at the same time. In addition, you may not contribute to an HSA
while your spouse is contributing to an FSA through their employer.
Conversely, a spouse may not contribute to an FSA while you are
contributing to an HSA.
The IRS requires participants in the HSA plan to use only the HSA
plan for healthcare expenses. That means that HSA participants can use
the company’s FSA only for dependent child care expenses.
If you are used to using the FSA for healthcare related expenses,
redirect those dollars for 2015 as voluntary contributions into your
HSA account and use the FSA only for dependent child care expenses.
10
