Page 27 - 2019 CommScope AE
P. 27
Flexible Spending Account
CommScope employees have the opportunity to enroll
in Healthcare and Dependent Care Flexible Spending CommScope Benefits
Accounts in 2019. FSA beneits are administered Service Center
through Discovery Beneits. Go to the CommScope Spectrum homepage and
Flexible spending accounts (FSA) allow you to access the U.S. employee beneits website
contribute pre-tax dollars to an account and use them www.commscopeconnect.com
within the year for eligible healthcare expenses and 833.554.4110
dependent care expenses. You can research what Discovery Benefits
is considered an eligible expense through the U.S. www.discoverybeneits.com
employee beneits website and go to the Discovery 866.451.3399
Beneits homepage. Download the free Discovery Beneits mobile
How to Access Funds app from your smartphone’s app store
Healthcare FSA: Pay for eligible expenses with your Carefully consider your healthcare expenses for the
FSA debit card (which deducts monies from your FSA year before pledging your amount. You may want
directly) or pay for your eligible expense up front and to consider what claims you had in 2018 to help you
reimburse yourself from your FSA. Remember to keep decide how much you may want to put into an FSA.
all receipts. Your full annual election amount will be The amount you decide to contribute will be deducted
available at the beginning of the plan year. from your paychecks throughout the course of the year
Dependent Care FSA: Pay for all eligible dependent for the Healthcare FSAs. At each year’s end, you will
care expenses and submit a request for reimbursement have a two and a half month grace period in which you
from Discovery Beneits. Your annual election amount will be able to use leftover funds from the prior year.
is funded on a per paycheck basis. You are eligible for After this time any funds still unused will be forfeited.
reimbursement only for amounts you have contributed. Limited FSA
The IRS sets annual limits on the amount you can
contribute to healthcare and dependent care FSAs. You For employees who enroll in Health & Investment Plan
can make the following contributions for 2019: A or Plan B, you can only enroll in a “Limited FSA.” A
Healthcare FSA: up to $2,650 (or any higher limit Limited FSA allows you to pay for only eligible dental
announced by the IRS for 2019) and vision expenses and allows you to remain eligible
to contribute to an HSA.
Dependent Care FSA: up to $5,000 per household
(see below for additional limits)
z $2,500 per year if you are married and ile a Another advantage of participating in an HSA is that
you will also have access to a Limited FSA for dental and
separate tax return or $5,000 per year if you vision expenses. If you have expected dental and vision
are married and ile a joint tax return or if you expenses in the coming year, consider contributing to
ile as single or head of household an FSA and using that money to pay those expenses
so your HSA balance can continue to grow tax-free.
Remember, any unused balance is forfeited at the end of
the year.
27
CommScope employees have the opportunity to enroll
in Healthcare and Dependent Care Flexible Spending CommScope Benefits
Accounts in 2019. FSA beneits are administered Service Center
through Discovery Beneits. Go to the CommScope Spectrum homepage and
Flexible spending accounts (FSA) allow you to access the U.S. employee beneits website
contribute pre-tax dollars to an account and use them www.commscopeconnect.com
within the year for eligible healthcare expenses and 833.554.4110
dependent care expenses. You can research what Discovery Benefits
is considered an eligible expense through the U.S. www.discoverybeneits.com
employee beneits website and go to the Discovery 866.451.3399
Beneits homepage. Download the free Discovery Beneits mobile
How to Access Funds app from your smartphone’s app store
Healthcare FSA: Pay for eligible expenses with your Carefully consider your healthcare expenses for the
FSA debit card (which deducts monies from your FSA year before pledging your amount. You may want
directly) or pay for your eligible expense up front and to consider what claims you had in 2018 to help you
reimburse yourself from your FSA. Remember to keep decide how much you may want to put into an FSA.
all receipts. Your full annual election amount will be The amount you decide to contribute will be deducted
available at the beginning of the plan year. from your paychecks throughout the course of the year
Dependent Care FSA: Pay for all eligible dependent for the Healthcare FSAs. At each year’s end, you will
care expenses and submit a request for reimbursement have a two and a half month grace period in which you
from Discovery Beneits. Your annual election amount will be able to use leftover funds from the prior year.
is funded on a per paycheck basis. You are eligible for After this time any funds still unused will be forfeited.
reimbursement only for amounts you have contributed. Limited FSA
The IRS sets annual limits on the amount you can
contribute to healthcare and dependent care FSAs. You For employees who enroll in Health & Investment Plan
can make the following contributions for 2019: A or Plan B, you can only enroll in a “Limited FSA.” A
Healthcare FSA: up to $2,650 (or any higher limit Limited FSA allows you to pay for only eligible dental
announced by the IRS for 2019) and vision expenses and allows you to remain eligible
to contribute to an HSA.
Dependent Care FSA: up to $5,000 per household
(see below for additional limits)
z $2,500 per year if you are married and ile a Another advantage of participating in an HSA is that
you will also have access to a Limited FSA for dental and
separate tax return or $5,000 per year if you vision expenses. If you have expected dental and vision
are married and ile a joint tax return or if you expenses in the coming year, consider contributing to
ile as single or head of household an FSA and using that money to pay those expenses
so your HSA balance can continue to grow tax-free.
Remember, any unused balance is forfeited at the end of
the year.
27
