Page 17 - Walter Robbs 2018 Benefit Guide

Flexible Spending Accounts

· Put pre-tax dollars into a flexible spending account to pay for Dependent Care and/or most
unreimbursed health care cost that are not covered by insurance.

· Health Care FSA $2,650 and Dependent Care FSA $5,000.

· Employee can enroll during group annual open enrollment, initial hire enrollment or if
member experiences a qualifying life event.

· Please see How/when to make changes section of this guide for more information regarding
when you can make changes to your elections.

www.sentinelgroup.com

· Any change in annual election due to qualifying life event will only be valid for expenses

acquired from the date of status change through the end of the plan year.

· There is a $500 carryover benefit per year for your Health Care FSA. Any remaining funds, over
$500, after the last day of the plan year will be forfeited as the IRS Use it or Lose it rule
applies.

· Any remaining funds left in your Dependent Care FSA, after the last day of the plan year, will
be forfeited as the IRS Use it or Lose it rule applies.

· Convenient Direct Deposit option to ensure funds are immediately put into spending account.

Secure 24/7 online access to up-to-date account balances and history

Download Sentinel Benefits mobile app.

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