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at-bat: Flexible spending accounts
Flexible SPending Accounts at-a-glance
Health Care FSA
Limited Purpose Health care FSA* Dependent Care FSA
How much you can Contribute up to $2,650 Contribute up to $5,000
contribute each year (Up to $2,500 if you file taxes as “married, filing
separately.” Your contribution cannot be greater than
your spouse’s annual salary.)
Eligible dependents Eligible dependents include: Eligible dependents include:
Your children for whom you are a legal guardian, Your children under age 13;
who depend on you for financial support and Your spouse, if physically or mentally incapable
you claim as dependents on your income tax of self-care; and
return; and Any person residing in your household and
Your legal spouse considered a dependent for tax purposes who
is physically or mentally incapable of self-care,
regardless of age
How you are Use up to the total amount you contributed for Use up to the amount of current contributions in
reimbursed the plan year your account; if your expense is greater than your
Pay for eligible expenses with the WageWorks account balance, you will be reimbursed once you
Healthcare Visa card have contributed enough to pay for the expense
Pay yourself back (i.e., request reimbursement) Arrange to have payments made directly to your
dependent care provider or be reimbursed for
payments you make
Effect on future The amount of your future Social Security benefits may be slightly reduced because neither you nor
benefits Sterling Mets, LP will pay Social Security taxes on your FSA contributions. Your Social Security benefit
will not be reduced at all if your earnings after your FSA deductions are more than the Social Security
Wage Base ($128,700 for 2018).
*Only if you elect the HDHP with HSA.
Manage Your Fsas Online Manage Your Fsas on the go
When you log in to your account online, you can: Scan the Apple or Android code below to download
the WageWorks EZ Receipts mobile app from your
View your benefits, FSA profile and account balances
smartphone or tablet. When you do, you can manage
View alerts and messages your FSA benefits on the go.
Use the health care and dependent care FSA calculators to
estimate expenses
Click on the snapshot below, to go directly to the WageWorks For Apple For Android
website.
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