Page 15 - MMCS Benefit Guide 2019 FINAL

Flexible Spending Accounts

PLAN YEAR: JANUARY 1 — DECEMBER 31
You can set aside money in Flexible Spending Accounts (FSA) before taxes are deducted to pay for certain health and
dependent care expenses, lowering your taxable income and increasing your take home pay. Only expenses for services
incurred during the plan year are eligible for reimbursement from your accounts. If you enrolled in a Flexible Spending
Account, you will receive a FlexToday debit card at your home address on file. You will be able to use your debit card to pay
for eligible expenses or you may submit claims to FlexToday. If you submit a claim instead of using the debit card, you will be
reimbursed by FlexToday by direct deposit or a physical check. Please note that for the Transit plan, you must use the debit
card.

Please remember that if you are using your debit card, you must save your receipts, just in case FlexToday needs a copy for
verification. Also, all receipts should be itemized to reflect what product or service was purchased. Credit card receipts are
not sufficient per IRS guidelines.

FlexToday | Medical Flexible Spending Account (Med FSA)
This plan is used to pay for expenses not covered under your health plans, such as deductibles, coinsurance, copays and
expenses that exceed plan limits.

FSAs offer sizable tax advantages. The trade‐off is that these accounts are subject to strict IRS regulations, including the use‐it
‐or‐lose‐it rule. However, your Flex Plan offers the 2 1/2 month rule extended claim period for your Med FSA. You have until
March 31st to submit claims incurred during the prior plan year and your current year expenses incurred from January 1st to
March 15th are eligible to be paid out of either the prior or current plan year if the claims are made by March 31st. Your Med
FSA account is pre-funded and your entire annual election amount is available to you on the first day of your plan year.

FlexToday | Dependent Care Assistance Plan (DCAP)
This plan is used to pay for eligible expenses for your qualified dependent such as costs of childcare (before or after school
programs while you are at work).

Your Flex Plan offers the 2 1/2 month rule extended claim period for your Dependent “Day Care” account. You have until
March 31st to submit claims incurred during the prior plan year and your current year expenses incurred from January 1st to
March 15th are eligible to be paid out of either the prior or current plan year if the claims are made by March 31st.

The use-it-or-lose it rule applies without carryover. The dependent care FSA account is funded as you contribute and funds
need to build up in your account before you may use them.

FlexToday | Commuter Choice Plan
The Company offers a Commuter Choice Plan through FlexToday. The Commuter Choice Plan allows you to pay for work-
related transit and parking expenses with pre-tax dollars. You are able to utilize this plan for the following options:

Mass Transit: Set aside a monthly pre-tax amount to pay for work-related mass transit services (including transit passes and
vanpooling). No cash reimbursement is available, you must use the FlexToday Debit Benefits Card for transit expenses.

Parking: Set aside a monthly pre-tax amount to pay for your work-related parking expenses.

Important Note About FSA: It is important to note that your FSA elections will expire each year on December 31st. If you plan to
participate in the FSA for the upcoming plan year, you are required to re-enroll during the annual FSA open enrollment period held at
the end of each calendar year.
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