Page 15 - Work Life and Benefits Booklet 2018 - SW

ShipWorks provides you with an opportunity to participate in two different Flexible Spending Accounts (FSA) administered through Igoe.

FSAs allow you to set aside a portion of your income, before taxes, to pay for qualified health care and/or dependent care expenses. Because that portion of
your income is not taxed, you pay less in Federal income tax, Social Security tax, and Medicare tax. The end result is that you decrease your taxable income
and increase your take-home pay.

The FSA plan year is January 1, 2018 - December 31, 2018.

HEALTH CARE FSA
IMPORTANT FSA RULES
For 2018, you may contribute up to $2,650 to cover eligible health care expenses incurred by you,
your spouse, and your children to age 26. Eligible expenses include: Because FSAs can give you a
significant tax advantage, they must
be administered according to specific
IRS rules:

2.5 MONTH GRACE PERIOD
You can incur claims through March
15, 2019 and must file claims by

Coinsurance, Copays Prescriptions Dental Treatment Eye Exams, Eyeglasses March 31, 2019.
and Deductibles and Orthodontia and Lasik Eye Surgery
After the grace period, unused funds
will be forfeited.
CLICK HERE for a complete list of eligible health care expenses.

Educational Video

Flexible Spending Accounts
http://video.burnhambenefits.com/fsa/