Page 13 - Work Life and Benefits Booklet 2020 SDC EDC

Stamps.com 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, dependent care and/or commuter 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, 2020 - December 31, 2020.

HEALTH CARE FSA & LIMITED PURPOSE FSA
IMPORTANT FSA RULES

For 2020, you may contribute up to $2,750 to cover eligible health care expenses incurred by you, your Health Care FSA
spouse, and dependent children. 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
For your HCFSA and LPFSA you can incur
Coinsurance, Copays and Prescriptions Dental Treatment Eye Exams, Eyeglasses claims through March 15, 2021 and must
Deductibles and Orthodontia and Lasik Eye Surgery file claims by March 31, 2021.

After the grace period, unused funds will
be forfeited. Use it or lose it.
HSA Participants: Take advantage of the Limited Purpose FSA for dental & vision expenses. If you
meet your calendar year deductible, your LPFSA funds may also be used for medical. Go to www.fsastore.com for a list of
eligible expenses to spend any unused
funds.

DEPENDENT CARE FSA
Dependent Care FSA
For 2020, you may contribute up to $5,000 (per family) to cover eligible dependent care expenses ($2,500 Unused funds will NOT be returned to
if you and your spouse file separate tax returns). Eligible expenses include: you or carried over to the following year.

You must file claims by March 31, 2021.

Educational Video
Flexible Spending Accounts
Babysitters, nursery schools, preschool or daycare Care of a household member who is physically or http://video.burnhambenefits.com/fsa/
centers for children under age 13 mentally incapable of caring for him/herself and
qualifies as your federal tax dependent