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Your Flexible Spending Account (FSA)

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Your Flexible Spending Account (FSA) Save on health, dependent care with your FSA Use pre-tax dollars for important expenses Health care needs, dependent day care, or ... – PowerPoint PPT presentation

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Title: Your Flexible Spending Account (FSA)


1
Your Flexible Spending Account (FSA)
2
Save on health, dependent day care with your FSA
  • Use pre-tax dollars for important expenses
  • Health care needs, dependent day care, or both
  • For yourself, spouse, dependents

3
Pre-tax savings, made simple
  • Set aside pay before taxes
  • Estimate how much youll need
  • Elect how much to defer
  • Save up to thousands
  • Savings in reduced tax withholding
  • Yours depends on election,tax situation

4
Care you need, savings you want
  • Health care account
  • Out-of-pocket expenses
  • Dental and vision care
  • Prescribed over-the-counter needs
  • You or your dependents
  • Even if theyre not enrolled in your health plan

Over-the-counter (OTC) medicines require a
prescription
5
Health care its covered!
  • FSA health care eligible expenses
  • Prescriptions for almost any medical condition
  • Prescribed over-the-counter medicines, like
    aspirin, antacid, antibiotics
  • Co-payments, co-insurance and deductibles
  • Dental care, both preventive and restorative
  • Orthodontia, child and adult
  • Vision care, eyeglasses, contact lenses,
    solutions
  • Eye surgery, including laser vision correction
  • Counseling and therapy
  • Psychology and psychiatry
  • Chiropractic care and acupuncture
  • See www.takecarewageworks.com for more

6
Adding it up health care savings
Over-the-counter medicines require a prescription
7
Dependent care its covered!
  • FSA dependent care eligible expenses
  • Babysitting or au pair services
  • Before- and after-school programs
  • Day care and nursery schools
  • Summer day camp
  • Pre-school programs
  • Elder care services
  • See www.takecarewageworks.com for more

8
Adding it up dependent care
9
Easy as a debit card
  • Use your take care Card to pay instantly
  • Works like a debit card, just swipe and go
  • Funds come directly from your FSA
  • No PIN required

10
More control, more convenience
  • Pay Me Back
  • Traditional claims
  • Fast reimbursement
  • Online tracking
  • www.takecarewageworks.com

11
MyFlexMobile App and Website
  • Manage your Flex Benefits on the go, anywhere,
    anytime!
  • Type m.takecareWageWorks.com in your mobile
    device browser.
  • Log in with the same username and password you
    use on www.takecareWageWorks.com.
  • Access account balances and election amounts.
  • View important dates such as when you need to
    spend it by.
  • Download the MyFlexMobile App for FREE!
  • MyFlexMobile App is free at the Apple App Store
    and at Android Google Play.
  • Submit receipts and claims from your mobile
    device.
  • Use the App wizard to step through the submittal
    process.
  • Confirmation will be shown on your device.

12
Why enroll?
  • Tax savings
  • Wide range of covered expenses
  • Easy access
  • Flexible options

13
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