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Flexible Spending Account​​​s​

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With a flexible spending account (FSA), you can set aside pre-tax dollars each pay period to pay for covered expenses. The best part — you don’t pay federal income tax or Social Security tax on your FSA 
contributions.

There are three FSAs available for participation, all administered by Optum Bank (click to jump to that section):
You can use FSA funds to pay for expenses incurred between Jan. 1, 2019 – March 15, 2020.  If you have rollover HRA funds available, make sure to use those first before using your FSA dollars!


General-purpose healthcare FSA

      • ​You can contribute $100 to $2,650 and use it right away! (subject to use-it-or-lose-it rules)
      • You can use the money to pay for a broad range of expenses, including:
          • Medical, dental and vision expenses not paid by medical plan, including deductibles, copays and coinsurance
          • Prescription drugs 
          • Over-the-counter drugs prescribed by a physician
          • Medical supplies like bandages and contact lens supplies
          • Products like diabetic supplies, hearing aids and wheelchairs
          • Services like orthodontia and laser eye surgery
      • ​​​​​​​​​Yo​u'll receive a new FSA debit card this year because of our switch to Optum Bank. You can use this card to make eligible purchases
      • Your debit card is loaded with your full account balance on Jan. 1
      • You pay into your account through pre-tax paycheck deductions all year
      • If you have rollover funds available in your HRA, make sure those dollars are used first. Once your HRA has been exhausted, you can use FSA funds to pay for additional medical expenses​

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Limited-purpose healthcare FSA
      •  If you choose the HSA plan, you can open a limited-purpose healthcare FSA. You must use HSA dollars to meet your deductible before you can use FSA funds 
      •  You can contribute from $100 to $2,650
      • You'll receive a new FSA debit card this year because of our switch to Optum Bank. You can use this card to make eligible purchases​
      • Your debit card is loaded with your full account balance on Jan. 1
      • You pay into your account through pre-tax paycheck deductions all year
      • You must you HSA dollars to meet your deductible before you can use FSA funds. After meeting your HSA medical plan deductible, you can use FSA funds for all eligible medical / prescription, dental and vision expenses
      • Until you meet your medical plan deductible, you can use your FSA for dental, vision and qualified expenses the medical plan doesn't cover, such as: 
            • Over-the-counter drugs prescribed by a physician
            • Medical supplies like bandages and contact lens supplies
            • Products like diabetic supplies, hearing aids and wheelchairs
            • Services like orthodontia and laser eye surgery
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Dependent day care FSA

Open a dependent day care FSA and use tax-free dollars to pay for child, elder or disabled dependent day care so you and/or your spouse can work, look for work or go to school full time:

        • Contribute from $100 to $5,000 if you're married or a single parent
        • Contribute from $100 to $2,500 each if you're married and filing separately 
        • You pay into your account through pre-tax paycheck deductions all year
        • You can use your funds after they have been set aside into your account
        • You file a claim form to be reimbursed for your expenses

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Here’s an example of how FSAs work. Ashley spends $5,000 a year to send her daughter Kennedy ​to day care. To cover the cost, she contributes $5,000 to a dependent day care FSA throughout the year. Here's how she saves:

Here’s how it works for Ashley Without the FSA With the FSA
Annual pay $30,000 $30,000​
Total annual FSA contribution$0$5,000
Taxable pay$30,000$25,000
Taxes
(Assuming 15% Federal, 7.65% FICA*)
$6,795$5,663
After-tax day care expense$5,000$0
Ashley's annual pay after taxes and day care expenses$18,205$19,337
Amount saved by using the FSA $0 $1,132

 *Employees' share of Social Security and Medicare taxes. 

Want to learn more? Browse our Digital Guide 


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If you previously had a WageWorks account, be sure to keep your debit card. You can continue incurring eligible expenses until March 15, 2019. WageWorks will also manage claims submitted up until the IRS deadline of April 30, 2019.​


​​​​​Enjoy an easier way to manage your flexible spending account with the Optum Bank Mobile app:​ You can pay bills, view transactions, upload receipts and more! Download today on your Apple or Android device or visit optumbank.com 

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