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Flexible Spending Account <br /> CHARDSNYDER' <br /> t Chard Snyder <br /> Note:Services must be rendered or purchases made within the plan year of 10/1 -9/30. Employees MUST RE-ENROLL EVERY <br /> YEAR. FSA's do not roll over into the new plan year. <br /> Are you losing money on your family's health and Does the cost of dependent daycare drain too <br /> wellness costs? much of your salary? <br /> A Flexible Spending Account will give you significant savings on Save 25-40%off the cost of dependent daycare by using a <br /> health and wellness costs not covered by insurance. Dependent Daycare Flexible Spending Account. <br /> Pay 25-40% Less for Your Family's Health and Pay Less for Dependent Daycare While You <br /> Wellness Costs Work <br /> Insurance probably doesn't cover all your family's health costs. Dependent daycare is a big drain on family income and <br /> You might have to pay a small copay when you see the doctor or we're all looking for ways to slow the flow. Paying for <br /> maybe even some extra charges if your doctor or hospital is not daycare through a dependent daycare flexible spending <br /> covered by your plan. Maybe you need services your insurance account can help you keep more of your money in your <br /> just doesn't cover. These costs can add up quite a lot over the pocket. <br /> course of a year. <br /> How does it work? <br /> Wouldn't you like to save 25-40%on all those charges? You choose how much to put into the account, and pay <br /> It's Simple dependent daycare expenses using tax-free dollars, up to <br /> You choose how much to put into the account and pay for health a maximum of$5,000 per household. <br /> and wellness expenses using tax-free dollars, up to a maximum Without the FSA you pay for your dependent daycare with <br /> of$2,750 yearly. what's left after taxes have been deducted. Instead of the <br /> Without the FSA you pay for those expenses with what's left $100 you earned,you actually have only$60 to$75 left to <br /> after taxes have been deducted. Instead of the$100 you earned, pay for care. <br /> you actually have only$60 to$75 left to spend. With tax-free dollars, $100 put into your account is $100 <br /> With tax-free dollars,$100 put into your account is$100 you can you can use to pay for daycare. <br /> spend. Your savings will add up quickly. What is an Eligible Expense? <br /> Are There Rules? Any type of daycare you choose: <br /> A few,and they're easy to follow: In-home babysitter Outside babysitter <br /> • You must decide how much you want to put in the plan for the Nursery schools Daycare center <br /> year. After-school activities Latchkey program <br /> • You can't change your mind later (unless you experience Summer day camp Elder daycare <br /> specific work/life events). Elder custodial care <br /> • You must use the money for eligible expenses and keep the Dependent Daycare Isn't Just Kid Stuff <br /> receipts. If your child is 12 or less, this program is for you. If your <br /> • You must spend your money within the deadlines of your plan. dependent of any age can't be left alone for mental or <br /> • You may not spend the money for anything cosmetic. physical reasons,this program is for you. <br /> Use the Benny Card and Save Your Cash Are There Rules? <br /> Benny® helps you keep it all straight. It pays at locations that Yes,but they're simple: <br /> offer eligible merchandise and services...and usually knows • Services you claim must be provided while you and your <br /> exactly what is eligible. When you use the card your payment spouse are at work, looking for work or attending <br /> comes right out of your account. classes as a full-time student. <br /> Don't Think an FSA's for You? • You must decide how much you want to put in the plan <br /> ' You'll be surprised by some of the items eligible for savings: for the year. <br /> Alternative medicine Vision • You can't change your mind later(unless you experience <br /> Childbirth classes With a doctor's note: specific work/life events). <br /> Dental treatment Herbal supplements • You must spend your money within the claims deadline <br /> Learning disability services Massage Therapy for your plan <br /> Medical equipment Weight loss programs • You may only be reimbursed for the amount of money <br /> Prescriptions Stop smoking aids in your plan at the time of your claim. <br /> Speech training • Your provider must report this as income. 54 <br /> 19 <br />