FLEXIBLE SPENDING ACCOUNT (FSA)
Private Prep is offering a Flexible Spending Account (FSA) through Discovery for 2024.
This is how an FSA works:
• You contribute into an FSA directly from your paycheck before taxes are taken out. • Then use your pre-tax FSA funds throughout the plan year to pay for eligible health care or dependent care expenses. • You save money on expenses you’re already paying for.
You can contribute up to $3,200 per year in pre-tax dollars into an FSA. Refer to your FSA documentation for more details.
DEPENDENT CARE FSA ELIGIBLE EXPENSES
HEALTH FSA ELIGIBLE EXPENSES
• Medical expenses: co-pays, co- insurance, and deductibles • Dental expenses: exams, cleanings, X- rays, and braces • Vision expenses: exams, contact lenses and supplies, eyeglasses, and laser eye surgery • Professional services: physical therapy, chiropractor, and acupuncture • Prescription drugs and insulin • Over-the-counter health care items: bandages, pregnancy test kits, blood pressure monitors, etc.
• Care for your child who is under age 13 • Before and after-school care • Baby sitting and nanny expenses • Day care, nursery school, and preschool • Summer day camp • Care for a relative who is physically or mentally incapable of self-care and lives in your home
You cannot enroll in the FSA if you have an HSA.
Refer to your FSA documentation for more information.
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PRIVATE PREP BENEFITS GUIDE
FSA I
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