IT’S ALL ABOUT MY FINANCIAL WELLNESS FLEXIBLE SPENDING ACCOUNTS wexinc.com WEX benefits mobile app When you set aside your pay, pre-tax, in a flexible spending accounts (FSA), you reduce your taxable income, meaning you’ll pay less in taxes next year when you file. You must re-enroll in the FSAs each plan year.
UPDATE YOUR INFORMATION
Health Care FSA The Health Care Flexible Spending Account (HCFSA) is offered to those not enrolled in an HDHP to pay for copays, deductibles, coinsurance, prescriptions, dental care, glasses, and other eligible health-related expenses for you and your tax dependents. The HCFSA can roll over up to $640 in 2024, but all other unused funds are lost at the end of the plan year. To keep your rolled over funds, you must re-enroll in the HCFSA plan year. Dependent Care FSA If you enrolled in the Dependent Care Flexible Spending Account (DCFSA) during enrollment, make sure you’re submitting your childcare expenses while you are at work for children under age 13 or older dependents who are incapable of self-care. That includes costs for things like babysitters, summer day camps, and elder care.
MY HEALTH BENEFITS
FOCUS IS MY FAMILY
HELP WITH STRESS, ANXIETY AND DEPRESSION
FINANCIAL WELLNESS
WHAT ELSE AVERITT OFFERS
At the end of each benefits year all unused funds will be forfeited.
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