EMPLOYEE ASSISTANCE PROGRAM (EAP)
FLEXIBLE SPENDING ACCOUNT (FSA)
Unlimited phone support Talk to a licensed professional counselor or work/life specialist over the phone. Compassionate professionals are there to listen, help you define your issues and put you in touch with expert resources in your community for additional support. To reach a counselor 24/7, call 800-854-1446 . Three free in-person counseling sessions When phone support isn’t enough, you or a family member can take advantage of three in-person visits per issue with a licensed professional counselor, included at no additional charge with your EAP. Your counselor will provide short- term support and advice and help you find local resources for ongoing care, if necessary.
Health Advocate , provided by Unum, is our EAP benefits manager. EAP services are available to all associates even if you’re not enrolled in our benefits. Our EAP offers free, confidential services to help you and your family members with a wide range of issues, such as: • Relationship and parenting concerns
What is an FSA? A flexible spending account (FSA) allows you to set aside money from your paycheck to pay health care or dependent care expenses with tax-free dollars. If you choose to participate in the health care or dependent care FSA, you must re-enroll every year. Who is eligible? Associates enrolled in the THP can participate in a Health Care FSA and a Dependent Care FSA. Associates enrolled in the HDHP can participate in the Dependent Care FSA only. Associates not enrolled in either of our medical benefits are eligible for both FSAs. Four advantages of an FSA 1. LOWER TAXES The amount you choose to contribute is deducted from each paycheck before income taxes and Social Security taxes are calculated. This reduces the amount of taxes you pay. 2. ABILITY TO PAY EXPENSES WITH TAX-FREE DOLLARS As you have eligible expenses, you can be reimbursed from your accounts with tax-free dollars. 3. HEALTH CARE FSA FUNDS AVAILABLE IMMEDIATELY The total amount you choose to contribute to your Health Care FSA is available at the beginning of the year. You can spend the dollars in your Dependent Care FSA as they are deposited each pay period. 4. $500 ANNUAL ROLLOVER IN HEALTH CARE FSA You can roll over up to $500 in unused funds in your Health Care FSA at the end of the year if you re-enroll for the following year. The Dependent Care FSA is a use-it-or- lose-it account.
ANNUAL CONTRIBUTION LIMITS
ELIGIBLE EXPENSES
ACCOUNT
Medical, dental and vision expenses, including glasses, contact lenses, prescription medications and orthodontia Day care for children under age 13 or elder care expenses so you and your spouse can work or attend school full time
• $2,850 per year • Minimum:
Health Care FSA
$5 per week
• Stress, anxiety and depression • Legal and financial questions • Referrals for child care and elder care • Management of your finances • Substance use • Travel assistance
• $5,000, or $2,500 if
married and filing separate tax returns
Dependent Care FSA*
• Minimum:
$5 per week
EXAMPLE **
With FSA Without FSA
$50,000
$50,000
Your taxable income
For online resources or to connect to your EAP, visit healthadvocate.personaladvantage.com.
Pre-tax contribution to the Health Care FSA and the Dependent Care FSA
$2,000
$0
Federal and Social Security taxes*
$15,696
$16,350
After-tax dollars spent on eligible expenses Spendable income after expenses Savings with the Health Care and the Dependent Care FSA
$0
$2,000
$32,304
$31,650
$654
N/A
*The Health Care FSA can be used to pay for eligible medical expenses for yourself, your spouse and any dependents you claim on income taxes. The Dependent Care FSA can be used for nonmedical child care (under age 13) and elder care. **This is an example only and may not reflect your actual experience. It assumes a 25% federal income tax marginal rate and a 7.7% FICA marginal rate. State and local taxes vary and are not included in this example. However, you will save on any state and local taxes as well.
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