FLEXIBLE SPENDING ACCOUNT (FSA)
Mother is offering a Flexible Spending Account (FSA) for 2024. This is how an FSA works:
• You set aside money for your FSA from your paycheck before taxes are taken out. ($3,200 Max) • 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.
Healthcare FSA Grace Period Extension – Allows employees to incur dates of service up to 12 months after the end of the current plan year, 12/31/23 with a deadline of 3/15/24 to file those eligible claims
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,
• 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
chiropractor, and acupuncture • Prescription drugs and insulin
• Over-the-counter health care items: bandages, pregnancy test kits, blood pressure monitors, etc.
Refer to your FSA documentation for more information.
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MOTHER BENEFITS GUIDE
FSA I
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