your healthcare fsahr.fhda.edu/_downloads/fsa hca overview ppt.pdf · what you get • less risk,...
TRANSCRIPT
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
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YourHealthcareFSAFlexible SpendingAccountwithCarryover
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
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WhatisaHealthcareFSAwithCarryover?
• Pre-taxbenefit accountthatpaysforeligibleexpensesnotcoveredbyinsurance§ Medicalexpenses§ Dentalexpenses§ Visionexpenses
• Nowcarryoverupto$500attheendoftheplanyear§ Nomore“useitorloseit”
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
®
WhyYouNeedIt
• Saveanaverageof30%oneverydayhealthcareexpenses
• Useseveraleasy,no-hassle paymentandreimbursementoptions
• Accessyourfullelectionamount startingondayone
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
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HowItWorks
① Determinehowmuchtocontribute§ Estimatehowmuchyou’llneed§ Electhowmuchtocontribute
② Fundsaretakenfromyourpaycheckbeforetaxes
③ Startsavinguptohundreds ofdollarsinoneyear§ Savingsresultfromloweroveralltaxes
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
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WhatYouGet
• LessRisk,LessWorry§ Carryoverupto$500leftinyouraccountwhentheplanyearends
§ Nomore“useitorloseit”risk
• MoreFlexibility§ Spendyourmoneywhenandhowitsuitsyoubest§ Noneedtorushtospendattheendoftheplanyear
• MoreSavings§ LessriskmeansyoucanincreaseyoursavingsbyusingyourFSAmore
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
®
HowYouUseIt
UseyourWageWorksCardtopayinstantly
• Workslikeadebitcard,justswipeandgo
• FundscomedirectlyfromyourHealthcareFSA
• NoPINrequired
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
®
NoCard,NoProblem
• PayMyProvider§ Paybillsinstantly,directly,online
§ Doctorbills,orthodontiaandmore
• PayMeBack§ Traditionalclaims§ Fastreimbursement
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
®
HowYouManageIt
UseWageWorksEZReceipts®• Fileaclaimandgetreimbursedquickly• Viewtransactionsandbenefitaccount
balancesusingasinglelogin• Snapaphotoofreceiptsandsubmitthem
forpayment• Receive confirmationemailswhenclaims
arereceived, processed, orpaid• Receive textmessageswhencardverification
isrequired, atransaction isdenied,oraclaimhasbeenprocessed
OronlineatWageWorks.com
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
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HowMuchYouCanContribute
• Maximumof$2,550§ IRSsetsthecontributionsguidelines§ Contributionlimitsmaychangeduringtheyear
• Fullamountavailableondayone§ Youcanaccessyourfullelectionamountonthefirstdayofthenewplanyear
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
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EligibleExpensesUseYourHealthcareFSAtopayfor:• Prescriptions foralmostanymedicalcondition• Prescribed over-the-counter medicines,e.g.aspirin,
coughsyrup• Co-payments, co-insurance, anddeductibles• Dentalcare,bothpreventive andrestorative• Orthodontia, childandadult• Visioncare,eyeglasses, contactlenses, solutions• Eyesurgery, includinglaservisioncorrection• Counselingandtherapy• Psychologyandpsychiatry• Chiropractic careandacupuncture• Seewww.wageworks.com/mynewfsa formore
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HowYouGetIt
Enrollonlineorbyphone:• Follow[EmployerName’s]instructions• Visit[Insertemployer’sbenefitsurl]• Orcall[Insertemployerenrollmentphone#]
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©2014-16WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.
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©2014-2016WageWorks,Inc.Allrightsreserved.Thisdocumentcontainsproprietaryand/orconfidentialworkproductthatbelongstoWageWorks,Inc.andmaynotbeused,reproduced,modified,displayedordistributedwithoutthepriorwrittenconsentofWageWorks,Inc.