Get the free 2013 Flexible Spending Account Handbook - Wayne State University - nau
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Office of Student Financial Aid EARP Dependent Affidavit 2012 & 2013 Tax Years Dependent s Name (please print) Dependent s NAU ID # (if attending NAU) Dependent s Social Security # By signing and
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How to fill out 2013 flexible spending account
How to fill out 2013 flexible spending account:
01
Gather all necessary documentation: Make sure to have your employee identification number, social security number, and any previous year's unused funds information ready.
02
Determine your contribution amount: Decide how much money you want to allocate to your flexible spending account for 2013. Consider your anticipated medical and dependent care expenses for the year.
03
Enroll in your employer's flexible spending account program: Contact your company's HR department or benefits administrator to sign up for the 2013 flexible spending account program.
04
Complete the enrollment forms: Fill out all required forms accurately and provide any requested information or documentation. Pay attention to deadlines, as some employers have limited open enrollment periods.
05
Understand eligible expenses: Familiarize yourself with the IRS guidelines regarding eligible expenses for flexible spending accounts. This will help you determine which expenses can be reimbursed through your account.
06
Track your expenses: Throughout the year, keep records of any eligible expenses incurred. This can include medical bills, prescription payments, or childcare receipts.
07
Submit reimbursement requests: When you have eligible expenses, submit a reimbursement request form to your flexible spending account administrator. Attach any necessary supporting documentation.
08
Keep track of your account balance: Stay aware of your remaining balance throughout the year to ensure you utilize your funds before the year-end deadline. Unused funds may be forfeited, depending on your employer's policy.
Who needs 2013 flexible spending account:
01
Employees with anticipated medical expenses: Individuals who expect to have medical costs throughout the year can benefit from a flexible spending account. This account allows them to set aside pre-tax dollars to cover medical bills, prescriptions, and other eligible healthcare expenses.
02
Families with dependent care expenses: Parents who require childcare services or have dependent care expenses for elderly or disabled family members can utilize a flexible spending account to save money on these costs.
03
Individuals with predictable dental or vision expenses: If you know you will require dental work or vision-related expenses such as glasses or contact lenses, a flexible spending account can help offset these costs.
It is important to consult with your employer or a financial advisor to understand the specific rules and guidelines regarding 2013 flexible spending accounts.
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What is flexible spending account handbook?
The flexible spending account handbook is a document that outlines the rules and regulations for employees to participate in a flexible spending account program.
Who is required to file flexible spending account handbook?
Employers are required to provide the flexible spending account handbook to their employees.
How to fill out flexible spending account handbook?
Employees need to carefully read and follow the instructions in the handbook to fill out the necessary forms and submit them to their employer.
What is the purpose of flexible spending account handbook?
The purpose of the flexible spending account handbook is to educate employees on how they can use pre-tax dollars to pay for eligible medical expenses.
What information must be reported on flexible spending account handbook?
The flexible spending account handbook must include details on eligible expenses, contribution limits, reimbursement process, and important deadlines.
When is the deadline to file flexible spending account handbook in 2023?
The deadline to file the flexible spending account handbook in 2023 is typically before the start of the plan year, which is usually January 1st.
What is the penalty for the late filing of flexible spending account handbook?
The penalty for late filing of the flexible spending account handbook may vary depending on the specific rules of the plan, but typically it can result in the loss of pre-tax benefits for employees.
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