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Flexible Spending Account Office Use Only Approved by 2013 Open Enrollment Oct. 1 Oct. 31, 2012 Date Effective Date See the Summary Plan Description for more information: www.oregon.gov/DAS/PEBB/SPD.shtml
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What is flexible spending account?
A flexible spending account (FSA) is a type of financial account that allows individuals to set aside pre-tax dollars to pay for eligible medical expenses and dependent care expenses.
Who is required to file flexible spending account?
Employees who are offered a flexible spending account by their employer can choose to participate and file for a flexible spending account.
How to fill out flexible spending account?
To fill out a flexible spending account, employees need to determine the amount they want to contribute for the year, complete the necessary enrollment forms, and provide documentation for eligible expenses.
What is the purpose of flexible spending account?
The purpose of a flexible spending account is to help individuals save money on their eligible medical and dependent care expenses by using pre-tax dollars.
What information must be reported on flexible spending account?
Flexible spending account reports typically include detailed information about the employee, the amount contributed, the expenses incurred, and any reimbursements received.
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