Get the free 2018 Flexible Spending Account. 2018 Flexible Spending Account

Print Save asResetOffice use only2018 Flexible Spending AccountApproved by:Approved date:Effective date:Submit this completed form to WEBB. For more information and to better understand FSA's go to

How to fill out 2018 flexible spending account

How to fill out 2018 flexible spending account

1. Step 1: Gather all necessary documents and information. This includes your employer's FSA enrollment form, your anticipated medical expenses for the year, and any relevant receipts or bills.
2. Step 2: Review the FSA enrollment form and familiarize yourself with the rules and guidelines of the plan. Pay attention to the eligible expenses, contribution limits, and any specific deadlines.
3. Step 3: Determine the amount you want to contribute to your FSA for the year. Consider your expected medical and healthcare expenses, such as doctor's visits, prescriptions, and eyeglasses. Be mindful of the contribution limit set by your employer.
4. Step 4: Complete the FSA enrollment form accurately. Provide all the required personal information, including your name, address, and employee identification number. Indicate the amount you want to contribute to your FSA for the year.
5. Step 5: Attach any necessary supporting documents, such as receipts or bills, if required by your employer.
6. Step 6: Submit the completed FSA enrollment form and any supporting documents to your employer within the specified deadline. Make sure to keep a copy of the form for your records.
7. Step 7: Monitor your FSA balance and expenses throughout the year. Keep track of your eligible expenses and submit reimbursement claims as necessary. Familiarize yourself with the claim submission process and any deadlines.
8. Step 8: Use your FSA funds for eligible expenses as they arise. Pay attention to any time restrictions or limitations set by your employer or the FSA plan.
9. Step 9: Keep all receipts and documentation related to your FSA expenses. This will be helpful when filing taxes or if any disputes or discrepancies arise.
10. Step 10: At the end of the year, review your FSA balance and ensure all expenses have been properly reimbursed. Take advantage of any grace periods or rollover options allowed by your employer or FSA plan.

Who needs 2018 flexible spending account?

1. Anyone who anticipates having medical, dental, or vision expenses throughout the year can benefit from a flexible spending account (FSA). FSAs are especially useful for those with regular prescription medication needs, ongoing medical treatments, or frequent doctor's visits.
2. Employees who have access to a 2018 flexible spending account through their employer should consider enrolling if they want to save money on eligible healthcare expenses. The FSA allows individuals to contribute pre-tax dollars, reducing their taxable income and potentially lowering their overall tax liability.
3. It is important to note that eligibility and participation in a 2018 FSA may depend on the individual's employer or specific FSA plan. Some employers may offer FSAs as part of their benefits package, while others may not. It is recommended to check with your employer or human resources department to determine if you are eligible for a 2018 flexible spending account and the specific details of the plan.

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