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State Farm Insurance Companies Health Care Flexible Spending Account Plan for U.S. EmployeesSummary Plan DescriptionEffective January 1, 2018Health Care Flexible Spending Account Plan for U.S. Employees Summary

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What is health care flexible spending?

Health care flexible spending is a pre-tax benefit account that can be used to pay for eligible medical expenses not covered by insurance.

Who is required to file health care flexible spending?

Employees who elect to participate in a health care flexible spending account offered by their employer are required to file the necessary paperwork.

How to fill out health care flexible spending?

To fill out a health care flexible spending account, employees must enroll during their employer's open enrollment period and determine how much money they want to contribute for the year.

What is the purpose of health care flexible spending?

The purpose of health care flexible spending is to allow employees to set aside pre-tax dollars to pay for eligible medical expenses, ultimately reducing their taxable income.

What information must be reported on health care flexible spending?

Employees must report the amount of money they plan to contribute to their health care flexible spending account for the year.

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