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Get the free Flexible Spending Accounts - The Preferred Group

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LH110037The Preferred Group PO Box 15136 Albany, NY 122125136 (866) 9898995Your Account Information Is Online www.MyTPGPlan.com DIRECTIONS:Employee EmployerLH110037CEWW BONES PG Plus FSA Enrollment
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How to fill out flexible spending accounts

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How to fill out flexible spending accounts

01
Determine your estimated out-of-pocket healthcare expenses for the year.
02
Enroll in a flexible spending account through your employer during open enrollment.
03
Decide how much money to contribute to your FSA for the year.
04
Use your FSA debit card or submit reimbursement forms for eligible expenses.
05
Keep track of your FSA balance and submit claims before the deadline at the end of the year.

Who needs flexible spending accounts?

01
Individuals who have predictable out-of-pocket healthcare expenses.
02
People who want to save money on taxes by using pre-tax dollars for medical expenses.
03
Employees who have access to an FSA through their employer.
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Flexible spending accounts (FSAs) are accounts where employees can set aside a portion of their pre-tax income for eligible medical expenses.
Employees who participate in an employer-sponsored FSA program are required to file flexible spending accounts.
Employees can fill out flexible spending accounts by submitting eligible expenses incurred during the plan year along with appropriate documentation.
The purpose of flexible spending accounts is to help employees save money on medical expenses by using pre-tax dollars.
Information such as eligible medical expenses incurred, receipts, and documentation must be reported on flexible spending accounts.
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