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Flexible Spending AccountEnrollment Kitchens inside:
Getting to Know:
FSA
Eligible Expenses
Grace Period Overview
Participant Website
& Mobile App Overview
Election Recontact Us:Flexible Benefit Service
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How to fill out flexible spending accounts
How to fill out flexible spending accounts
01
Determine how much money you want to set aside in your flexible spending account.
02
Estimate your eligible out-of-pocket medical expenses for the year.
03
Enroll in a flexible spending account through your employer during open enrollment.
04
Submit claims for reimbursement by providing receipts or documentation of your eligible expenses.
05
Keep track of your spending and remaining balance throughout the year.
Who needs flexible spending accounts?
01
Employees who have out-of-pocket medical expenses that are not covered by insurance.
02
Individuals who want to save money on taxes by using pre-tax dollars to pay for medical expenses.
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What is flexible spending accounts?
Flexible spending accounts (FSAs) are accounts that allow employees to set aside a portion of their pre-tax earnings to pay for eligible healthcare or dependent care expenses.
Who is required to file flexible spending accounts?
Employees who wish to take advantage of the tax benefits of FSAs usually need to file them with their employer.
How to fill out flexible spending accounts?
Employees can fill out FSAs by estimating their anticipated eligible expenses for the year and electing to have a portion of their salary withheld to fund the account.
What is the purpose of flexible spending accounts?
The purpose of FSAs is to help employees save money on eligible expenses by allowing them to pay for those expenses with pre-tax dollars.
What information must be reported on flexible spending accounts?
Employees must report the amount of pre-tax earnings they have elected to contribute to the account and keep receipts of eligible expenses to submit for reimbursement.
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