- As a participant in a Healthcare Flexible Spending Account, you will be able to contribute up to $3,000 annually (minimum of $100) to a Flexible Spending Account from which you can reimburse yourself for expenses you incur for eligible medical, dental and/or vision services.
- It's important to remember that you must designate at the beginning of the plan year how much you wish to contribute to the account. Amounts that you've contributed but haven't spent will be forfeited.
- Annual Benefits Enrollment will be held in the fall for a January 1 effective date with contributions being deducted throughout the calendar year.
- Section 213 of the Internal Revenue code defines eligible health-related expenses that may be reimbursed from your Flexible Spending Account.
- Out-of-pocket expenses such as deductibles, co-pays, co-insurance, and amounts over usual and customary (UCR).
- Some expenses may not be covered by your medical, dental or vision plans, such as glasses and contacts or orthodontia, but are eligible expenses that qualify for reimbursement.
- All 2007 claims for the Healthcare expenses incurred between January 1, 2007 and March 15, 2008, must be submitted by April 30, 2008.
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