Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 4426 WHY ENROLL IN AN FSA? Give yourself a raise! Increase your spendable income by reducing the amount you pay in taxes. Easily budget for the cost of healthcare expenses. You receive your total Health FSA annual election amount on the first day of the plan year, and then small predictable amounts come out of your paycheck throughout the year, on a pre-tax basis. Two types of FSAs – you choose the plan(s) you need! Health FSA dollars can be used for you and your family’s out-of- pocket medical, dental, vision and prescription expenses such as copays, deductible, dental work, eye glass and contact lenses, orthodontia, acupuncture and many other products and services. Expenses include those incurred by you AND your eligible dependents, regardless if you (or your dependents) are enrolled in the WSSC medical plan! Dependent Care FSA dollars can be used for the cost you incur for your eligible dependents to receive supervised care while you are at work. Examples include day/night care centers, summer day camps, before/after school care, baby sitters inside or outside the home. IMPORTANT! You should only enroll in a Dependent Care FSA if you have day/night care expenses for an eligible dependent. This plan does not reimburse for dependent healthcare expenses. An FSA gives you real tax savings so you keep more of the income you earn! Someone earning $36,000 per year with $1,500 in eligible expenses can save approximately $415 in taxes – meaning they have $415 more to spend! FIND OUT MORE ABOUT HOW WSSC’s FSA PROGRAM CAN WORK FOR YOU IN 2017! Read the FSA Participant brochure and eligible expense list available from the benefits office. Use the interactive tax savings calculator at https://www.benstrat.com/includes/calculate_tax.html Watch a short video on the advantages of FSAs at https://www.benstrat.com/participants_fsa.php Participants save approximately $27 in taxes for every $100 they set aside in an FSA “I think of my Health FSA as an interest free loan; I get the full amount of money up front, and then a small amount comes out of each of my paychecks all year. I don’t know how I could have paid for the dental work I needed without my Health FSA.” – Beth “I’m always looking for ways to save on taxes, and participating in an FSA has saved me a lot over the years.” – Bill “I set aside $5,000 in my Dependent Care FSA; that’s almost $1,300 in tax savings for me! My FSA helps so much with the cost of day care.” – Rachel “The first year I heard about the FSA, I wasn’t sure about it. I decided to sign up for just enough to cover a pair of glasses I knew I needed. Using the plan was so easy, plus I saved money. The next year I tripled my election amount, and I still spent all of it well before the plan year ended!” – Jennifer