Flexible Spending Accounts

Flexible spending accounts allow participants to set aside pre-tax dollars for qualifying medical and/or dependent care expenses.  Flexible spending accounts are administered by  WageWorks.

Claims for reimbursement must be submitted no later than November 30 following the end of the plan year (June 30).  You now have a 2.5 month grace period to use your benefits beyond the end of the plan year.  So, you have until September 15 after each plan year to incur expenses toward the balance in your medical and/or dependent care spending account for the previous plan year.  For more information about this extension, please read the following Q&A.

Money remaining in either account after September 15 will be forfeited. For this reason, accounts should be funded wisely. Careful planning is essential because the amount allocated cannot be changed during a plan year unless you have a qualifying  change in status.

• Medical Spending Account
• Dependent Care Spending Account

Claim Forms

To submit for reimbursement of eligible expenses, please use the applicable form:

• Medical Spending Account "Pay Me Back" form (see a sample completed form)
  Dependent Care Spending Account "Pay Me Back" form (see a  sample completed form)

In addition to filing for reimbursement of expenses, you may also use the WageWorks Visa card to directly debit your medical spending account funds.  Please read the documentation about how the WageWorks Visa card works.

Tools

Not sure how much to elect?  Try one of the calculators below to assist you:

• Health Care Calculator: www.wageworks.com/hccalculator
• Dependent Care Calculator: www.wageworks.com/dccalculator

Sign Up for Direct Deposit!

If you choose not to use your WageWorks Visa, you can have your funds deposited directly into your checking or savings account.

• Go to www.wageworks.com and log in (or register as a first time user and log into the system).
• Click on "Edit My Profile" in the "manage My Accounts" box.
• Scroll down and under "Reimbursements" select the button next to "Reimburse me by direct deposit to the account below".
• Enter your banking information from your check and select the type of account.
• Click the "Next" button at the bottom of the page.
• It's that easy!