Discovery flexible spending account

Username Forgot Username? As more and more employers make the switch to a. I have been involved in many employee benefit plan implementations over the years. Discovery Benefits handles our account well and is able to handle our complexities and nuances with great care.

Better check your FSA account ! Non payment of legitmate expenses.

This company treats their customers like crooks. Making work for their customers. Up to $ 5of unused FSA Health Care Account can be rollover into the following plan year. The rollover amount is determined after all expenses have been reimbursed for the plan year (after the run-off period or April 1).

If you are enrolled in a Limited Medical FSA or Combination Medical FSA , your eligible expenses may be different. Check your plan details for more information. Doc Additional documentation required.

Eligible Eligible for reimbursement.

Flexible Spending Accounts enable you to pay for out-of-pocket health care or dependent daycare expenses with pre-tax payroll contributions. FSAs are exempt from federal taxes, Social Security (FICA) taxes an in most cases, state income taxes. Flexible spending accounts are governed by IRS forfeiture rules, see Use it or Lose it rule above. Some exclusions apply to the debit card.

You don’t have to pay taxes on this money. Please complete and submit this worksheet to your employer. This is an internal document used by your employer for data collection purposes. Worksheets returned to Discovery Benefits cannot be processed. Employees may elect to participate only once per year and must continue participation for.

You may enroll in a healthcare flexible spending account with a per plan maximum annual election of $750. You may also enroll in a dependent care spending account with a maximum annual election of $0per household. FSA funds may be rolled from one calendar year to the next. Typically, this money is “use it or lose it” at the end of the year. Other reimbursement accounts can help you save on things like child care or transportation.

Office of Personnel Management and administered by WageWorks, Inc. A health flexible spending account (FSA) is part of your benefits package. This plan lets you use pre-tax dollars to pay for eligible health care expenses for you, your spouse, and your eligible dependents.

Here’s how an FSA works. Money is set aside from your paycheck before taxes are taken out. This means you’ll save an amount equal to the taxes you would have paid on the money you set aside.