Ncflex health care fsa

What is FSA health plan? NCFlex Convenience Card works like a credit card or debit card when paying for these expenses. If you need help finding the right person to talk to, contact NCFLEX.

When using your NCFlex debit car you will be notified by PA in writing if you need to submit documentation, such as a receipt. Please save all of your original receipts in case of a future request. The minimum that can be rolled over is $25. If my spouse is contributing to a Health Savings Account (HSA), can I elect the NCFlex Health Care FSA?

Here’s why: IRS regulations will not let your spouse contribute to an HSA if you participate in the NCFlex Health Care FSA. Using an FSA can reduce your taxes. Q: How will my account look online if I have a rollover amount? NCFlex is the program of pre-tax benefit plans available to employees. Employees save about - on most NCFlex benefits because contributions are made on a pre-tax basis.

FSA dollars must be used for. You never have to pay taxes on the money. It’s a smart, simple way to save money while keeping you and your family healthy and protected. The Savings Power of This FSA.

Flexible Spending Accounts where you can buy FSA eligible products, search for services and learn about your FSA. View video about NCFlex FSA. While this publication will generally also apply to the health flexible spending account plans, some expenses listed in the publication are not eligible in health flexible spending account plans, including long-term care insurance, insurance premiums and expenses paid in the current year for services in prior years). A health flexible spending account ( FSA ) is an employer-sponsored plan that allows you to set aside a portion of your income on a pre-tax basis and then use that money to pay for qualified out-of-pocket medical expenses.

You can use your Health Care FSA (HC FSA ) funds to pay for a wide variety of health care products and services for you, your spouse, and your dependents. The IRS determines which expenses can be reimbursed by an FSA. Now you can, with a flexible spending account sponsored by your employer and administered by PayFlex.

The health care flexible spending account or FSA allows you to contribute pre-tax dollars to pay for eligible health care expenses such out-of-pocket expenses include medical, dental, prescription, hearing and vision expenses. UNC Health Care offers employees a flexible spending account benefits under the North Carolina Flexible Benefits Program ( NC Flex ). Buy FSA Eligible Home Health Care items at FSAstore. You will need to determine what the maximum amount that you can contribute and then consider if you will use that much this year. Your NCFlex convenience card is automatically activated upon first use.

This is the first year that participants can use the convenience card to pay for eligible dependent care expenses. For Health Care FSA - Reference page of the NCFlex Admin Manual: Enrollment Procedures: FSA : overage is lost as of the employee’s termination date. The rollover funds can be used to reimburse qualified medical expenses incurred during the entire plan year to which it is carried over. The employer chooses the amount of the rollover up to $500.

By participating you choose to contribute a set amount to your account through payroll deductions on a pre-tax basis. Office of Personnel Management and administered by WageWorks, Inc. FSAs) should be reminded to spend the remaining balances in their accounts before the end of.