Flexible Spending Accounts (FSAs)

Flexible Spending Accounts 3 Types of Accounts Dependent Care Medical Limited Medical

Flexible Spending Accounts Common features: All accounts administered by Aetna Minimum/maximum annual contributions: $60 minimum $5,000 maximum

Flexible Spending Accounts Before-tax deductions Must comply with IRS regulations Each account separate election No transfers between accounts Changes during year limited to qualifiying events Use it or lose it Annual enrollment required

FSA-Dependent Care Care for: While you and spouse work/attend school children under 13 disabled child of any age disabled spouse While you and spouse work/attend school Not occasional babysitter

FSA-Dependent Care Care provided in Your home Caregiver’s home Care center

FSA – Dependent Care How do you get paid? Must submit claim for each period of care claiming $96.15/weekCan only be reimbursed what have contributed Maximum claim amount: $416.66/month

FSA–Medical IRS eligible expenses: For: Medical Dental Vision You Your spouse Your eligible dependent children Do not have to be enrolled in NKU plans

FSA–Medical How do you get paid? Can be paid for more than contributed Up to annual enrolled amount Debit Card Swipe for copayments under NKU plans if enrolled No additional documentation needed File claims All other types of expenses (deductibles, coinsurance, etc.) must file claim Provide Explanation of Benefits from insurance

FSA–Medical How do you get paid? Direct deposit Reduces time to receive payment Sign up at www.Aetna.com Streamline dental claims Eliminates FSA claim filing for dental Sign up at www.Aenta.com

FSA–Limited Health If enrolled in HDHP IRS eligible expenses only for: Dental Vision For: You Your spouse Your eligible dependent children Do not have to be enrolled in NKU plans

FSA–Limited Health How do you get paid? Can be paid for more than contributed Up to annual enrolled amount No Debit Card Must file claims Provide Explanation of Benefits from insurance

FSA–Limited Health How do you get paid? Direct deposit Reduces time to receive payment Sign up at www.Aetna.com Streamline dental claims Eliminates FSA claim filing for dental Sign up at www.Aenta.com

FSAs-Aetna www.Aetna.com Sign up for My Navigator Fax claim Receive email notification of claim receipt Receive email notification when claim paid Can opt out of paper Explanation of Benefits

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