1. Flexible Spending Accounts (FSAs)

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

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

4. 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

5. 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

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

7. 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

8. 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

9. 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

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

11. 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

12. 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

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

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

15. FSAs-Aetna

16. FSAs-Aetna

17. FSAs-Aetna

18. FSAs-Aetna

19. FSAs-Aetna

20. FSAs-Aetna