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PRIMEFLEX: FLEXIBLE SPENDING PLANS EMPLOYEE ENROLLMENT.

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Presentation on theme: "PRIMEFLEX: FLEXIBLE SPENDING PLANS EMPLOYEE ENROLLMENT."— Presentation transcript:

1 PRIMEFLEX: FLEXIBLE SPENDING PLANS EMPLOYEE ENROLLMENT

2 Flexible Spending Accounts Allows employees to pay for their family medical and daycare expenses on a pre-tax basis Reduces taxes Increases take-home pay Typically the only way to deduct these expenses Diversified benefits Voluntary – Choose what you need If you have these expenses – Use it!! Easy

3 What Flexible Spending Accounts are available? Medical Flexible Spending Account Dependent Care Reimbursement Account

4 Medical Flexible Spending Account Co-Pays, Deductibles, Prescriptions, Eyeglasses/Contact Lenses, Dental, too! OTC medicines - “Medically Necessary” $2,000 maximum contribution limit PrimeFlex Debit Card Claim Reimbursement Form Online submission of claims available KEEP ALL of your receipts! We will ask for them for some of your expenses.

5 Dependent Care Reimbursement Account Child Daycare – under Age 13 Pre-Kindergarten Expenses / Summer Day Camps Elder Care if claimed as dependent Both spouses need to be working! Maximum election of $5,000 per year. ($2,500 per if married, filing separately) Form #5 – Claim Reimbursement Form Online submission of claims available

6 Enrollment Online

7 Enter your Dependent Info & your Election

8 Account Balance Information

9 Submit Claims Online – 1 st Step

10 Submit Claims Online – 2 nd Step

11 Submit Claims Online – 3 rd Step

12 Monthly Employee Statements *E-mail address must be provided

13 PrimeFlex Customer Service www.primepay.com 24/7 Online Account Access Claim Reimbursement Forms Updated list of eligible merchants Medical and Dependent Care Expense List 877.7MY.FLEX 877.6FAX.FSA, fax primeflex@primepay.com


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