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Flexible Spending Account (FSA)
Flexible Spending Account (FSA), allows employees to set aside pre-tax money from their paychecks to pay
for eligible out-of-pocket costs. SHDR offers a Medical FSA to pay for eligible health care costs and a
Dependent Care FSA to pay for eligible child and elder care expenses.
An FSA plan is fully funded by the employee but may be perceived as a bonus, allowing you to enhance your
benefit package at little or no cost. When employees fund their accounts through payroll deduction, you also
see a reduction in payroll tax.
•
Account is fully funded by employee
•
Account is not portable if employee switches jobs or retires
•
Up to $500 may be rolled over each year
•
Benefit Access Visa
®
Debit Card provides easy access to funds for employee
•
Online account management allows employees to check benefits, file claims and email customer support
•
Employees can access account information through the CarePlus Benefits Access mobile app available
for Apple
®
and Android
®
devices
FSA’s cover an endless list of eligible out of pocket expenses for which an employee can seek reimbursement. Some
examples include:
Deductibles, co-insurance and office visit co-pays
Prescription medication
Prescribed over-the-counter drugs and medications
Dental and orthodontic services
Durable medical equipment
Eyeglasses and contact lenses
http://www.shdr.com/shdr/shdr/services/flexible-benefits.pageThe following list is a reminder of benefits offered by the Garrett County Commissioners’ to eligible
employees:
•
Long Term Disability Insurance —The Harford Insurance Company
•
Life and Accidental Death & Dismemberment—Voya
•
Voluntary Benefits — AFLAC
•
Deferred Compensation — Nationwide
•
Garrett County Retirement Pension Plans — Government & Law Enforcement Plans