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Flexible Spending Account (FSA)
A Flexible Spending Account lets you set aside money—before it's taxed—through payroll deductions. The money
can be used for eligible healthcare and dependent day care expenses you and your family expect to have over the
next year. The main benefit of using an FSA is that you reduce your taxable income, which means you have more
money to spend. You must re-enroll in this program each year. Navia Benefit Solutions administers this
program.
IMPORTANT CONSIDERATIONS
•
Expenses must be incurred between
3/01/17 and 2/28/18 and submitted for
reimbursement no later than 5/31/18.
•
Elections cannot be changed during the
plan year, unless you have a qualified
change in family status (and the election
change must be consistent with the event).
•
If you have a balance in your Limited
Healthcare or Dependent Care accounts at
the end of 2/28/17, you have a “grace
period” until 5/14/17 to incur claims for
reimbursement from the 2016 funds.
Claims must be submitted no later than
5/31/17.
•
Unused amounts will be lost at the end of
the plan year, so it is very important that
you plan carefully before making your
election.
•
FSA funds can be used for you, your spouse,
and your tax dependents only.
•
You can obtain reimbursement for eligible
expenses incurred by your spouse or tax
dependent children, even if they are not
covered on the Alliant health plan.
•
You cannot obtain reimbursement for
eligible expenses for a domestic partner or
their children, unless they qualify as your
tax dependents (Important: questions about
the tax status of your dependents should be
addressed with your tax advisor).
•
Keep your receipts. In most cases, you'll
need to provide proof that your expenses
were considered eligible for IRS purposes.
•
Please refer to the eligible expense listing at
naviabenefits.com .Company code to login is
AIS.
HEALTHCARE FSA ACCOUNT
This plan allows you to pay for eligible out-of-pocket
healthcare expenses with pre-tax dollars. Eligible
expenses may be incurred by you or your eligible
dependents, as defined by the IRS. You may
contribute a minimum of $100 up to $2,600 per
year to your Healthcare FSA.
Important Note: IRS regulations prohibits
participation in a General Purpose Healthcare FSA
when you are making contributions to a Health
Savings Account (HSA). However, you may choose to
enroll in a Limited Purpose FSA which reimburses
you for non-medical healthcare expenses. All
participants in the General and Limited Purpose
Flexible Spending Accounts will receive a Debit card
for immediate use.
Limited Flexible Spending FSA
Account
This plan is intended to be used by employees
contributing to a Health Savings Account (HSA) and
lets you pay for eligible non-medical healthcare
costs from your FSA such as:
•
Deductibles and copayments for your dental
and vision plans
•
Contact lenses, equipment, and materials
•
Dental crowns (metal/porcelain), dentures
•
Orthodontia
•
Eye exams, eyeglasses, and materials
•
Lasik eye surgery