IN AN FSA Total Administrative Services Corporation - - PowerPoint PPT Presentation
FX-1019-080117_OCSO ORANGE COUNTY SHERIFFS OFFICE ENROLLING IN AN FSA Total Administrative Services Corporation www.tasconline.com FLEXIBLE SPENDING ACCOUNTS TASC administers your Flexible Spending Account (FSA) FSA is a FREE benefit
FX-1019-080117_OCSO
Total Administrative Services Corporation www.tasconline.com
ORANGE COUNTY SHERIFF’S OFFICE
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Annual Salary: $35,000 Out-of-Pocket Medical/Dental Expenses: $ 1,000/year Out-of-Pocket Dependent Care Expenses: $ 2,500/year
Without FSA
With FSA
Gross Pay
$ 35,000 $ 35,000 FSA Contribution
3,500 Taxable Income $ 35,000 $ 31,500 Taxes (Fed, State, FICA)
10,500
9,450 Out-of-Pocket Expenses
3,500
3,500 Reimbursement from FSA + $ +$ 3,500
Take-Home Pay
$ 21,000 $ 22,050
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Eligible Expenses
appointments Ineligible Expenses
See complete listing of eligible and ineligible items at http://www.tasconline.com/biz-resource- center/eligible-expenses/. OTC drugs/medications require a prescription or a Prescription Order Form to be eligible for FSA reimbursement.
Total Administrative Services Corporation www.tasconline.com
Employee (self), Spouse, and/or Dependents for Qualified Dependents Dependent Care expenses Medical FSA for
You may carry over up to $500 of unused healthcare FSA funds from year to year. Medical FSAs are capped at $2,600 per year, per employee.
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Eligible Expenses:
Ineligible Expenses:
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Dental Expenses:
Vision Expenses:
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
Total Administrative Services Corporation www.tasconline.com
PLAN YEAR 2017 Healthcare Maximum $2,600 Dependent Care Maximum $5,000 Enrollment Period August 6-24, 2018 Final Enrollment Deadline August 24, 2018 Carryover Maximum $500 Runout Period 90 days Eligibility: Full-time employees working over 30 hours per week; do NOT need to be on the health insurance to participate. No minimum amount required to participate in the plan. No cost to participate.
Total Administrative Services Corporation www.tasconline.com