Flexible Spending Account – FSA ChoicePlus PPO & Core PPO (Low Deductible) only
ChoicePlus PPO & Core PPO (Low Deductible) Only
PROVIDER: HealthEquity/WageWorks
Contact Information:
www.wageworks.com/employees/support-center
login.my.healthequity.com
+ 1.877.924.3967 (877.WageWorks)
- Employees can elect to set aside money for IRS-eligible health, dental and vision expenses not covered by insurance
- Employees can also set aside money for dependent care expenses
- Deductions are made pre-tax
- FSA utilizes a debit card linked to the employee’s account or claims can be made via the HealthEquity/Wageworks website
- Employees become eligible the first day of the month after 30 days of employment
- Full time employees working an average of 30 hours per week or more (or on Shared Work program)
- Health Premiums (including medical, dental, and vision) are automatically deducted on a pre-tax basis
- You must complete a new FSA Enrollment form each year
- ‘Use it or lose it’ grace period to March 15, 2024
- HealthEquity has a detailed listing of IRS-eligible items on their website
- Documentation of eligible expenses is required
- Debit card may be suspended if documentation is not provided to HealthEquity
- ONLINE: https://www.healthequity.com/
- MEMBER SERVICES: 1-877-924-3967
- The Employee contributes a pre-tax elected amount and Duke Manufacturing pays the Administrative costs
Wage Works Benefit Information
What is a Dependent Care Flexible Spending Account?
- DCFSAs are tax-advantaged accounts that let you use pre-tax dollars to pay for eligible dependent care expenses. A qualifying ‘dependent’ may be a child under age 13, a disabled spouse, or an older parent in eldercare.
- Click here for Eligible expenses
- Click here for Savings Calculator
- Mid- Year changes can only be made with a qualifying life event which may include:
- Employment status change (Including Medical Leave)
- Marital Status
- Number of Dependents
- Daycare Closures
What is a Flexible Spending Account?
- An FSA empowers you to keep more of your hard-earned money. Plan your spending, know the rules and unlock amazing tax savings.
- FSAs are tax-advantaged accounts that let you use pre-tax dollars to pay for eligible medical expenses. You can use an FSA to save on average 30 percent on healthcare costs. Don’t think of it as money deducted from your paycheck—think of it as money added to your wallet.
- FSA Calculator
- Eligible Medical Expenses
- FSA Page
