How to Use Flexible Spending Accounts
Before you make your election, you must decide how much to contribute. Be sure to carefully estimate your eligible out-of-pocket health and/or dependent care expenses for the year. Both the Health Care and Dependent Care FSA's have a "use it or lose it" policy. A handy expense calculator is available online at http://www.wageworks.com.
- Convenient Payment Options:
- Debit Card (for medical accounts only) - employees can use the debit card to pay for expenses.
- Pay My Provider - tell WageWorks how much to pay the provider and when to send the payments and WageWorks will write a check directly from your Dependent Care account or your Health Care account to your provider.
- Pay Me Back - you pay the provider directly and complete a simple claim form for reimbursement.
FSA Contacts
