21.11.2014 Views

UPHS_Enrollment_Guide_FINAL

UPHS_Enrollment_Guide_FINAL

UPHS_Enrollment_Guide_FINAL

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Print this <strong>Guide</strong><br />

Human Resources/<br />

Benefits Locations<br />

Making Changes<br />

During the Year<br />

Contact<br />

Information<br />

Search this<br />

Document<br />

><br />

Welcome What’s New Cost for Coverage Plan Highlights<br />

Carewise Health<br />

Programs<br />

Medical<br />

Behavioral Health<br />

Prescription Drug<br />

Vision<br />

Dental<br />

Flexible Spending<br />

Accounts (FSAs)<br />

Health Care FSA<br />

Dependent Care<br />

FSA<br />

Life Insurance<br />

AD&D Coverage<br />

Disability<br />

Legal Notices<br />

Welcome > Flexible Spending Accounts > Dependent Care FSA<br />

Dependent Care FSA<br />

You can use this account to pay for some of the expenses you incur for certain<br />

dependent care services. Dependent care may also include costs you incur for<br />

child care for dependent children under age 13 and/or an adult living with you<br />

whom you claim as a tax dependent and who is physically or mentally incapable<br />

of self-care (e.g., disabled spouse, elderly parent).<br />

For the 2010 – 2011 plan year, you can contribute from $260 up to $5,000 to a<br />

Dependent Care FSA. For the Dependent Care FSA, pre-paid expenses are not<br />

eligible for reimbursement until the service is actually received.<br />

If you are married and filing a joint tax return, your contributions combined with<br />

your spouse’s contributions to a Dependent Care FSA, cannot exceed $5,000 for<br />

the calendar year (January 1 through December 31), regardless of your or your<br />

spouse’s plan year.<br />

Remember, your Dependent Care FSA election is reported on your W-2 form for<br />

the current calendar year (January 1 through December 31); however, your<br />

election is on a fiscal year basis (July 1 through June 30). As such, be mindful of<br />

the amount you elect for the Dependent Care FSA.<br />

You must re-enroll for the Dependent Care FSA if you would like<br />

to participate in the plan for the 2010-2011 plan year.<br />

Eligible Dependent Care<br />

Expenses<br />

Please note, this benefit is<br />

not for health care<br />

expenses such as copays,<br />

braces, eyeglasses, and<br />

prescriptions. For<br />

information on health care<br />

expenses, click here.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!