2012 Benefit Enrollment Guide - Education Management Corporation

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Flexible Spending Accounts
Flexible spending accounts (FSA) help you save on taxes because you put money aside
from your paycheck — before taxes — to pay for certain types of health care and
dependent care expenses.
Tel: 1-877-WageWorks
1-877-924-3967
Fax: 1-877-353-9236 (claims)
www.wageworks.com
Full-time and part-time* employees may choose from
two flexible spending accounts (FSA):
• Health Care
• Dependent Care
Enrolling in an FSA
You must enroll each year if you want to participate in a flexible
spending account (FSA). You cannot automatically re-enroll
in an FSA from year to year by doing nothing. New hires must
enroll no later than their benefits’ effective date.
To enroll in one or both FSAs, call 1-877-WageWorks
(1-877-924-3967) or log in to the WageWorks website at
www.wageworks.com. If it’s the first time you’re visiting
the site, you’ll need to register by creating a user name
and password.
*Part-time employees with hire dates prior to December 1, 2011 will retain
benefits eligibility in a grandfathered status through December 31, 2013.
Part-time employees hired on or after December 1, 2011 are eligible for the
employee assistance program and the 401(k) plan only.
How flexible spending accounts (FSAs) work
It’s easy to use these accounts:
• You contribute to the account(s) with pretax dollars deducted
from your paycheck. When you enroll, you specify how much
you wish to contribute each year.
• You pay for certain eligible expenses out of your pocket
as usual.
• Then, you submit a claim along with the appropriate
documentation to be reimbursed for those expenses from
the dollars in your account.
• Or, use your WageWorks Card to pay for eligible health care
expenses. (Be sure to save your receipts for future verification.)
Health Care FSA
You may contribute up to $3,000 to your health care FSA for
2012. These pretax dollars may be used for eligible expenses,
such as:
• Medical and dental plan deductibles and copayments
• Prescription medications
• Over-the-Counter (OTC) drugs. You must get a prescription
from your doctor to be reimbursed from the FSA for overthe-counter
drugs. Just send the prescription in with your
claim form.
• Hearing aids
• Glasses and contacts
• Any other health care expense that is an eligible tax deduction
(except insurance premiums, nonprescription drugs and
cosmetic surgery).
Check out IRS Publication #502, available at www.irs.gov,
for a complete list of qualified health care expenses.
The total amount that you elect to contribute to a health care
FSA will be made available to you as of the first day of the plan
year. This means, if you file a claim that exceeds the amount in
your health care account, you can still be reimbursed up to the
annual amount you’ve elected.
Questions? Contact HR One Connect at 1.888.471.3362 (1.888.HR1.EDMC).
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