2012 Benefit Enrollment Guide - Education Management Corporation

Dependent Care FSA
This account reimburses you for qualified day care expenses
that are necessary so that you, or you and your spouse, can
work. If you are single or if you are married and filing a joint
tax return, you can contribute up to $5,000 annually into
your dependent care FSA ($2,500 if married and filing
separate federal income tax returns).
The expenses covered on the days you are working include
charges for:
• Licensed nursery schools
• Daycare centers
• Babysitting
• Disabled dependent day care (in or out of your home)
If the care is in your home, the provider cannot be one of your
dependents. On the claim form, you must provide the name,
address and taxpayer identification number of the person
performing dependent care services.
You cannot receive advance reimbursements from a dependent
care FSA. You can only be reimbursed up to the balance in
your account.
Use it or lose it
When deciding how much to contribute to your health care or
dependent care FSA for the year, be sure to estimate carefully.
Consider predictable expenses based on past experience and
upcoming events or changes. It’s important to do the math
accurately, because if you don’t use up your FSA dollars by the
end of the year, you will lose them.
Note: Eligible health care expenses can be incurred through
March 15, 2013 for reimbursement from your 2012 health
care FSA.
Filing a claim for reimbursement from your FSA
To submit a claim for your eligible dependent care and/or
health care FSA, complete a claim form, available on
Employee Resource. Attach the dated receipts along with
any other required documentation and fax or mail the form
to WageWorks.
WageWorks Card = instant reimbursement
When you elect to contribute to a health care FSA, you will
receive a WageWorks Card for on-the-spot access to your
pretax dollars. Your WageWorks Card is similar to a VISA ® debit
card. Use it to pay for eligible expenses directly at the point of
service when you incur an expense at a designated health
care merchant (doctor’s office, hospital, health care clinic,
pharmacy, etc). However, you must keep receipts, as you may
be required to send your receipts to WageWorks for review.
When coverage ends
You will not be eligible to receive reimbursement for expenses
incurred after your participation end date. Your participation in
the health care FSA or dependent care FSA will end:
• On the date you terminate employment or cease to be a
full-time or part-time* employee
• When you elect to stop participating — if permissible —
due to a qualifying change of status event
Health care FSA participants whose participation has ended
due to a COBRA qualifying event will be extended the
opportunity to continue their participation in the health care
FSA under COBRA.
*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.
28 Questions? Contact HR One Connect at 1.888.471.3362 (1.888.HR1.EDMC).