AFLAC-Flexible Spending Accounts

Northwest Independent School District offers Flexible Spending Accounts (FSA), sometimes called cafeteria plans, as part of your employee benefits package. You contribute a percentage of your pretax salary, up to plan limits, which you can then use to pay for qualifying expenses, including medical costs that aren't covered by your health insurance, child care, and care for your elderly or disabled dependents.

Your participation in a FSA program allows a portion of your salary to be redirected to provide reimbursement for these types of expenses. At the beginning of the plan year (September 1st - August 31st), you select a specific dollar amount of each FSA you wish to participate in. Participation in one or both FSAs can save your money by reducing your taxable income. This is because taxes will be calculated after the elected amount is deducted from your salary. Employees may sign up for Redi-Flex Direct Deposit for reimbursements.

There are two types of Flexible Spending Accounts: The first is unreimbursed medical (URM) and the second is dependent day care (DDC).

The maximum annual plan year deferral amount for unreimbursed medical (URM) is $3,000. Unreimbursed medical accounts are used for items and services that are not reimbursed back by insurance. There are certain over-the-counter items that are covered under URM, please refer to the Flexible Spending Account Participant Handbook below for more information.

The maximum annual plan deferral amount for dependent day care is $5,000. Dependant day care accounts are used for qualified child care, elderly and disabled dependant day care.

For questions regarding the AFLAC Flexible Spending Accounts please contact AFLAC at 1-877-353-9487.

Flexible Spending Account Participant Handbook

Click here for the Flexible Spending Claim Form

Click here for a Redi-Flex direct deposit form

Wed, 16 Aug 2006 14:57:01 GMT

AFLAC-Flexible Spending Accounts

Northwest Independent School District offers Flexible Spending Accounts (FSA), sometimes called cafeteria plans, as part of your employee benefits package. You contribute a percentage of your pretax salary, up to plan limits, which you can then use to pay for qualifying expenses, including medical costs that aren't covered by your health insurance, child care, and care for your elderly or disabled dependents.

Your participation in a FSA program allows a portion of your salary to be redirected to provide reimbursement for these types of expenses. At the beginning of the plan year (September 1st - August 31st), you select a specific dollar amount of each FSA you wish to participate in. Participation in one or both FSAs can save your money by reducing your taxable income. This is because taxes will be calculated after the elected amount is deducted from your salary. Employees may sign up for Redi-Flex Direct Deposit for reimbursements.

There are two types of Flexible Spending Accounts: The first is unreimbursed medical (URM) and the second is dependent day care (DDC).

The maximum annual plan year deferral amount for unreimbursed medical (URM) is $3,000. Unreimbursed medical accounts are used for items and services that are not reimbursed back by insurance. There are certain over-the-counter items that are covered under URM, please refer to the Flexible Spending Account Participant Handbook below for more information.

The maximum annual plan deferral amount for dependent day care is $5,000. Dependant day care accounts are used for qualified child care, elderly and disabled dependant day care.

For questions regarding the AFLAC Flexible Spending Accounts please contact AFLAC at 1-877-353-9487.

Flexible Spending Account Participant Handbook

Click here for the Flexible Spending Claim Form

Click here for a Redi-Flex direct deposit form

Flexible Spending Accounts (Cafeteria Plan)