Flexible Savings Accounts
UNCA HR
Author
03/30/2020
Added
695
Plays
Description
Information about University of Nebraska's flexible spending accounts
Searchable Transcript
Toggle between list and paragraph view.
- [00:00:05.861]The University of Nebraska provides a unique opportunity
- [00:00:09.861]to save money by participating in
- [00:00:12.076]Flexible Spending Accounts, or FSAs.
- [00:00:16.931]FSAs allow you to set money aside from your paycheck
- [00:00:20.883]before you pay taxes, and take it out
- [00:00:23.128]later to pay for eligible expenses.
- [00:00:25.451]That way you lower your taxable income.
- [00:00:28.888]There are two Flexible Spending Accounts.
- [00:00:31.918]The Health Care FSA and the Dependent Care FSA.
- [00:00:36.654]You can use the Health Care FSA
- [00:00:38.883]to pay for a variety of expenses including:
- [00:00:42.116]Deductibles and coinsurance
- [00:00:44.269]Dental expenses
- [00:00:45.798]Eye glasses and Prescription copays
- [00:00:50.129]Reimbursement for a claim can be
- [00:00:52.239]made to you or to your provider.
- [00:00:54.607]The Dependent Care FSA can be used
- [00:00:56.823]for expenses including child care services
- [00:00:59.259]for children under age 13.
- [00:01:01.736]Your FSA contributions can also be used
- [00:01:04.892]for older dependents who can’t take care of themselves
- [00:01:07.758]for physical or mental health reasons.
- [00:01:11.127]There are limits to how much you can contribute
- [00:01:13.427]to your FSA accounts from your paycheck.
- [00:01:15.882]And you have to use all of your contributions
- [00:01:18.522]by the end of the calendar year.
- [00:01:20.723]Whatever you don’t use, you lose.
- [00:01:24.529]Claims have to be turned in by March 31st,
- [00:01:28.002]following the year in which the expense was incurred.
- [00:01:31.538]WageWorks is the plan administrator for both FSAs.
- [00:01:35.845]You can file your claims at any time with WageWorks
- [00:01:39.282]by mail, FAX, online or EZ mobile application.
- [00:01:43.901]For more information or to download claim forms,
- [00:01:47.511]go to the WageWorks web site.
- [00:01:49.839]Access is also available through Firefly.
The screen size you are trying to search captions on is too small!
You can always jump over to MediaHub and check it out there.
Log in to post comments
Embed
Copy the following code into your page
HTML
<div style="padding-top: 56.25%; overflow: hidden; position:relative; -webkit-box-flex: 1; flex-grow: 1;"> <iframe style="bottom: 0; left: 0; position: absolute; right: 0; top: 0; border: 0; height: 100%; width: 100%;" src="https://mediahub.unl.edu/media/12472?format=iframe&autoplay=0" title="Video Player: Flexible Savings Accounts" allowfullscreen ></iframe> </div>
Comments
0 Comments