Summer Enrollment Review Tex Flexible Spending Accounts A

Summer Enrollment Review

Tex. Flexible Spending Accounts A Flexible Spending Account is a pre-tax benefit that saves you money on health care and dependent care expenses. Tex. Flex℠ Health Care FSA Use to pay medical, dental, vision, hearing, and prescription drug expenses. Co-pays, dental, vision and other out of pocket medical expenses. Tex. Flex℠ Dependent Care FSA Use to pay expenses including child day care and in home care programs. Day care for dependent children under age 13 and in home care for other eligible dependents. Tex. Flex℠ Limited FSA Use to pay dental and vision expenses. Must be enrolled in the Consumer Directed Health. Select ℠ to be eligible for the LFSA.

Tex. Flex Commuter Spending Accounts A Commuter Spending Account is a pre-tax benefit that saves you money on commuting expenses incurred to and from work. Tex. Flex℠ Parking Spending Account Use to pay parking expenses. This is a month by month benefit. You can enroll and dis-enroll anytime throughout the year. Tex. Flex℠ Transit Spending Account Use to pay transit expenses. This is a month by month benefit. You can enroll and disenroll anytime throughout the year.

Health Care and Dependent Care Accounts Overview Health Care and Limited FSA Dependent Care FSA $2, 750 $5, 000 Submit claims online, by fax or mail Yes Tex. Flex debit card Yes No, all claims submitted online, by fax or mail. Full annual contribution is available September 1, 2020 Monthly; as funds are added to your account from paycheck Carryover Yes No Grace Period No Yes September 1, 2021 December 31, 2021 Annual Maximum Contributions availability Run out period

Flexible Spending Account Tax Saving Example By using her FSA, Kim brought home an additional $534 for the year!

Commuter Spending Account Overview CSA parking CSA transit Monthly Maximum Contribution $270 Monthly Minimum Contribution $15 Tex. Flex debit card Yes First day of each month $3. 00 Yes No Contributions availability Administrative Fee Submit claims online, by fax or mail

How CSAs Work CSA election changes can be made at any time, but must be made by the last day of the month and will be deducted from the following pay period. For example: January 2020 February 2020 March 2020 You enroll in a parking or transit CSA and elect to contribute $100 per month. This is the pay period following your election. You will receive your February paycheck on March 1. On March 1, $100 is deducted pre-tax from your paycheck and available to use on your Tex. Flex debit card. Note: if you are paid twice a month, your contribution will be deducted from your paycheck paid on the first of the month.

Accessing your Tex. Flex account(s)

Claims/Reimbursements Submit via the mobile app Manual claims via fax or mail Online Claim Submissions Tex. Flex debit card* Keep your receipts! *For health care account purchases

Tex. Flex Website Visit Tex. Flex. ERS. com for more information about: submitting claims, your account balance, debit card information and program materials.

Tex. Flex Customer Care (844) 884 -2364 Monday – Friday, 7 a. m. – 7 p. m. CT Tex. Flex Claims Fax (866) 643 -2219 www. Tex. Flex. ERS. com

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