Flexible Spending Account (FSA)

2017 FSA HANDBOOK

MCCS is pleased to offer a Flexible Spending Account (FSA) program through Aetna Inc, to eligible NAF employees. Flexible Spending Accounts let you set aside money on a pre-tax basis to reimburse yourself for certain health care and dependent care expenses. There are two types of Flexible Spending Accounts

Health Care FSA: Up to $2,550 per year can be set aside in a Health Care FSA to reimburse eligible medical, dental and vision expenses that aren't covered by your medical plan (including co-pays, coinsurance, deductibles and eligible over the counter items).  Over the counter medicines require a prescription to be eligible for FSA reimbursement.  Other eligible items are still approved for reimbursement without a prescription such as band aids, contact lens solution, etc.  Visit www.aetnafsa.com for complete details.

Dependent Care FSA: Up to $5,000 per year can be set aside in a Dependent Care FSA to reimburse expenses for child or adult day care services that you need because you work, If you file a separate tax return from your spouse, the maximum reimbursement is $2,500 for each of you. (You may want to talk to your tax advisor about the tax benefit of this plan).  *

New Employees have 31 days from their date of hire to enroll in the Flexible Spending Account (FSA) program.

Those hired or converted to a regular position after October 1st will have to defer enrollment until the next plan year(during open enrollement).

Effective January 1st of every year: FSA Participants that terminate employment during the year and are rehired that same year will be required to re-enroll in the FSA with the same elections that were in place before their termination.

Learn more online at www.aetnafsa.com

You may also view an online presentation at www.brainshark.com/cfs/FSAHealthCareDepCare for Health Care and Dependent Care spending accounts, if you still have any questions, please call Aetna FSA at 1-800-416-7053.

*  Please refer to the FSA Summary Plan Description for additional important information such as the impact of child care subsidy at military child development centers.