KAI 2022 ENROLLMENT • PLANNING FOR YOUR BENEFITS
FSA
FSA Claims Deadlines FSA eligible claims must be incurred between January 1, 2022 and December 31, 2022. You may file claims at any time during the year however; you only have until March 31, 2023 to request reimbursement of a claim. Unclaimed funds will be forfeited.
Flexible Spending Account KAI provides you the opportunity to budget your out-of-pocket health and dependent care expenses through pre-tax saving in a flexible spending account (FSA). Pre-tax contributions to the account can save you from 20-40% in payroll taxes. This account is administered by WEX Benefits (formerly Discovery Benefits).
Know the Rules Your FSA can only be elected if you are a new hire or during the annual open enrollment period unless you experience a qualified life status change. Any money saved in the accounts must be claimed by the reimbursement deadlines or it will be forfeited. Click customerservice@wexhealth.com regarding customer service and/or www.wexinc.com for claim submission. You may participate in a Healthcare Flexible Spending Account if: • You are enrolled in the PPO medical plan • You are not enrolled in a KAI medical plan • You are enrolled in a spouse or partner’s POS or PPO medical plan • You are not enrolled in a High Deductible Healthcare Plan either at Kao or through a spouse/partner You may elect a Dependent Care FSA regardless of your medical coverage.
Using an FSA Debit Card Once enrolled, you will receive a debit card (for Healthcare FSA and Dependent Care FSA) which may be used to make purchases at qualified retailers for qualified expenses. Even if you use the debit card to make purchases you will still need to submit the receipts through the claims process. Keep in mind however; you may not use your Debit Card to be reimbursed for prescribed over the counter medications and products. For over the counter items, you must submit a paper claim form available on www.wexinc.com. Forms MUST be submitted with your health provider’s prescription and cash register receipts.
Access your FSA benefits on the go 24/7 with the WEX Benefits mobile app. This free app gives you convenient, real-time access to all your FSA benefit accounts in one spot.
12 | Le a r n mo re a b o u t y o u r b e n e fits by e ma ilin g b enef its @ Kao.c om o r by cal l i ng 800-650-8180
