FLEXIBLE SPENDING ACCOUNTS ( FSA)

Provided by Admin America

ACRM offers employees the opportunity to participate in the Healthcare Flexible Spending Account (FSA) & Dependent Care FSA. These programs may provide you with significant tax advantages as they allow you to pay for eligible out-of-pocket expenses with pre-tax dollars through payroll deductions . It is very important that you estimate your annual expenses as accurately as possible because the Healthcare FSA plan only allows for a $610 carryover maximum annually.

Participants will receive an Admin America debit card which can give you access to the funds for all of your FSA accounts

Additionally, you can administer the FSA benefits using the Admin America smartphone app to upload your receipts and eliminate the need for paperwork.

Healthcare Flexible Spending Account

You may defer up to $3,050 to your Healthcare FSA to fund eligible out-of-pocket healthcare expenses. The Healthcare FSA will be front-loaded for the entire benefit year on 6/1 (or your new hire start date) The following list provides examples of expenses eligible for reimbursement under the IRS guidelines:

• Non-covered medical expenses that quality under Section 217 of the IRS code

• Deductibles

• Office visit copays

• Prescription medication

• Over-the-counter medications

• Hearing and dental expenses not covered by insurance

Examples of non-eligible expenses include: cosmetic surgery, electrolysis, toiletries, vitamins, health club dues.

Dependent Care FSA

You may defer up to $5,000 to your Dependent Care FSA to fund eligible out-of-pocket expenses for childcare and eldercare. To be eligible for reimbursement, expenses must meet the following criteria established by the IRS:

▪ The person cared for must be under age 13, or if older, physically or mentally incapable of self-care.

▪ Day care must be necessary in order for you and your spouse to work.

▪ The person cared for must be claimed as a dependent on your federal tax return and must reside in your home at least eight hours per day

▪ Payment for care cannot be made to anyone you claim as a dependent on your income tax return, to your spouse or to a child under age 19.

▪ If care is provided by a center that cares for more than six individuals, it must be licensed.

For a complete list of eligible medical and dependent care expenses, you may access publications #502 (healthcare), #503 (dependent care) on the web at www.irs.gov.

Our PPO Dental plan will be administered by Anthem. This plan has an extensive list of in- network providers . We would recommend seeing in-network dentists in order to maximize benefits and minimize out of pocket costs . Dental maximums reset on January 1st every year

To find a dentist, log on to www.anthem.com