For employees who want toupskillorreskillby continuing their education,tuition reimbursementfrom the employer can cover expenses such as enrollment fees, exam charges, and learning material costs. This can be a great way to show employees that the company is interested in theirprofessional developmen...
Dependent Care Assistance:If you have dependents, such as children or elderly family members, flex dollars can also be used to cover eligible dependent care expenses. This can include daycare, babysitting, and even certain educational expenses. In conclusion, flex dollars provide significant financial ...
Save on Eligible Expenses Employees can use a DCA to pay for qualifying expenses such as daycare, summer day care, elder care, before and after school programs, and pre-school. Easy Spending and Account Management Employees will receive an Ameriflex Debit Mastercard® linked to their DCA. The...
Use pretax dollars to pay for eligible health care and dependent day care expenses. Dental and vision coverage Employees can choose a traditional dental plan or a dental maintenance organization plan. A vision care plan is offered which covers an annual routine eye exam as well as frames, ...
Put pre-tax money aside to pay for certain eligible expenses read more HealthcareReimbursement Arrangement Reduce healthcare costs read more CommuterBenefits Put pre-tax money aside to reduce commuting fees read more cobra Consolidated Omnibus Budget Reconciliation Act ...
Eligible expenses include Deductibles, co-pays, & co-insurance Prescription drugs Glasses & contact lenses Chiropractic care and Child care Expenses can be for you, your spouse or any of your dependents, even if they are on a different insurance plan. ...
(often as flex credits) to pay for or reimburse certain medical care expenses not otherwise covered under the individual's health plan. Generally, only expenses that are identified underIRC § 213(d)and are incurred by the employee or the employee's spo...
healthinsuranceandyourdependentcare expenses,youchoosehowmuchofyourpayto placeintheseaccounts. Whenyourgrosspayistaxed,themoneyyou electedtoplaceintotheBESTflexPlanisnot countedastaxableincomesoyoupayless taxes.Eachtimeyoupayoutofpocketforan eligibleexpense,yousubmitaclaimandthe ...
Bare in mind that you may have some unsubstantiated expenses. That happens when you possibly have an FSA debit card transaction that you are required to substantiate as an eligible expense, Tippens explained. "Determine if you have any of those," she said. "Do your best to get the docume...
Dependent Day Care - 600 - 4,800 Taxable Income Less Estimated Taxes* $25,000 - 5662.50 $19,600 - 4,439.40 Annual Income After TaxesLess After-Tax Expenses: Medical Expenses Dependent Day Care Total Annual Take-Home Pay $19,337.50