Flex Spending Information
A WageWorks® Healthcare Flexible Spending Account (FSA) is a pre-tax benefit account used to pay for eligible medical, dental, and vision care expenses that aren’t covered by your insurance plan or elsewhere. It’s a smart, simple way to save money while keeping you and your family healthy and protected.
WageWorks® Healthcare Card: You use a Prepaid Card when making healthcare-related purchases at, for example, pharmacies and opticians. It’s just like a debit card–just swipe and go.
A Healthcare FSA lets you pay for qualified out-of-pocket health care expenses on a pre-tax basis. The money you contribute to a Healthcare FSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck.
ISI has amended our FSA Plan to include the $500 Carry Over beginning with Plan Year Ending 2015 / Beginning 2016. This applies only to the FSA Health and is in lieu of the Extended Benefit Date. The Dependent Care Account remains unchanged, utilizing the Extended Benefit Date (3/15/16)for unused portions. Both plans still require all claims to be made by 3/31/16. If you have questions, please contact your HR Dept. (256) 895-0106 ext 100