Flex Spending Information
Wage Works
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.
WageWorks EZ Receipts Mobile App
UPDATE: 10/18/2015
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
UPDATE: 10/28/2020
ISI has amended our FSA Plan in accordance with IRS Notice 2020-33 which increases the maximum $500 carryover amount for a plan year to an amount equal to 20% of the maximum salary reduction contribution under § 125(i) for that plan year. As an example, the maximum unused amount from a plan year starting in 2020 allowed to be carried over to the immediately following plan year beginning in 2021 is up to $550.00 (20 percent of $2,750, the indexed 2020 limit under §125(i)) This amount is subject to be increased via indexing in future years.
WageWorks® Healthcare Flexible Spending Account with Carryover
Frequently Asked Questions
Salary Redirection Agreement Form
