Flexible Spending
Flexible Spending Account (FSA)
Plan Section 125 Flexible Benefit Plans allow employees to direct a part of their pay, on a pre-tax basis, into a special account that can be used to reimburse them for Dependent Day Care and/or Unreimbursed Medical expenses. Because the money goes into the accounts before federal income taxes or FICA contributions are withheld, the employee pays less in taxes, and ultimately has more disposable income. As qualified Dependent Day Care and/or Unreimbursed Medical expenses are incurred, the employee submits appropriate claim paperwork to the plan administer for reimbursement.
Washoe County's Flexible Spending Benefit Plan is administered by American Fidelity Assurance Company.
Dependent Day Care Reimbursement
A Dependent Day Care Reimbursement account is used to reimburse eligible dependent care expenses incurred to allow the employee (and spouse if married) to work or look for work. Employees at Washoe County may allocate up to $5, 000 pre-tax per calendar year for reimbursement of dependent care services ($2,500 if you are married and file a separate tax return).
Dependent Day Care Reimbursement Claim Form
Unreimbursed Medical Expense Account
An Unreimbursed Medical Expense Account may be used to reimburse eligible medical expenses incurred for the employee, spouse and eligible dependents. Example of eligible medical expenses may be found on American Fidelity's website. Employees at Washoe County may allocate between $300 and $3,600 pre-tax dollars per calendar year for reimbursement of eligible medical expenses.
Unreimbursed Medical Claim Form
Reimbursement Process
Upon incurring an eligible expense, participants should complete the claim form appropriate for the expense (Dependent Day Care or Unreimbursed Medical) and submit the completed form along with supporting receipts to American Fidelity. Instructions are provided on the claim forms.
To expediate the reimbursement process, employees may wish to have reimbursements directly deposited into a checking or saving account. To enroll in that option, complete the direct deposit form and return it to American Fidelity.
The benefit information provided is subject to change. If there are any conflicts of benefit descriptions at any time, the plan document for that benefit will prevail.
