2020 Flexible Spending Accounts (FSA)

You can elect to open a Flexible Spending Account and contribute pre-tax dollars to help pay for eligible expenses now or in the future.

You do not have to be enrolled in medical coverage through The Christ Hospital to elect an FSA, however you must ensure that the FSA you elect is compatible with your medical coverage

Types of FSAs

Health Care FSA covers eligible medical, dental, vision and prescription drug expenses, such as deductibles, prescriptions, orthodontia, LASIK & hearing aids.
-You can contribute up to $2,700 in 2020. A $10 per pay period minimum contribution is required.
-You are eligible for a Health Care FSA if you enroll in a PPO plan such as the Core PPO plan.
-You are not eligible for a Health Care FSA if you enroll in a High-Deductible Health Plan (HDHP) with a Health Savings Account (HSA).

Limited Purpose FSA covers eligible dental and vision expenses only.
-You can contribute up to $2,700 in 2020. A $10 per pay period minimum contribution is required.
-You are eligible for a Limited Purpose FSA if you enroll in a PPO plan or if you enroll in a High-Deductible Health Plan (HDHP) with a Health Savings Account (HSA).

Dependent Care FSA covers eligible care for your dependents, including childcare for children under age 13, pre-school expenses, elder care and summer day camp.
-You can contribute up to $5,000. A $10 per pay period minimum contribution is required.

More information regarding your FSA and how to pay for eligible expenses will be mailed to your home address from Chard Snyder. Please note, you will have the opportunity to seek reimbursement for eligible expenses incurred through December 31st within 90 days following the end of the plan year. If you not submit your claim expenses within the 90-day window, any remaining funds in your FSA will be forfeited.

To discover more about the advantages of electing an FSA, click here.

If you have a Health Savings Account, learn how to compliment it with either a Limited or Dependent Daycare FSA and click here.

You may also access the Chard-Snyder website to learn more via www.chard-snyder.com

To view the 2020 FSA Summary Plan Document (SPD), click here.

To view general plan information and download forms as well as access your personal account online: http://chard-snyder.com/support-center/forms-and-resources/.