MMFS Employee Benefits Guide 2022

F.S.A. BENEFITS

ANNUAL CONTRIBUTION LIMITS Maximum contribution is $2,750 for the 2021-2022 plan year

EXAMPLES OF ELIGIBLE EXPENSES

ACCOUNT TYPE

ACCESS TO FUNDS

PRE-TAX BENEFIT

 Medical Plan Deductibles  Prescription Drugs  Vision Exams/Glasses/ Contacts  Laser Eye Surgery

Allows immediate access to the entire election amount from the 1st payday of the plan year before all scheduled contributions have been made Allows immediate access to the entire election amount from the 1st payday of the plan year before all scheduled contributions have been made

Save 20% - 40% on your health care expenses Save on eligible purchases not covered by insurance Reduce your taxable income Save 20% - 40% on your dental or vision care expenses only Save on eligible purchases not covered by insurance Reduce your taxable income

Health Care FSA

 Dental and Vision expenses only

Employees enrolled in the HDHP/HSA may also contribute money to their Limited Purpose FSA. Maximum contribution is $2,750 for the 2021-2022 plan year Maximum contribution is $10,500 for the 2021-2022 plan year

Limited Purpose FSA (for employees who participate in the HDHP Plan)

 Child care  Nursery school  Before & after school care  Adult care  In-home dependent care  Day camp

You will be able to submit claims up to your year-to-date accumulated amount in your account (You will only be reimbursed based on your accumulated contribution amounts)

Save 20% - 40% on your dependent care expenses Reduce your taxable income

Dependent Care FSA

To manage your flex accounts, log-in to the Health Equity WageWorks website.

QUESTIONS? Call BenefitsVIP at 866.286.5354