Give Yourself a Raise!

Flexible Spending Accounts (FSAs) can increase your spendable income and reduce your tax obligation by allowing you to pay eligible medical and dependent care expenses before taxes are calculated. Here is just a sample of qualifying expenses:

• medical expenses such as insurance premiums, copayments, and coinsurance
• dental expenses such as deductibles, coinsurance, and orthodontia
• vision expenses such as copayments, glasses, and contact lenses and solutions
• dependent care expenses

Let’s look at an example:

	With FSA	Without FSA
Monthly salary before taxes	$3,000	$3,000
Less: Health Care FSA contribution Dependent Care FSA contribution	-130 -400	0 0
Taxable salary	$2,470	$3,000
Less: Taxes (30% Federal, State, and FICA) FSA administration fee	-741 -4	-900 -0
Take-home pay	$1,725	$2,100
Less: Health care expenses Dependent care expenses	0 0	-130 -400
Spendable income	$1,725	$1,570
SAVINGS	$155	$0

Your Health Care FSA Just Got Easier – Thanks to Benny™ Card!

Using the Benny™ MasterCard® makes managing your Health Care FSA funds simple . . .

Let’s assume you . . .
Contribute $1,510 in one year to your Health Care FSA Account (or $130 a month)	Today you would…	With Benny™ you will…
Purchase a prescription (or several prescriptions) at the pharmacy, or need to pay a copay at the doctor’s office	1. Pay what you owe. 2. Save the receipt. 3. Get a claim form. 4. Complete the claim form. 5. Make a copy of your receipt and claim form for your records. 6. Submit the form and receipt for reimbursement (don’t forget to add postage!). 7. Wait for reimbursement via mail. 8. Deposit or cash the reimbursement check.	1. Swipe your Benny™ Card to cover the amount you owe. 2. Save the receipt. (In some instances you may be asked to provide a receipt to verify that your transaction was qualified.) Funds are automatically deducted from your FSA account. That’s it!

Sign up today for our Health Care FSA program and give Benny™ a try. You’ll be glad you did!