FINANCIAL WELLNESS Flexible Spending Accounts (FSA) A tax-effective way to pay for eligible health care and dependent daycare expenses Flexible spending accounts (FSA) let you set aside pre-tax dollars to pay for eligible health care and dependent care expenses. There are two separate accounts you may choose to participate in—one for health care and one for dependent care expenses. Your spending account deductions are pre-tax so you can save 25 to 50 percent of your out-of-pocket health care or dependent care expenses. Your money goes further because you never have to pay tax on the money set aside in these accounts. How the Accounts Work You decide how much you want to set aside for eligible health care and/or dependent care expenses incurred during the calendar year. You make a separate annual election for each account. Regular amounts are deducted each payday from your gross wages and deposited to your spending account(s). Reimbursements are issued to you from your spending account when you submit a documented claim to Personify Health. Financial Wellness Benefits My Scripps Benefits offers a range of programs that can provide financial protection and savings: • Flexible spending accounts allow you to use tax-free dollars for eligible health care and dependent care expenses • Disability coverage that provides income if you cannot work • Life insurance in the event of death or serious injury • Whole life insurance that combines permanent life insurance with a cash value • Group critical illness coverage that pays benefits in the event of a covered illness or procedure • Group hospital indemnity coverage that pays benefits in the event of a covered hospitalization • Group accident coverage that pays benefits in the event of a covered accident • Group legal plan providing coverage for a wide range of personal legal matters • Pet insurance to protect the health of your pet • Auto and home insurance is designed to help you save money on your auto, home, and other personal insurance • Identity theft protection works to stop identity theft before it happens with protection up to $5,000,000 to help repair your credit if your identity is stolen • 529 college plan to save for college expenses on a tax-advantaged basis • Savings bonds to save for the future through payroll deductions Quick Facts ELIGIBILITY/ENROLLMENT • F ull-time and part-time benefit-eligible employees are eligible the first of the month following 60 days of employment; must enroll within 60 days of hire • D epartment Directors and above, Fellows and Residents are eligible the first day of employment; must enroll within 31 days of hire OPTIONS • Health care spending account • Dependent care spending account OPEN ENROLLMENT/MID-YEAR CHANGES • Current employees can make changes during the Open Enrollment period or within 31 days of a Qualifying Life Event • Enroll or make changes online using the benefits web enrollment system RESOURCES • Member Services – 877-552-7247: for questions on your account(s), claims • MyScrippsHealthPlan.com: information on FSAs and tracking your account(s) and claims • Scripps HR Service Center – 858-678-MyHR (6947): to report a Qualifying Life Event during the year, general questions 43
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