Chard Snyder & Associates

FSA accounts are tax free accounts that can save employees money on eligible medical and dependent care expenses. You authorize a dollar amount per pay period to be deposited to your FSA account from your pre-tax salary. There are two types of FSA's: a Health Care FSA and a Dependent Day Care FSA, you may be eligible to use both.
This benefit is available to Active Regular Full-time and some part-time employees. It is not available for retirees.

The money can be used for all eligible dependents, just complete a reimbursement form and attach a receipt. Or the carrier offers a convenient debit card to all participants for easy access to their funds. The employee will have the annual election amount available to them from the first day.

There is also a minimum contribution of $5/paycheck up to a maximum of $208.50/paycheck for the medical FSA. The Dependent Day Care minimum contribution is $5/paycheck and the maximum contribution is $208/paycheck.

Plan year January 1st - December 31st (You must enroll each year at open enrollment).

There is a 2 ½ month grace period available for the Health Care FSA.  After the end of the plan year (December 31st), expenses that are incurred within the next 2 ½ months ( January 1st through March 15th) may be applied to the remaining balance for the previous plan year.  Ex: Expenses incurred January 1st-March 15th, 2008 may be applied to any remaining 2007 balance.

Same as KCTCS.

UK FSA

Plan operates the same way. There is a minimum contribution of $10.42/paycheck up to a maximum of $166.67/paycheck for the Health Care FSA. The Dependent Day Care minimum contribution is $20.83/paycheck and the maximum contribution is $208.33/paycheck. Regular full-time or half-time employees are eligible

Plan year July 1st - June 30th (You must enroll each year at open enrollment).
 
There is a 2 ½ month grace period available for the Health Care FSA.. After the end of the plan year (June 30th), expenses that are incurred  within the next 2 ½ months ( July 1st through September 15th) may be applied to the remaining balance for the previous plan year.

Chard Snyder & Associates

FSA accounts are tax free accounts that can save employees money on eligible medical and dependent care expenses. You authorize a dollar amount per pay period to be deposited to your FSA account from your pre-tax salary. There are two types of FSA's: a Health Care FSA and a Dependent Day Care FSA, you may be eligible to use both.
This benefit is available to Active Regular Full-time and some part-time employees. It is not available for retirees.

The money can be used for all eligible dependents, just complete a reimbursement form and attach a receipt. Or the carrier offers a convenient debit card to all participants for easy access to their funds. The employee will have the annual election amount available to them from the first day.

There is also a minimum contribution of $5/paycheck up to a maximum of $208.50/paycheck for the medical FSA. The Dependent Day Care minimum contribution is $5/paycheck and the maximum contribution is $208/paycheck.

Plan year January 1st - December 31st (You must enroll each year at open enrollment).

Same as KCTCS.  Except the 2 ½ month grace period is not available.

UK FSA

Plan operates the same way. There is a minimum contribution of $10.42/paycheck up to a maximum of $166.67/paycheck for the Health Care FSA. The Dependent Day Care minimum contribution is $20.83/paycheck and the maximum contribution is $208.33/paycheck. Regular full-time or half-time employees are eligible

Plan year July 1st - June 30th (You must enroll each year at open enrollment).

There is a 2 ½ month grace period available for the Health Care FSA.. After the end of the plan year (June 30th), expenses that are incurred  within the next 2 ½ months ( July 1st through September 15th) may be applied to the remaining balance for the previous plan year