For Gold Participants and those not covered under a Non-HSA Qualified Health Plan
I authorize my employer to reduce my gross paycheck in equal installments based on the annual election below by the following pre-tax amounts to fund flexible spending account(s). For reimbursement of eligible medical, dental, and vision expenses. (Maximum election $2,750 per plan year)
By enrolling in FSA, I understand that:
- These contributions to my flexible spending account(s) will be deducted from my paycheck on a per pay period basis.
- I understand that this authorization cannot be changed during the plan year unless I experience a change in family status as established by IRS regulations.
- I understand that any unused amounts remaining in the dependent daycare assistance account at the end of the plan year and grace period will be forfeited in accordance with the rules and regulations established by the IRS.
- I understand that if I leave the company before the end of the plan year I have 90 days from the date of termination in which to submit claims that were incurred before my termination date.