Flexible Spending Accounts (FSAs)

1. Flexible Spending Accounts (FSAs)

2. Flexible Spending Accounts 3 Types of Accounts Dependent Care Medical Limited Medical

3. Flexible Spending Accounts Common features: All accounts administered by Aetna Minimum/maximum annual contributions: • $60 minimum • $5,000 maximum

4. Flexible Spending Accounts Before-tax deductions Must comply with IRS regulations Each account separate election No transfers between accounts Changes during year limited to qualifiying events Use it or lose it Annual enrollment required

5. FSA-Dependent Care Care for: • children under 13 • disabled child of any age • disabled spouse While you and spouse work/attend school Not occasional babysitter

6. FSA-Dependent Care Care provided in • Your home • Caregiver’s home • Care center

7. FSA – Dependent Care How do you get paid? Must submit claim for each period of care claiming $96.15/weekCan only be reimbursed what have contributed Maximum claim amount: • $416.66/month

8. FSA–Medical IRS eligible expenses: • Medical • Dental • Vision For: • You • Your spouse • Your eligible dependent children • Do not have to be enrolled in NKU plans

9. FSA–Medical How do you get paid? Can be paid for more than contributed Up to annual enrolled amount Debit Card • Swipe for copayments under NKU plans if enrolled • No additional documentation needed File claims • All other types of expenses (deductibles, coinsurance, etc.) must file claim • Provide Explanation of Benefits from insurance

10. FSA–Medical How do you get paid? • Direct deposit • Reduces time to receive payment • Sign up at www.Aetna.com • Streamline dental claims • Eliminates FSA claim filing for dental • Reduces time to receive payment • Sign up at www.Aenta.com

11. FSA–Limited Health If enrolled in HDHP IRS eligible expenses only for: • Dental • Vision For: • You • Your spouse • Your eligible dependent children • Do not have to be enrolled in NKU plans

12. FSA–Limited Health How do you get paid? Can be paid for more than contributed Up to annual enrolled amount No Debit Card Must file claims • Provide Explanation of Benefits from insurance

13. FSA–Limited Health How do you get paid? • Direct deposit • Reduces time to receive payment • Sign up at www.Aetna.com • Streamline dental claims • Eliminates FSA claim filing for dental • Reduces time to receive payment • Sign up at www.Aenta.com

14. FSAs-Aetna • www.Aetna.com • Sign up for My Navigator • Fax claim • Receive email notification of claim receipt • Receive email notification when claim paid • Can opt out of paper Explanation of Benefits

15. FSAs-Aetna

16. FSAs-Aetna

17. FSAs-Aetna

18. FSAs-Aetna

19. FSAs-Aetna

20. FSAs-Aetna