Flexible Spending Accounts

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WEX


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Flexible Spending Accounts


You may elect to pay for eligible healthcare or dependent day care with pre-tax deposits to the Flexible Spending Accounts (FSAs). Your income reported to the IRS is reduced by the amount of your FSA contributions, which results in lower overall taxes for you.  You may be reimbursed for expenses incurred during the plan year.  You will forfeit any unclaimed money left in your account after the end of the plan year run-out period.  FSA is administered by WEX.
 
Pre-Tax Parking Benefits


Pre-Tax Parking Benefits allow you to set aside pre-tax dollars to pay for expenses related to work-related parking costs, including parking passes.
  • Parking: you may set aside up to $300 per month to be used for eligible parking expenses
  • Parking benefit elections are submitted monthly via PeopleSoft: Self Service > Payroll and Compensation > Voluntary Deductions
  • You can pay for services using your debit card, or by paying out of pocket and submitting a reimbursement request to WEX
  • If you terminate employment, you may submit claims that were incurred prior to your termination. Any unused funds will be forfeited


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