- Aug
- 16
- 2016
Extra Healthcare Costs?
If you planned accordingly you should still have a nest egg set aside in your 2016 Healthcare Flexible Spending Account. If eligible, each year you have the opportunity to set aside pre-tax dollars through payroll deduction during Northwell Health’s annual benefits open enrollment. The deduction allows you to save for extra costs in your healthcare needs. So let’s say you had a summer injury and you are stuck with the unexpected cost of bandages, crutches, chiropractic care, and co-payments for rehab … all covered. In addition, most preventive care items are also covered: this include vitamins, sunscreen, vaccinations, and much more.
On average, you can save 30% when enrolling in a Healthcare Flexible Spending Account. Be smart during 2017’s Open Enrollment and elect to participate in this value-added account!
What is the process to use 2016 left over $$ in FSA? I want to finish up the money from that year by the end of March.
You have until this Wednesday, March 15 to deplete your 2016 Healthcare FSA. There are plenty of ways you can spend your pre-tax dollars – even over the counter. Did you know sunscreen and vitamins are considered eligible? To find the full list, visit wageworks.com. In addition, all receipts for your 2016 Healthcare FSA is due to Wageworks by March 31. For more information, call 877-924-3967.