Are you future

ready?LIMITED PURPOSE FLEXIBLE SPENDING

ACCOUNTS FROM VOYA FINANCIAL®

Maximize your healthcare savings

What is a Limited Purpose FSA?A Limited Purpose FSA is an employer-sponsored plan that allows you to pay for expenses with pre-tax dollars for specific dental and vision care expenses. Limited Purpose FSAs are exempt from federal income taxes, Social Security (FICA) taxes and, in most cases, state income taxes.

Double tax-advantaged

CONTRIBUTE PRE-TAX FUNDS

SPEND FUNDS TAX-FREE1

1The amount you save in taxes will vary depending on the amount you set aside in the account, your annual earnings, whether or not you pay Social Security taxes, the number of exemptions and deductions you claim on your tax return, your tax bracket and your state and local tax regulations. Check with your tax advisor for information on whether your participation will affect your tax savings.

The list of eligible expenses are set by federal regulations and are subject to change. Contact your Plan Administrator for more information or visit www.irs.gov for details. Limited Purpose FSAs are accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC) and administered by WEX Health, Inc.

A Limited Purpose FSA works with a qualified high-deductible health plan (HDHP) and HSA. If you have additional vision and dental expenses to cover in the coming year, enrolling in a Limited Purpose FSA, along with your HSA, can help you cover those additional eligible expenses.

How does a Limited Purpose FSA work?Enroll, elect an annual contribution, and start spending. Before you enroll, you must first decide how much you want to contribute to your account. Keep in mind the amount of your pay that goes into a Limited Purpose FSA does not count as taxable income, so you can experience immediate tax savings.You will want to spend some time estimating your anticipated eligible dental and vision care expenses for the coming calendar year. Then you’ll select an annual contribution, to be deducted from your paycheck in equal installments throughout the year. Be thoughtful when estimating contributions, as the IRS has a maximum amount allowed, and any money left unspent in your Limited Purpose FSA at the end of the year will not rollover.Contributions are available for reimbursement based on your payroll deduction cycle. As you use your Limited Purpose FSA throughout the year, be sure to save your receipts. You’ll need them to verify your expenses for the IRS. As an account holder, you will have access to a secure web portal and mobile app to save images of your receipts, track your balance and view account details, such as contributions and distributions. You will also be able to report a lost or stolen debit card and connect with customer service through the portal and app.

Limited Purpose FSA dollars are focusedSave money and pay for healthcare expenses with an efficient Limited Purpose FSA and a flexible HSA:

Get reimbursed for all eligible vision and dental expenses from your Limited Purpose FSA. Pay for glasses, contact lenses, LASIK surgery, orthodontia care, braces and more with your Limited Purpose FSA.Leave more of your HSA funds for co-pays, coinsurance, deductibles and prescriptions.

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Do more with a future-ready, Limited Purpose FSA

Enjoy tax savingsMake pre-tax deductible contributions and receive tax-free reimbursements for qualified plan expenses. The amount you save in taxes increases with the amount you allocate.

Use the convenient prepaid benefits cardQuickly and easily access funds, and reduce filing hassles and paperwork. Simply swipe the card at the point of sale for eligible services and products that aren’t covered by your insurance.

Access the online consumer portalSecurely access the consumer portal anytime. The site allows you to file claims easily, get email notifications, stay up to date on your balance and find answers to benefit questions.

Download the free mobile appManage your FSA on the go with our easy-to-use mobile app. Access your account, verify transaction receipts and request a direct deposit to your bank account – all from your mobile device.

2019 projected Limited Purpose FSA maximum contribution limit $2,700

INDIVIDUAL

Limited Purpose FSAs are accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC) and administered by WEX Health, Inc.The amount you save in taxes with a Limited Purpose FSA will vary depending on the amount you set aside in the account, your annual earnings, whether or not you pay Social Security taxes, the number of exemptions and deductions you claim on your tax return, your tax bracket and your state and local tax regulations. Check with your tax advisor for information on how your participation will affect your tax savings. This brochure highlights some of the benefits of a Limited Purpose FSA. If there is a discrepancy between this material and your plan documents, the plan documents will govern. WEX Health, Inc. reserves the right to amend or modify the services at any time. ©2019 Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC). All rights reserved. 751324202954-03012019

Are you future ready?We’re here to help. Store and view healthcare spending data, track Limited Purpose FSA contributions and payment history, and more. Our Limited Purpose FSA solutions offer a tax-free way to pay qualified expenses, and future ready funds available for the year.