presentation midas template
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FAS TemplateTRANSCRIPT
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2014 MIDAS SOLUTION,Inc.
MIDAS - FLEXPAYSmart, simple ways t
sa!e an" #ealt$y
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This presentation covers:MIDAS - FLEXPAYser!ice !er!iew
Health Care FSADependent Care FSAFSA Merchant et!or"
#w t %se y%r Acc%ntT$e MIDAS - FLEXPAY&, y%r '(
Mney )ayrll#elp*%l tls an" res%rces
T$e MIDAS - FLEXPAYM+ileApplicatin
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#hat is a MIDAS - FLEXPAY $
An -SA lets y% set asi"e mney *rm y%r
payc$ec t %se *r eli/i+le %t(*(pcetepenses.% cntri+%te t an -SA wit$ preta mney *rmy%r payc$ec.
%r -SA is a"ministere" +y )ay-le&.
#e !ill %e disc&ssin' t!o t(pes o) FSAs:
Health Care acco&nt Dependent Care acco&nt
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#hat is the %ene*t o) an FSA$Here+s an e,aple o) ho! havin' an FSA can helpred&ce (o&r ta,es and increase (o&r ta"e hoe pa(.
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Ann&alSalar(
Health CareFSA
Ann&alContri%&tion
DependentCare FSAAnn&al
Contri%&tion
Savin's
30,000 31,500 30 /012
350,000 31,650 34,000 /34020
360,000 32,000 34,500 /34156
7T$is eample is +ase" n 6.859 -I:A an" 159 ta +racet
ote: ;e a"!ise" t$at t$is eample is *r ill%strati!e p%rpses nly. T$esepr
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Health Care FSAA Health Care FSA a"es it eas( to save
)&nds to &se )or eli'i%le health caree,penses that are not covered %(ins&rance7
T$e Internal =e!en%e Ser!ice >I=S? ann%al $ealt$ care-SA preta cntri+%tin limit is /648827
I) (o& and (o&r spo&se each have ahealth care FSA4 (o& can each contri%&te
/648827Yo&r ini& contri%&tion liit is/627229onth /612 ann&all(;
Yo&r entire contri%&tion is availa%le at the%e'innin' o) the plan (ear7
%r $ealt$ care -SA *%n"s can +e %se" +y y% an"@
Yo&r spo&se
Yo&r child to a'e 6
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Health Care FSA E,pensesSoe coon eli'i%le e,penses
incl&de:
Me"ical "ental "e"%cti+les, c(paysan" c(ins%rance
)rescriptins
O!er(t$e(c%nter items >OT:?ote: =TC dr&'s and edicines re>&irea prescription
#spital epenses
LASIB s%r/ery an" eye /lasses
:ntact lenses an" saline sl%tin
#earin/ ai"s an" +atteries
Ort$pe"ic "e!ices
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T$is material is *r in*rmatinal p%rpses nly. 'li/i+le epenses an" +eneCts may !ary *rm emplyer t emplyer. Incase * a cnict +etween y%r plan "c%ments an" t$e in*rmatin in t$is material, t$e plan "c%ments will/!ern. )lease re*er t y%r emplyerEs S%mmary )lan Descriptin >FS)DG? *r mre in*rmatin a+%t y%r
c!ere" +eneCts
Hiew a cmplete list * cmmn eli/i+leepenses n HealthH&%7co4y%r )ay-le mem+er we+site.
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Dependent Care FSAA Dependent Care FSA is a 'reat !a( to save )&nds
to &se )or eli'i%le child and ad< care e,penses
T$e I=S ann%al "epen"ent care -SA limit is /84222 per$%se$l"*amily.
I) (o& and (o&r spo&se each have a dependent
care FSA4 (o& are liited to &p to /84222 %et!eenthe t!o o) (o&7
Yo&r ini& contri%&tion liit is /127229onth
/1?2 ann&all(;7
T %se y%r *%n"s, y% m%st +e wrin/.
I) (o& are arried4 (o&r spo&se &st either %e!or"in'4 loo"in' )or !or"4 %e a )&ll-tie st&dent orincapa%le o) sel)-care7
Acco&nt )&nds are &sed )or (o&r:
eli'i%le dependent &nder a'e 307
or )or a spo&se or dependent &na%le to ta"e care o)
hi9hersel)7
-%n"s +ecme a!aila+le as t$ey are "e"%cte" *rm y%r
payc$ec, an" "epsite" int y%r acc%nt.
Yo& and9or (o&r spo&se; don+t need to %e covered %((o&r eplo(ers health plan to participate in aDependent Care FSA7
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Dependent Care FSASoe coon eli'i%le e,penses incl&de:
License" "ay care pr!i"erIn($me pr!i"er >t$is canEt +e y%r c$il" %n"er a/e 1J, rsmene y% claim as a ta "epen"ent?S%mmer camps >nt !erni/$t?T%itin t$r%/$ presc$l;e*re an" a*ter sc$l care >%n"er a/e 1?
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Hiew a cmplete list * cmmn eli/i+leepenses n HeathH&%7co4y%r )ay-le mem+er we+site.
T$is material is *r in*rmatinal p%rpses nly. 'li/i+le epenses an" +eneCts may !ary *rm emplyer t emplyer. Incase * a cnict +etween y%r plan "c%ments an" t$e in*rmatin in t$is material, t$e plan "c%ments will/!ern. )lease re*er t y%r emplyerEs S%mmary )lan Descriptin >FS)DG? *r mre in*rmatin a+%t y%r
c!ere" +eneCts
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FSA Contri%&tions @sin' (o&r )&nds
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Plannin' (o&r FSA contri%&tion% can ONL c$an/e y%r cntri+%tin am%nt i*y% $a!e a c$an/e in stat%s. S%c$ as maritalstat%s, ta "epen"ents, emplyment, etc.
se-it-or-lose-it r&le (( Any *%n"s le*t in y%r -SAat t$e en" * t$e plan will +e *r*eite".
T$e /race peri" allws y% t inc%r epenses %p tove%er 387
T$e r%n %t peri" /i!es y% mre time s%+mitclaims t pay y%rsel* +ac *rm y%r acc%nt. %rlast "ay t s%+mit claims is Dece%er 03.
Speci*c to the Dependent Care FSA:
)ay y%rsel* +ac *r ser!ices alrea"y recei!e".
% can ONL c$an/e y%r cntri+%tin i*@
There is a chan'e in (o&r provider
There is a chan'e in the cost )or a provider
this provider can+t %e a relative;
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ote:T $elp plan y%r cntri+%tinK T$in a+%t t$e eli/i+le epenses y% $a"last year an"r t$is year. T$en, w$at y% epect t$is year.
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sin' (o&r FSA dollarsse the Pa(Fle, CardB4 (o&r acco&nt de%it card
% may %se t$e car" t pay *r eli/i+le health care FSA epenses.
Optinal *r #ealt$care -SA
3J.00 Ann%al -ee >"e"%cte" *rm y%r electin am%nt?
I* y% c%rrently $a!e a )ay-le :ar" an" w%l" lie t cntin%e %sin/ t$e car" "%rin/ t$e %pcmin/
plan year, y% m%st elect t$e car" "%rin/ ann%al enrllment
T$e car" can +e electe" at anytime "%rin/ t$e plan year
Pa( (o&rsel) %ac" )ro (o&r acco&nt
)ay *r an eli/i+le epenses wit$ cas$, c$ec r a persnal cre"it car", y% can pay y%rsel* +ac.
S&%it a clai online7
se the Pa(Fle, Mo%ile app7
Fill o&t a paper clai )or and )a, or ail it to Pa(Fle,7
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&ic" tips: Dwnla"print a claim *rm y%r acc%nt we+site.
An 'planatin * ;eneCts >'O;? r a "etaile" receiptm%st +e sent wit$ y%r claim.
'nrll in direct deposit4 *r %ic reim+%rsements
Mana/e y%r acc%nts an" transactins nline.
Or"er car"s *r y% sp%se r "epen"ent at n cst.
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It+s eas( to 'etstarted
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It+s eas( to 'et started.
Estiatet$e am%nt y%Ell spen"
n %t(*(pcet $ealt$ care an"r"epen"ent care epenses "%rin/ t$e
plan year.
=e!iew epenses *rm prir plan year.
Use t$e plannin/ tls a!aila+le at
HealthH&%7co.
Decide$w m%c$ y% wis$ t setasi"e in y%r $ealt$ care an"r"epen"ent care -SA.
Di!i"e y%r ann%al cntri+%tin +y t$e
n%m+er * pay peri"s in y%r plan year.
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Pa(Fle, Mo%ileMana'e (o&r acco&nt 6195 !ith the
)ree Pa(Fle, Mo%ile Application
A!aila+le *r i)$ne& an" i)a"& m+ile "i/ital"e!ices, as well as An"ri" an" ;lac;erry&smartp$nes.
The Pa(Fle, Mo%ile app lets (o&:
Mana/e y%r acc%nt *%n"sHiew y%r acc%nt +alance
S%+mit a claim an" !iew claims prcesse"
Hiew )ay-le :ar"& p%rc$ases an" s%+mit"c%mentatin
Hiew a list * cmmn eli/i+le epenses items
Use same %sername an" passwr" as t$e)ay-le mem+er prtal
T$e i)$ne an" i)a" are tra"emars * Apple Inc., re/istere" in t$e U.S. an" t$er c%ntries. ;lac;erry an" relate"tra"emars, names an" l/s are t$e prperty * =esearc$ In Mtin Limite" an" are re/istere" an"r %se" int$e U.S. an" c%ntries ar%n" t$e wrl". Use" %n"er license *rm =esearc$ In Mtin Limite". An"ri" is atra"emar * /le Inc. Stan"ar" tet messa/in/ an" t$er rates *rm y%r wireless carrier still apply.
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#e+re here to help.
Hisit HealthH&%7co
r call %sat 3-?22-6?1-1??8.=epresentati!es are a!aila+le Mn"ay -ri"ay, 6 a.m. 6
p.m. :T an" Sat%r"ay, J a.m. 2 p.m. :T.
T$is material is *r in*rmatinal p%rpses nly. T$e in*rmatin "escri+es t$e -lei+le Spen"in/ Acc%nt >F-SAG? in /eneral terms. -SA plans are/!erne" +y t$e r%les * Sectin 125 * t$e Internal =e!en%e :"e an" will +e a"ministere" in accr"ance wit$ t$se r%les. 'stimate*%n" am%nts care*%lly. Un%se" *%n"s may +e *r*eite". 'li/i+le epenses may !ary *rm emplyer t emplyer. In case * a cnict+etween y%r plan "c%ments an" t$e in*rmatin in t$is material, t$e plan "c%ments will /!ern. )lease re*er t y%r emplyerEsS%mmary )lan Descriptin >FS)DG? *r mre in*rmatin a+%t y%r c!ere" +eneCts.
T$e i)$ne an" i)a" are tra"emars * Apple Inc., re/istere" in t$e U.S. an" t$er c%ntries. ;lac;erry an" relate" tra"emars, names an" l/sare t$e prperty * =esearc$ In Mtin Limite" an" are re/istere" an"r %se" in t$e U.S. an" c%ntries ar%n" t$e wrl". Use"%n"er license *rm =esearc$ In Mtin Limite". An"ri" is a tra"emar * /le Inc.
T$is material is *r in*rmatinal p%rpses nly. Master:ar"& is a re/istere" tra"emar * Master:ar" Internatinal Incrprate". In*rmatin is
+elie!e" t +e acc%rate as * t$e pr"%ctin "ateP $we!er, it is s%+