With an FSA, you can set aside tax-free money to pay for eligible expenses. This information from ConnectYourCare explains the benefits of participating in a Flexible Spending Account. Veolia offers the following FSA options, administered by ConnectYourCare:
There are specific rules about what types of over-the-counter expenses can be reimbursed from Health Care and Limited Purpose FSAs. This flyer from ConnectYourCare provides more information about eligible expenses and submitting claims through ConnectYourCare download a claim form HERE. Also, ConnectYourCare has a tool on their website called the FSA Savings Calculator which can assist you in making your enrollment decisions.
When you participate in an FSA, you decide how much you want to contribute each plan year (January 1 through December 31), up to IRS annual limits. The amount you elect to contribute is deducted from each paycheck before taxes are taken out — this lowers your taxable income, which means lower taxes for you!
If you’re new to the FSA, you first must register with ConnectYourCare before you can access your account online. For additional assistance contact ConnectYourCare at 844-609-1806.
For detailed guidelines on how to submit claims for reimbursement from your health care and/or dependent care flexible spending account, click HERE. In addition to significant savings, your account also offers the convenience of easy reimbursement. You have the option to submit claims using your phone or online. Simply snap a picture of your receipts, and ConnectYourCare will send your reimbursement within a few days.
The IRS updated the annual maximum amount you may contribute to a Health Savings FSA or Limited Purpose FSA for 2020; it increased from $2,700 to $2,750. This increase was announced after Veolia’s Annual Enrollment communications were finalized, however the enrollment system has been updated to allow for a 2020 annual maximum contribution of $2,750.
Please contact ConnectYourCare Customer Service at (844) 609-1806 or online at connectyourcare.com/veolianorthamerica.