FLEXIBLE SPENDING ACCOUNT 
FSA

Eligibility

Employees working twenty-four or more hours a week are eligible to contribute pre-tax salary contributions to flexible spending accounts (FSA’s) the first of the month after thirty days of employment.

How Flex Plan works

The money you choose to contribute to this account may be used to pay eligible out-of-pocket medical, dental, and vision care expenses for you and your dependents as well as work-related child care for dependents 13 years old or younger.

Flexible spending accounts enable employees to set aside dollars on a pre-tax basis to reimburse themselves for out-of-pocket expenses associated with health/medical care or dependent care. Piedmont Health Services offers two Flexible Spending Accounts (FSA):

  • Health Care Flexible Spending Account: Employees may have a maximum of $2,750 per calendar year deducted from their earnings on a pre-tax basis to pay for out-of-pocket costs of healthcare, including copayments, deductibles and certain over-the-counter medications and health supplies.
  • Dependent Care Flexible Spending Account:: Employees may have up to $5,000 annually ($2,500 if married and filing separate returns) deducted on a pre-tax basis to pay for dependent care.
  • Limited Flexible Spending Account: Employees may have a maximum of $2,750 per calendar year deducted from their earnings on a pre-tax basis to pay for out-of-pocket costs for dental and vision expenses. You can elect this plan only if you are enrolled into a Health Savings Account (HSA).

To see a list of eligible health care expenses, visit the following link:

Click to View 2020 FSA Overview

 

Cost of Benefit

Piedmont Health Services, Inc. pays the administration fees for employees for this benefit. The only cost is the amount of money you elect to contribute to the plan.

Advantages of a Flex Plan

  • Tax Savings
    You pay no Social Security (FICA), and no federal or state income tax on dollars routed through the plan.
  • Immediate Savings
    Tax savings are immediate (rather than coming once a year at tax time) since each paycheck reflects lower tax withholdings.

Disadvantages of a Flex Plan

  • If you do not incur the expenses projected, you will forfeit unused salary reduction amounts. This is the “Use It or Lose It” Rule.
  • Your Social Security benefits may be reduced since you will be paying less Social Security taxes.

Checking my balance

You can access the website below and make a confidential online inquiry about the status of your claim. Your health information privacy is important to us. You will need your Pin number.

You can check your account information by visiting www.flores247.com or by contacting
FLORES at 1-800-532-3327.

Other Resources

The Piedmont Healthcare Services HR Department can be reached at hrteam@piedmonthealth.org

919-537-7487 – Office
919-537-0469 – FAX

Video

Piedmont Health Services 2020 FSA & HSA Plans

Online Forms

Allowable FSA Over The Counter Expenses

HUMAN RESOURCES

(Office) 919-537-7503
(Fax) 919-537-0469
hrteam@piedmonthealth.org

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