There are two types of FSA: Un-reimbursed Medical (URM) and Dependent Day Care (DDC). Participation in an FSA program allows employees to set aside a portion of each paycheck for URM and/or DDC expenses. This amount is deducted from their paycheck before taxes are deducted, so they won't pay taxes on the money they spend on their URM and/or DDC expenes.
Adding Services
If you're interested in adding Flexible Spending Accounts (FSAs) to your employees' benefits package download the following brochures and agreement form for your review:
Un-reimbursed Medical (URM) Brochure
Dependent Day Care (DDC) Brochure
Salary Redirection Agreement
Once you've completed the Salary Redirection Agreement you may fax your form to our Administrative Services SRA Submission Fax Line at 1-877-FLEX-SRA (1-877-353-9772). To find out more about Flexible Spending Accounts, call 1-800-32-FLEX1 (1-800-323-5391) between 8 am and 7 pm EST. To inquire about other Aflac New York products and services, call 1-800-366-3436.
Information
The FSA Participant Handbook provides the general guidelines for participation in an Unreimbursed Medical (URM) or Dependent Care (DDC) expense Flexible Spending Account (FSA). Information in the FSA Participant Handbook includes URM and DDC explanations and program guidelines, our privacy practices, examples of eligible medical care expenses, sample receipts, tips for filing URM and DDC reimbursement claim requests, and general IRS rules governing FSAs.
Download - FSA Participant Handbook
