•  WEX Inc.

     

     

     

     Medical Flexible Spending Account (FSA)

    Columbus City Schools benefits program offers a Medical Flexible Spending Account (FSA) to help you set aside tax-free dollars to cover eligible healthcare expenses. You are able to elect an annual amount from $260 to $3,300 to use for medical, dental, vision and hearing expenses not covered by the benefit plans, such as co-pays and deductibles, as well as other eligible expenses.

    Once enrolled, WEX, Inc. will issue you a debit card and the amount of your election will be available for you to use immediately. This amount will be divided evenly by the number of paychecks for the year and deducted via payroll deduction on a pre-tax basis which lets you take home a larger paycheck by reducing taxable income.

    Sometimes you will be asked to substantiate that the funds were used on eligible expenses. It's easy to do: 1. Download the WEX, Inc. App, 2. Take a picture of your receipt, submit, and you're done! You can also register for your WEX, Inc. account by visiting www.wexinc.com. Here you can also upload your receipts and check your balance.

    Note that up to $660 dollars of these funds will roll over to the following plan year.  Any remaining amount above $660 will be forfeited after 12/31.  Visit the FSAStore.com to easily shop for eligible items if you need to spend FSA dollars at the end of the year.  

    For more information on plan rules and regulations please see the Employee Benefits Guide to help you determine if an FSA is right for you.                                                                                                                                                  

     

  • Dependent Care Flexible Spending Account

    Dependent Care FSA lets you save pre-tax money on daycare expenses for children up to age 13 or for a disabled spouse or dependent of any age. Estimate your eligible expenses for dependent daycare while you work and/or other eligible dependent care expenses. The maximum you may elect is $5,000 per household. Pay for eligible dependent care expenses out of your own pocket and submit a claim for reimbursement (with a copy of any necessary receipts) to Wex Inc. at the address listed on the claim form (available on Wex Inc. website). You also have the option to set up recurring reimbursements. (See below for applicable form.)

     For more information on plan rules and regulations please see Employee Benefits Guide to help you determine if an FSA is right for you.