HR Simplified is becoming Chard Snyder effective May 1st
Our Flexible Spending Accounts (FSAs) are administered through HR Simplified. FSAs run on a calendar year basis from January 1 to December 31 of each year. There is an open enrollment in November to sign up for the FSAs; effective January 1 of the following year.
You must make new elections each year; elections cannot be carried over. If total incurred expenses are less than contributions, the excess contributions cannot be returned at the end of the plan year. However, you have until March 15th of the following year to use whatever money you contributed to the FSA in the previous plan year. You have until March 31st of the following year to submit claims for eligible expenses incurred during the previous calendar year.
You have the option to contribute to Health Care Flexible Spending Account and Dependent Care Flexible Spending Accounts. Money contributed to these accounts will be deducted from your paycheck on a pre-tax basis.
Log into dayforcehcm.com to get started.
To begin the enrollment process, click the Benefits icon, select Overview at the top. Available enrollments will be listed under the ENROLLMENTS section. Click START ENROLLMENT.
The 2024 annual contribution limit is $3,200. You can spend your Health Care FSA funds on:
- Expenses not covered by the health plan, such as deductibles, coinsurance, copayments, etc.
- Dental and vision expenses
Eligible Expenses
- Coinsurance, copay amounts, and deductibles
- Contact lenses and cleaning solutions
- Dental care and procedures not covered under the plan
- Eye surgery not covered under the plan
- Eyeglasses not covered under the plan (including prescription sunglasses)
- Hearing aids and batteries
- Orthodontia not covered under the plan
Eligible expenses for this account include dependent care expenses for children under age 13 or dependents of any age that are unable to care for themselves due to mental or physical handicap. These services must allow you or your spouse to work or attend school full-time. The 2024 annual contribution limit is $5,000 per household.
Eligible Expenses
- Au pair fees
- Babysitting fees
- Before and after school care
- Day camp where primary purpose is custodial care
- Eldercare
- FICA/FUTA taxes of day care provider
- Nursery school, preschool, or pre-kindergarten
This benefit is only available to those working in IL; NJ; Seattle, WA; and Oakland, Richmond, Benicia and Milpitas, CA locations.
All full-time employees who work an average of 30 hours per week in the previous calendar month are eligible to participate in the Commuter Benefits Program. Employees are able to deduct up to $315/month from your paycheck on a pre-tax basis for transit (mass transit or vanpool), and/or an additional $315/month for parking (parking at your transit/vanpool pick-up location or city parking if you drive to work.)
Note: The parking benefit should be used for work parking only. Employees cannot use the parking benefit to pay for parking for their apartment building or near their apartment building.
All employees who commute to work by public transit (bus, rail, or ferry) or vanpool can pay their fare with pre-tax dollars. In addition, your parking fee for the transit/vanpool pick-up location or city parking if you drive to work can be paid with pre-tax dollars as well. The parking benefit should be used for work parking only. Employees cannot use the parking benefit to pay for parking for their apartment building or near their apartment building. The federal tax code allows employees to exclude up to $315 per month for both transit or vanpool costs AND parking fees from their taxable income.
Program Options
This program offers the following options:
- Transit: commute to work by public transit (i.e., bus, rail, ferry) OR vanpool
- Parking: parking fee for the transit/vanpool pickup location or city parking if you drive to work
Pre-tax Benefit
Employees can set aside pre-tax dollars to pay for transit or parking costs. This savings affects your taxable income each year.
Monthly Deduction
Changes to your deductions are allowed monthly. However, all changes must be submitted by the 15th of the month to be effective for the first paycheck of the following month. For example: Change amount for March must be submitted by February 15th to be effective for March 1st. The new amount will be included in the first paycheck with the March 1st date.
Debit Card
Once enrolled, first time pre-tax plan employees will receive a debit card mailed to their home address on file that can be used to pay for either transit or parking expenses. If you already have a card from HR Simplified, it will automatically be able to access your new transit and/or parking account. The card is funded after each payroll. The debit card will be funded approximately three (3) days after the amount is deducted from the paycheck.
Direct Deposit
If you prefer your reimbursements be deposited in to your bank account, complete the Direct Deposit Information found on the HR Simplified website under MyAccount, and Reimbursement Preference. If you currently have the direct deposit option, it will continue with the new plan year.
Flexible Spending Account Reference Guide
Flexible Spending Account Reference Guide-Spanish Version
How to Verify Benefits Card Purchases
Health and Dependent FSA Card-Spanish Version
- mypretax.wealthcareportal.com
- 952-737-6020
- [email protected]
Download the HR Simplified app in Google Play or App Store
- Set up your account by selecting REGISTER and follow the steps
- Once your account is set up, you will have access to your benefit accounts and transaction details, claims, cards, alerts and more