Apex allows you to contribute to one or both flexible spending accounts, which allow you to save taxes on certain out-of-pocket health care and dependent care expenses. The FSAs are administered by TaxSaver.
A Flexible Spending Account (FSA) is a tax-free method for you to pay out of pocket eligible medical, dental and vision expenses, as well as eligible child care expenses. You can elect up to $3,050 for the Health FSAs and up to $5,000 for the Dependent Day Care FSA. Apex will deduct the amount you elect on a pre-tax basis over the number of pay periods during the plan year.
The Health FSA provides you access to your annual election on the first day that you become eligible to participate in the FSA Plan. You may withdraw more from the account than you have contributed, but never more than you elect. The Dependent Day Care FSA works like a bank account. You may only receive a reimbursement for as much as you have contributed at any time during the
The FSA Debit Card can be used at the physician’s office, hospital, Urgent Care center, dentist/orthodontist, vision provider, and pharmacy, AS LONG AS they have a proper Medical Merchant Category Code. The cards will also be accepted at your daycare provider if they accept credit cards.
You may mail, fax, email or submit a claim online or use the TaxSaver Plan Mobile App.
You can log into your account via the TaxSaver Plan website at taxsaverplan.com. Click on EMPLOYEES and enter your username and password.
You can also view your account balance on this page. Claims are reimbursed each week.