SAVE BIG ON MEDICAL EXPENSES
Enrolling in a Healthcare Flexible Spending Account (FSA) is a great perk that delivers real money, allowing you to use pre-tax dollars to ease the financial burden of out-of-pocket healthcare expenses that come your way.
You decide how much to contribute and then enjoy immediate access and tax-free savings (on average of 30% or more), using the funds as you see fit for planned or unplanned expenses. Here's what you need to know to get started.
SAVINGS CALCULATOR
Watch Your Savings Grow
Calculate your potential savings based on your contributions, budget and spending patterns.
SIGN UP NOW
- Contact your Benefits Specialist
- Visit www.takecarewageworks.com or call us directly at 1-800-950-0105 to sign up or learn more
REAL LIFE SAVINGS
Regular Medical Expenses
| Say you earn | $4,000 |
| you pay taxes (30% x $4,000) | $1,200 |
| assume your expenses are | $2,500 |
| left for you | $300 |
Flexible Spending Account
| Say you earn | $4,000 |
| assume you max out your deductions | $2,500 |
| you pay taxes (30% x $4,000) | $450 |
| left for you | $1,050 |
| That's an extra $750 for you! | |
SUCCESS STORIES
Jessica
"Our overall living costs are significant, so I wasn't going to pass up an opportunity to boost my take-home pay. Last year, I knew that our co-payments, over-the-counter items, and orthodontia work for my son would total at least $2,500. So, I contributed that amount to my Healthcare FSA, used the tax-free dollars to cover those costs and as a result brought home almost $100 more every pay period."
