Clinton County offers two types of Flexible Spending Accounts administered by Chard Snyder:
- Health Care Spending Account
- Day Care Spending Account
A Flexible Spending Account (“FSA”) allows you to pay for eligible health care and/or day care expenses on a pre-tax basis. You can choose to contribute to one or both of the accounts (or waive participation in both). Clinton County’s FSA’s are administered through Chard-Snyder.
Both accounts are “Use it or Lose It”–you should estimate potential expenses conservatively because if you have money in your account and do not have eligible expenses, you will forfeit those funds. Here’s how the Health Care Spending account works:
- The maximum amount of money you can deposit in your health care FSA is $2,500 per calendar year.
- Each pay period (26 pay dates), money is deducted before taxes are withheld from your pay and contributed to your health care FSA.
- The amount of money that you wish to pledge to your account on an annual basis is made available to you “up front” and you pay the account back each pay period for the remainder of the calendar year.
- Out-of-pocket expenses you or your dependents incur for Medical, Prescription, Dental and Vision expenses are eligible for reimbursement. Examples include co-pays, deductibles and coinsurance. Fax or mail your Explanations of Benefits from your insurance carrier along with a Spending Account Claim Form to Chard-Snyder. (FSA claim form is included at the bottom of this page for printing).
- You may use your debit card to pay for out-of-pocket expenses at the time of service. Please keep your card even after you have exhausted the current year’s election since it will be used next year if you enroll in healthcare flex spending (otherwise there is a charge for replacing the card). Keep your receipts even if you utilize the convenience of the debit card so that you have documentation of the transaction.
- For a complete list of health related expenses that are eligible for reimbursement through a health care spending account is available on Chard-Snyder’s website at http://www.chard-snyder.com. Chard-Snyder process health care spending account claims three times each week and reimbursement checks are always mailed directly to the employee.
- For reimbursements for which you do not use the debit card, you may choose to be reimbursed by check or by direct deposit.
Here’s how the Day Care Spending Account works:
- The maximum amoutn of money you can deposit in your day care FSA is $5,000 per calendar year, or $2,500 if you are married and file separate tax returns.
- Each pay period, money is deducted before taxes are withheld from your pay and contributed to your day care FSA.
- Unlike the Health Care FSA, money is not available until it has been deducted from your paycheck.
- When you have an eligible expense (for children under the age of 13 and other qualifying dependents), you submit an FSA claim form to Chard-Snyder. FSA claim form is included at the bottom of this page for printing. Debit cards are not available for day care expenses.
- You must include your childcare provider’s Social Security Number or taxpayer’s identification number.
- Claims are processed three times per week, and you will be reimbursed for your eligible expenses up to the amount you have contributed to your Day Care FSA.
- You may choose to be reimbursed by check or by direct deposit.
Please view flex-spending-brochure.
Contact Chard Snyder:
Chard, Snyder & Associates
3510 Irwin Simpson Rd
Mason OH 45040
Phone (800) 982-7715
Toll-Free Fax (888) 245-8452
By registering on the Chard website, you may view your expenditures and account balance at any time.