Presentation Midas Template

7/21/2019 Presentation Midas Template

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2014 MIDAS SOLUTION,Inc.

MIDAS - FLEXPAYSmart, simple ways t

sa!e an" #ealt$y


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This presentation covers:MIDAS - FLEXPAYser!ice !er!iew

Health Care FSADependent Care FSAFSA Merchant et!or"

#w t %se y%r Acc%ntT$e MIDAS - FLEXPAY&, y%r '(

Mney )ayrll#elp*%l tls an" res%rces

T$e MIDAS - FLEXPAYM+ileApplicatin

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#hat is a MIDAS - FLEXPAY $

An -SA lets y% set asi"e mney *rm y%r

payc$ec t %se *r eli/i+le %t(*(pcetepenses.% cntri+%te t an -SA wit$ preta mney *rmy%r payc$ec.

%r -SA is a"ministere" +y )ay-le&.

#e !ill %e disc&ssin' t!o t(pes o) FSAs:

Health Care acco&nt Dependent Care acco&nt

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#hat is the %ene*t o) an FSA$Here+s an e,aple o) ho! havin' an FSA can helpred&ce (o&r ta,es and increase (o&r ta"e hoe pa(.

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Ann&alSalar(

Health CareFSA

Ann&alContri%&tion

DependentCare FSAAnn&al

Contri%&tion

Savin's

30,000 31,500 30 /012

350,000 31,650 34,000 /34020

360,000 32,000 34,500 /34156

7T$is eample is +ase" n 6.859 -I:A an" 159 ta +racet

ote: ;e a"!ise" t$at t$is eample is *r ill%strati!e p%rpses nly. T$esepr


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Health Care FSAA Health Care FSA a"es it eas( to save

)&nds to &se )or eli'i%le health caree,penses that are not covered %(ins&rance7

T$e Internal =e!en%e Ser!ice >I=S? ann%al $ealt$ care-SA preta cntri+%tin limit is /648827

I) (o& and (o&r spo&se each have ahealth care FSA4 (o& can each contri%&te

/648827Yo&r ini& contri%&tion liit is/627229onth /612 ann&all(;

Yo&r entire contri%&tion is availa%le at the%e'innin' o) the plan (ear7

%r $ealt$ care -SA *%n"s can +e %se" +y y% an"@

Yo&r spo&se

Yo&r child to a'e 6


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Health Care FSA E,pensesSoe coon eli'i%le e,penses

incl&de:

Me"ical "ental "e"%cti+les, c(paysan" c(ins%rance

)rescriptins

O!er(t$e(c%nter items >OT:?ote: =TC dr&'s and edicines re>&irea prescription

#spital epenses

LASIB s%r/ery an" eye /lasses

:ntact lenses an" saline sl%tin

#earin/ ai"s an" +atteries

Ort$pe"ic "e!ices

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T$is material is *r in*rmatinal p%rpses nly. 'li/i+le epenses an" +eneCts may !ary *rm emplyer t emplyer. Incase * a cnict +etween y%r plan "c%ments an" t$e in*rmatin in t$is material, t$e plan "c%ments will/!ern. )lease re*er t y%r emplyerEs S%mmary )lan Descriptin >FS)DG? *r mre in*rmatin a+%t y%r

c!ere" +eneCts

Hiew a cmplete list * cmmn eli/i+leepenses n HealthH&%7co4y%r )ay-le mem+er we+site.


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Dependent Care FSAA Dependent Care FSA is a 'reat !a( to save )&nds

to &se )or eli'i%le child and ad&lt care e,penses

T$e I=S ann%al "epen"ent care -SA limit is /84222 per$%se$l"*amily.

I) (o& and (o&r spo&se each have a dependent

care FSA4 (o& are liited to &p to /84222 %et!eenthe t!o o) (o&7

Yo&r ini& contri%&tion liit is /127229onth

/1?2 ann&all(;7

T %se y%r *%n"s, y% m%st +e wrin/.

I) (o& are arried4 (o&r spo&se &st either %e!or"in'4 loo"in' )or !or"4 %e a )&ll-tie st&dent orincapa%le o) sel)-care7

Acco&nt )&nds are &sed )or (o&r:

eli'i%le dependent &nder a'e 307

or )or a spo&se or dependent &na%le to ta"e care o)

hi9hersel)7

-%n"s +ecme a!aila+le as t$ey are "e"%cte" *rm y%r

payc$ec, an" "epsite" int y%r acc%nt.

Yo& and9or (o&r spo&se; don+t need to %e covered %((o&r eplo(ers health plan to participate in aDependent Care FSA7

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Dependent Care FSASoe coon eli'i%le e,penses incl&de:

License" "ay care pr!i"erIn($me pr!i"er >t$is canEt +e y%r c$il" %n"er a/e 1J, rsmene y% claim as a ta "epen"ent?S%mmer camps >nt !erni/$t?T%itin t$r%/$ presc$l;e*re an" a*ter sc$l care >%n"er a/e 1?

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Hiew a cmplete list * cmmn eli/i+leepenses n HeathH&%7co4y%r )ay-le mem+er we+site.

T$is material is *r in*rmatinal p%rpses nly. 'li/i+le epenses an" +eneCts may !ary *rm emplyer t emplyer. Incase * a cnict +etween y%r plan "c%ments an" t$e in*rmatin in t$is material, t$e plan "c%ments will/!ern. )lease re*er t y%r emplyerEs S%mmary )lan Descriptin >FS)DG? *r mre in*rmatin a+%t y%r

c!ere" +eneCts


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FSA Contri%&tions @sin' (o&r )&nds


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Plannin' (o&r FSA contri%&tion% can ONL c$an/e y%r cntri+%tin am%nt i*y% $a!e a c$an/e in stat%s. S%c$ as maritalstat%s, ta "epen"ents, emplyment, etc.

se-it-or-lose-it r&le (( Any *%n"s le*t in y%r -SAat t$e en" * t$e plan will +e *r*eite".

T$e /race peri" allws y% t inc%r epenses %p tove%er 387

T$e r%n %t peri" /i!es y% mre time s%+mitclaims t pay y%rsel* +ac *rm y%r acc%nt. %rlast "ay t s%+mit claims is Dece%er 03.

Speci*c to the Dependent Care FSA:

)ay y%rsel* +ac *r ser!ices alrea"y recei!e".

% can ONL c$an/e y%r cntri+%tin i*@

There is a chan'e in (o&r provider

There is a chan'e in the cost )or a provider

this provider can+t %e a relative;

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ote:T $elp plan y%r cntri+%tinK T$in a+%t t$e eli/i+le epenses y% $a"last year an"r t$is year. T$en, w$at y% epect t$is year.


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sin' (o&r FSA dollarsse the Pa(Fle, CardB4 (o&r acco&nt de%it card

% may %se t$e car" t pay *r eli/i+le health care FSA epenses.

Optinal *r #ealt$care -SA

3J.00 Ann%al -ee >"e"%cte" *rm y%r electin am%nt?

I* y% c%rrently $a!e a )ay-le :ar" an" w%l" lie t cntin%e %sin/ t$e car" "%rin/ t$e %pcmin/

plan year, y% m%st elect t$e car" "%rin/ ann%al enrllment

T$e car" can +e electe" at anytime "%rin/ t$e plan year

Pa( (o&rsel) %ac" )ro (o&r acco&nt

)ay *r an eli/i+le epenses wit$ cas$, c$ec r a persnal cre"it car", y% can pay y%rsel* +ac.

S&%it a clai online7

se the Pa(Fle, Mo%ile app7

Fill o&t a paper clai )or and )a, or ail it to Pa(Fle,7

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&ic" tips: Dwnla"print a claim *rm y%r acc%nt we+site.

An 'planatin * ;eneCts >'O;? r a "etaile" receiptm%st +e sent wit$ y%r claim.

'nrll in direct deposit4 *r %ic reim+%rsements

Mana/e y%r acc%nts an" transactins nline.

Or"er car"s *r y% sp%se r "epen"ent at n cst.

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It+s eas( to 'etstarted


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It+s eas( to 'et started.

Estiatet$e am%nt y%Ell spen"

n %t(*(pcet $ealt$ care an"r"epen"ent care epenses "%rin/ t$e

plan year.

=e!iew epenses *rm prir plan year.

Use t$e plannin/ tls a!aila+le at

HealthH&%7co.

Decide$w m%c$ y% wis$ t setasi"e in y%r $ealt$ care an"r"epen"ent care -SA.

Di!i"e y%r ann%al cntri+%tin +y t$e

n%m+er * pay peri"s in y%r plan year.

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2014 MIDAS SOLUTION,Inc. 14

Pa(Fle, Mo%ileMana'e (o&r acco&nt 6195 !ith the

)ree Pa(Fle, Mo%ile Application

A!aila+le *r i)$ne& an" i)a"& m+ile "i/ital"e!ices, as well as An"ri" an" ;lac;erry&smartp$nes.

The Pa(Fle, Mo%ile app lets (o&:

Mana/e y%r acc%nt *%n"sHiew y%r acc%nt +alance

S%+mit a claim an" !iew claims prcesse"

Hiew )ay-le :ar"& p%rc$ases an" s%+mit"c%mentatin

Hiew a list * cmmn eli/i+le epenses items

Use same %sername an" passwr" as t$e)ay-le mem+er prtal

T$e i)$ne an" i)a" are tra"emars * Apple Inc., re/istere" in t$e U.S. an" t$er c%ntries. ;lac;erry an" relate"tra"emars, names an" l/s are t$e prperty * =esearc$ In Mtin Limite" an" are re/istere" an"r %se" int$e U.S. an" c%ntries ar%n" t$e wrl". Use" %n"er license *rm =esearc$ In Mtin Limite". An"ri" is atra"emar * /le Inc. Stan"ar" tet messa/in/ an" t$er rates *rm y%r wireless carrier still apply.


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2014 MIDAS SOLUTION,Inc 15

#e+re here to help.

Hisit HealthH&%7co

r call %sat 3-?22-6?1-1??8.=epresentati!es are a!aila+le Mn"ay -ri"ay, 6 a.m. 6

p.m. :T an" Sat%r"ay, J a.m. 2 p.m. :T.

T$is material is *r in*rmatinal p%rpses nly. T$e in*rmatin "escri+es t$e -lei+le Spen"in/ Acc%nt >F-SAG? in /eneral terms. -SA plans are/!erne" +y t$e r%les * Sectin 125 * t$e Internal =e!en%e :"e an" will +e a"ministere" in accr"ance wit$ t$se r%les. 'stimate*%n" am%nts care*%lly. Un%se" *%n"s may +e *r*eite". 'li/i+le epenses may !ary *rm emplyer t emplyer. In case * a cnict+etween y%r plan "c%ments an" t$e in*rmatin in t$is material, t$e plan "c%ments will /!ern. )lease re*er t y%r emplyerEsS%mmary )lan Descriptin >FS)DG? *r mre in*rmatin a+%t y%r c!ere" +eneCts.

T$e i)$ne an" i)a" are tra"emars * Apple Inc., re/istere" in t$e U.S. an" t$er c%ntries. ;lac;erry an" relate" tra"emars, names an" l/sare t$e prperty * =esearc$ In Mtin Limite" an" are re/istere" an"r %se" in t$e U.S. an" c%ntries ar%n" t$e wrl". Use"%n"er license *rm =esearc$ In Mtin Limite". An"ri" is a tra"emar * /le Inc.

T$is material is *r in*rmatinal p%rpses nly. Master:ar"& is a re/istere" tra"emar * Master:ar" Internatinal Incrprate". In*rmatin is

+elie!e" t +e acc%rate as * t$e pr"%ctin "ateP $we!er, it is s%+

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