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Flexible Spending Accounts (FSAs)

| Healthcare | Dependent Care | Transportation and Parking |

Dependent Care Flex Spending Account

You may reduce your salary by an amount ranging from $300 to $5000 per year and apply that amount instead, on a pretax basis, to a dependent care spending account in your name. You may then use those dollars to cover the cost of qualifying childcare, eldercare, or care of other legal dependents. You may enroll at the time of hire or during the annual Benefits Open Enrollment period. Under the law, if both parents work for Georgia State, the combined maximum for both individuals cannot exceed $5000. ADP administers Dependent Care Flex claims.

Note: Setting up a Dependent Care FSA can save you substantial tax dollars on predictable dependent care costs. However, be careful how you plan and use this benefit. Any unspent funds left in the account after the end of the plan year must be forfeited.

Dependent Care Flex Spending Account FAQ'S:

Q: What is the effective date of my flexible spending account?
A: Your flexible spending account is effective the first of the month following your submission of the enrollment form.

Q: Can I submit a claim for expenses prior to my effective date?
A: No, only expenses incurred the month of your effective date and following are eligible.

Q: How often are claims processed?
A: Claims are processed within 24 hours of receipt. A check will be mailed to your home address, or a direct deposit made to your bank within 72 hours.

Q: Where do I go to review my account information?
A: Use www.flexdirect.adp.com to access your account online.

Q: Is open enrollment the only time I can enroll?
A: Under IRS regulations, you may not change your election except in the case of a change in status or cost and coverage change. Changes in status are acceptable for marital status; number of dependents, employment status, and dependent satisfies or ceases to satisfy the eligibility requirement, and residence change. Changes based on cost or coverage changes apply to Dependent Care accounts only. If the provider changes the cost of the care, so long as the provider is not your relative; if you change providers and the new provider charges more (or less) for care; if you begin or stop sending your dependent to day care.

Q: How do I go about making a mid-year change if I qualify?
A: You must notify the Benefits office within 30 days of the event permitting the election change.

Q: When is an expense considered incurred?
A: The IRS rules consider an expense incurred when service is actually received, not when you are billed or pay for the service.

Q: When is the deadline for submitting receipts against my account?
A: You have 90 days following the plan year to submit claims that you incurred during the previous plan year.

| Healthcare | Dependent Care | Transportation and Parking |