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PayFlex-Better than ever Pay Fewer Taxes and Reduce Your Medical and Daycare Costs... with PayFlex No more monthly fee

Got PayFlex, Pass it on!. . . Already participating, great! Tell a colleague or co-worker!Not in PayFlex? Take a look at it this year!. How can you LOWER YOUR TAXES? . Enroll in PayFlex, set aside a portion of your pay in a PayFlex account BEFORE taxes are withheld. Use this money to pay for

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PayFlex-Better than ever Pay Fewer Taxes and Reduce Your Medical and Daycare Costs... with PayFlex No more monthly fee

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    1. PayFlex-Better than ever! Pay Fewer Taxes and Reduce Your Medical and Daycare Costs... with PayFlex! No more monthly fees! PayFlex Debit Card Option!

    2. Got PayFlex, Pass it on!

    3. How can you LOWER YOUR TAXES? Enroll in PayFlex, set aside a portion of your pay in a PayFlex account BEFORE taxes are withheld. Use this money to pay for out-of-pocket health care and day care expenses for yourself and eligible family members.

    4. TEXAS A&M PAYFLEX Two Types of Accounts The Healthcare Reimbursement Account; for IRS eligible medical, dental, eye care and hearing care expenses The Daycare Expense Reimbursement Account. For child care or adult daycare

    5. Eligible Health Care Expense Examples Medical/Prescription Drug/Dental/Vision Plan Co-payments, Deductibles & Coinsurance Birth Control Pills Chiropractic Care Contact Lenses and Lens Solution Infertility Treatment Laser Eye Surgery Over-the-Counter Items Orthodontia Prescription Drugs Eyeglasses and Eye Exams Acupuncture Hearing Testing, Hearing Aids and Hearing Aid Batteries

    6. Eligible Daycare Expense Examples Care of a dependent under age 13; Care of a dependent who is physically or mentally incapable of caring for himself or herself; Custodial or Elderly Care Dependent Daycare Summer Camp, excluding overnight camps. After / Before School Care Sick Child Facility Au Pair Services Montessori School Nanny, including FICA and FUTA

    7. A&M FLEX What does this mean for you? $$$$$$$$$$ and Tax Advantage As you incur eligible health care expenses and/or dependent day care expenses throughout the plan year, you submit a claim, and you will be reimbursed with tax-free dollars from your PayFlex account!

    8. Annual Limits The Health Care Expense Reimbursement Account: $20 monthly minimum, $4,800 annual maximum The Day Care Reimbursement Account. ($2,500 if married and filing separate returns) $40 monthly minimum, $5,000 annual maximum Contribute $$ you know absolutely, positively you and eligible tax dependents will spend during the plan year!

    9. New For 2008/2009 Plan Yr! No more monthly account fees! Texas A&M System will waive fees for all participants! PayFlex Debit MasterCard option available! ($9 annual fee) Unlimited use of the card! Eligible dependents can each have their own card at no add’l fee!

    10. The PayFlex Card

    11. WHAT IS IT? The PayFlex Card is a debit MasterCard card” that accesses your PayFlex spending account to pay for IRS-QUALIFIED medical and/or dependent day care expenses. #1 Advantage of the card: CASH FLOW-Use the card to pay for eligible out-of-pocket health care or daycare expenses INSTEAD OF DOLLARS OUT OF YOUR OWN POCKET! Use at qualified merchants only Please save your documentation for one year! PayFlex may request documentation based on IRS guidelines.

    12. HOW CAN I SIGN UP? First, plan, plan, plan! Are you or an eligible dependent thinking about LASIK-dentures-crowns-orthodontia? Use the Savings Calculator at www.mypayflex.com to estimate “known” expenses for the upcoming plan year; Currently enrolled? You will need to reenroll during open enrollment & elect the card option if desired.

    13. How can I get money back from my accounts? Use the PayFlex Card for direct, immediate access to your Health Care Expense Reimbursement Account; or Complete a PayFlex claim form and submit it to PayFlex Systems, Inc. (administrator) via fax or mail; or Use PayFlex Express claims at www.mypayflex.com

    14. Three Important Facts!!!! Carefully consider your prior year's expenses to estimate your elections for the 2008/2009 plan year. At the end of each 12 month plan year, you have an additional 2 ˝ months, until November 15th, to incur eligible Health Care and/or Daycare Expenses. In other words, we will give you a grace period to incur more claims and use up any balance remaining on August 30th! If you use the Flex Convenience Card, save your receipts; PayFlex may ask you to submit them for particular expenses per IRS guidelines. You have until the December 31st claims filing deadline following each plan year to submit all claims!

    15. How can I learn more about PayFlex? Go to mypayflex.com A&M System Office of Employee Benefits Contact your institution Benefits Office Watch for more information coming your way Contact PayFlex Systems, Inc. Toll Free at: (800) 284-4885

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