Spending Accounts
The Health Care and Dependent Care flexible spending accounts (FSAs) are a great way to save money on taxes. Pre-tax money is deposited monthly from your flex credits and/or wages into a spending account. Deposits to these accounts avoid all Federal, State, Local and Social Security/Medicare taxes. When you incur qualified expenses, you file for reimbursement from the account. Once you are reimbursed, you have paid your expenses with tax-free money.
To determine if and how much you could save by participating in a flexible spending account, please visit the Principal® web site.
You can enroll when you are hired and become benefits-eligible, during an annual benefits open enrollment period, or if you have a qualifying event during the year.
Index
General Information
Enrollment and/or Making a Change to Your Spending Account
Accessing Account Balance and Payment Information Online
Forms (Benefits Forms Web Site)