Welcome to the Weyerhaeuser Flexible Spending Account (FSA) Benefits website. Your Weyerhaeuser-sponsored FSAs are an easy and convenient way for you and your family to save BIG on out-of-pocket health and dependent care expenses. The accounts are administered by WageWorks.
Here, you'll find everything you need, from a plan overview and introductory video, to tools like savings and contributions calculators.
Remember: You can only enroll in an FSA during Weyerhaeuser’s benefits open enrollment - October 12, 2013 through December 18, 2013.
Your HC and DC FSA Overview
Use your FSA to save up to 40% on the things you buy every day
We all pay taxes. We all buy things like prescriptions, glasses or contacts - not to mention copays, child care, and braces. And we all like to save money.
A flexible spending account (FSA) lets you save on health and dependent care expenses using pretax dollars. You can spend it any way you like, on a wide range of needs for yourself and your family. And because an FSA administered by WageWorks is so easy to use, there's no hassle, less waiting - and no reason to miss out on enrollment.
*Important: according to the Affordable Care Act that was passed in early 2010 as part of the Healthcare Reform, IRS rules effective January 1, 2011 now require a doctor’s prescription for the reimbursement of Over-the-counter (OTC) drugs and medicines from a Health Care Flexible Spending Account or a Health Savings Account.
Enrolling in an HSA?
Remember, if you are eligible for and open the Health Savings Account (HSA) for 2014 and want to enroll in the Special Purpose FSA, the list of eligible expenses is limited until you meet your Medical Plus Plan deductible. It includes nearly all of your dental and vision care, orthodontia, glasses and even laser surgery for vision correction but other expenses such as prescription drug expenses, over the counter items*, and lab and x-ray expenses are not allowed until you meet your Medical Plus Plan deductible. Once the Medical Plus Plan deductible is met, you can use your Special Purpose FSA for the full range of eligible health care expenses.
Not Eligible for or choose not to open an HSA?
If you are not eligible for or choose not to open a Health Savings Account (HSA), you are eligible to enroll in the Health Care FSA. The Health Care FSA helps to reduce your taxable income while saving for anticipated out-of-pocket expenses. It's your money. The program just helps you save it from taxes, so you can spend it on health care for you and your family. It's covered! You probably know you can cover your copays, deductibles, dental and vision care, and prescriptions with your health care FSA. But did you know it's good for hundreds of items* such as bandages and contact lenses solution?
* According to the Affordable Care Act that was passed in early 2010 as part of the Healthcare Reform, IRS rules effective January 1, 2011 require a doctor’s prescription for the reimbursement of Over-the-counter (OTC) drugs and medicines from a Health Savings Account.
When you enroll in an FSA, you set aside some of your pay before taxes to use on eligible expenses. The more you put in, the more you save on your tax bill - up to thousands of dollars.
Your FSA works by setting aside a portion of each paycheck before taxes are deducted. When you enroll, you decide just how much to contribute, based on what you estimate you'll need. It's easy with the online calculators and the sample saving scenarios. You see your savings in the form of reduced tax withholding.
You can spend the funds in your FSA whenever you choose during the plan year on a wide range of health and dependent care needs. Schedule automatic payments to your providers for regular needs like child care using Pay My Provider to make direct payments online. Use Pay Me Back to send in traditional claims for quick reimbursement. Or for Premera Blue Cross members, with the Health Care FSA and the Special Purpose FSA (after you meet your Medical Plus Plan deductible) most eligible out-of-pocket medical and prescription drug expenses will be automatically submitted by Premera to WageWorks for processing.
Remember, use it or lose it, if you do not use all the funds in your account each year the balance must be forfeited, as required by law.
Choose what works best for you
You can enroll in one or both FSA accounts:
Your participation in an FSA program is always voluntary - but you must enroll each year during open enrollment to take advantage of all it has to offer.
Your Benefits. Your Money.
Your Health Care FSA
At the beginning of each plan year, your employer deposits into your account the total amount you chose to contribute to your Health Care FSA or Special Purpose FSA. You then pay your account back throughout the plan year from your pretax contribution taken from each paycheck. Once the money is deposited into your account, it is immediately yours to spend whenever you choose during the plan year, on a wide range of health care needs like those listed in the eligibility list.
Streamlined claims. For Premera Blue Cross members, most eligible out-of-pocket medical and prescription drug expenses will be automatically submitted by Premera to WageWorks for processing. (You may opt out of streamlining by logging into your account at www.wageworks.com and following the directions, or by calling WageWorks Customer Service at 1-877-WageWorks (877.924.3967).
Claims will not be automatically submitted to WageWorks for reimbursement in certain circumstances. For example:
If your eligible claim was not automatically submitted to WageWorks for reimbursement, you will need to complete the Health Care Flexible Spending Account Claim Form (pdf) or the Dependent Care Flexible Spending Account Claim Form (pdf), attach the appropriate documentation and either mail or fax to WageWorks.
Your Dependent Care FSA
Unlike a health care FSA, your Dependent Care FSA is funded incrementally during the plan year from the amount you contribute pretax from each paycheck. Even if your account is not sufficiently funded, you can still submit claims for dependent care whenever you choose throughout the plan year. Reimbursements are paid based on your balance at the time the claim is approved. You can also reduce out of pocket spending by using Pay My Provider to schedule payments directly to your caregivers, for services such as those listed in the Dependent Care Eligibility List.
Tax savings: See for yourself
How much you save depends on how much you spend on health and dependent care, and on your tax situation. For every $100 of eligible expenses, most people will save from $30 to $40 in taxes. Click here to calculate your own savings or here for some real-world examples on how you can save.
Pay for hundreds of expenses — tax-free!
You can use your FSAs to save on hundreds of products and services for you and your family. Eligible expenses are defined by the IRS and your employer.
Typically, your Special Purpose FSA covers:
Only eligible out-of-pocket vision and dental expenses are covered with the Special Purpose FSA until your Medical Plus Plan deductible is met. After the MPP deductible is met, all the eligible expenses are covered.
Your Dependent Care FSA covers these types of expenses