Explanation of the Flexible Spending Account Statement

Acount Summary (YTD):

Accruals = Amount to date that was reduced from paycheck
Less Claims Paid = Amount paid to date to the participant for claims submitted
Current Balance = Difference between the two amounts above

Accruals History:

Sub-total Accruals = Amount reduced from paycheck to date
Accrual Amount/Pay Pd = Amount reduced per pay period
Year-to-date Totals = Total amount reduced to date for the plan year

Totals Year-to-date:

Claims Submitted = Total of claims submitted to date
Less Claims Paid = Total of claims paid to date
Pending Claims Amount = Amount of claims pending to date

Flexible Spending Account:

Annual Reimbursement Limit = Amount that will be contributed by plan year end
Less Claims Paid/Pended = Amount paid to participant to date
Reimbursement Remaining = Balance remaining in account to date to be used by plan year end

If you have any questions about your statement, you are welcome to contact us.