If you know you’re going to have medical, prescription drug (and some OTC medication), dental and vision expenses, you can pay for them with a Health Care FSA (HCFSA) and avoid paying federal income tax on the expense.
For employee’s not enrolled in Aetna’s Savings Advantage medical plan, McClatchy offers an HCFSA.
How can you lower your taxable income this year with your FSA?
Contributions to your FSAs are tax-deductible, and the funds are tax-free when used for qualified expenses. For example, if you contribute $2,000 annually to your FSA and your base salary is $60,000- you will only be taxed on $58,000 of gross income (note, this example is only considering the FSA component of taxes).
Forms
- FSA Claims
- Use this form to submit expenses for reimbursement.
- Direct Deposit Enrollment
- Use this form to enroll in direct deposit for FSA reimbursements.
Contacts
- Inspira Information Line: 888-678-8242
- Account balance
- Eligible expenses questions
- Claim status and inquiries
- Inspira Member Website
- Savings Calculator
- Eligible Expense Search
- Claim status and inquiries
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