Out technology upgrade is complete! We apologize for any technical difficulties you experienced while the enhancement to our system were made. If you have questions, please call AIM at 502/426-1235. If you have submitted a claim via e-mail, feel free to call and confirm that we received it.
On October 25, 2016, the IRS released Rev. Proc 2016-55 announcing the 2017 FSA limits. The new Medical FSA limit is $2600, an increase of $50. The Dependent Care limit remains at $5000 per year. Parking and Transit Plans remain at $255 per month each.
If you have questions, please contact us here at AIM.
After January 1, 2011, a doctor’s prescription will be necessary in order to receive reimbursement for OTC medications. Because of these changes, it has become necessary to manually process claims for OTC medications. Participants can fill out a claim form and remit them with a copy of the receipt and doctor’s prescription to AIM.
Do you have to go to the doctor every time you need a bottle of aspirin? Not necessarily. Different doctors’ offices are handling this matter in different ways. Contact your physician’s office to see how they would like to work with you on this. Several participants have already told us that they listed all their favorite OTC medications and asked their doctor to ‘authorize their purchase’ for this year with a signature. You can include a copy of this letter with your claim.
We will post additional updates and communicate through the Human Resources office of your company if the OTC rules change. As always, if you have any questions or concerns, please contact your Benefits Administrator at 502/426-1235.
Here are the 2016 maximum contributions Plan Years that start January 1, 2016 (or after that date.) Companies still have the option of establishing a lower amount for a maximum. Your company may not have opted for all of these categories.
Medical FSA – $2550
Dependent Care – $5000
Parking – $3060
Transportation – $1560
If you have questions, please feel free to contact us here at AIM – 502/426-1235.