PayFlexBetter then ever

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TEXAS AM SYSTEM

• PayFlex-Better then ever!
• Pay Fewer Taxes and Reduce Your Medical and
  Daycare Costs... with PayFlex!
• No more monthly fees!
• PayFlex Debit Card Option!

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Got PayFlex, Pass it on!

Already participating, great! Tell a colleague or
co-worker! Not in PayFlex? Take a look at it this
year!
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How can you LOWER YOUR TAXES?

• Enroll in PayFlex, set aside a portion of your
  pay in a PayFlex account BEFORE taxes are
  withheld. Use this money to pay for
  out-of-pocket health care and day care expenses
  for yourself and eligible family members.

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TEXAS AM PAYFLEX

• Two Types of Accounts
• The Healthcare Reimbursement Account for IRS
  eligible medical, dental, eye care and hearing
  care expenses
• The Daycare Expense Reimbursement Account. For
  child care or adult daycare

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Eligible Health Care Expense Examples

• Prescription Drugs
• Eyeglasses and Eye Exams
• Acupuncture
• Hearing Testing, Hearing Aids and Hearing Aid
  Batteries

• Medical/Prescription Drug/Dental/Vision Plan
  Co-payments, Deductibles
• Coinsurance
• Birth Control Pills
• Chiropractic Care
• Contact Lenses and Lens Solution
• Infertility Treatment
• Laser Eye Surgery
• Over-the-Counter Items
• Orthodontia

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Eligible Daycare Expense Examples

• Care of a dependent under age 13
• Care of a dependent who is physically or mentally
  incapable of caring for himself or herself
• Custodial or Elderly Care
• Dependent Daycare
• Summer Camp, excluding overnight camps.
• After / Before School Care
• Sick Child Facility
• Au Pair Services
• Montessori School
• Nanny, including FICA and FUTA

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AM FLEX

• What does this mean for you?
• and
• Tax Advantage
• As you incur eligible health care expenses and/or
  dependent day care expenses throughout the plan
  year, you submit a claim, and you will be
  reimbursed with tax-free dollars from your
  PayFlex account!

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Annual Limits

• The Health Care Expense Reimbursement
• Account 20 monthly minimum, 4,800 annual
• maximum
• The Day Care Reimbursement Account. (2,500
  if married and filing separate returns) 40
  monthly minimum, 5,000 annual maximum
• Contribute you know absolutely, positively
  you and eligible tax dependents will spend
  during the plan year!

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New For 2008/2009 Plan Yr!

• No more monthly account fees! Texas AM System
  will waive fees for all participants!
• PayFlex Debit MasterCard option available! (9
  annual fee) Unlimited use of the card! Eligible
  dependents can each have their own card at no
  addl fee!

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The PayFlex Card
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WHAT IS IT?

• The PayFlex Card is a debit MasterCard card
• that accesses your PayFlex spending account
• to pay for IRS-QUALIFIED medical and/or
• dependent day care expenses.
• 1 Advantage of the card CASH FLOW-Use the card
  to pay for eligible out-of-pocket health care or
  daycare expenses INSTEAD OF DOLLARS OUT OF YOUR
  OWN POCKET!
• Use at qualified merchants only
• Please save your documentation for one year!
  PayFlex may request documentation based on IRS
  guidelines.

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HOW CAN I SIGN UP?

• First, plan, plan, plan! Are you or an eligible
  dependent thinking about LASIK-dentures-crowns-ort
  hodontia?
• Use the Savings Calculator at www.mypayflex.com
  to estimate known expenses for the upcoming
  plan year Currently enrolled?
• You will need to reenroll during open enrollment
  elect the card option if desired.

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How can I get money back from my accounts?

• Use the PayFlex Card for direct, immediate access
  to your Health Care Expense Reimbursement
  Account or
• Complete a PayFlex claim form and submit it to
  PayFlex Systems, Inc. (administrator) via fax or
  mail or
• Use PayFlex Express claims at www.mypayflex.com

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Four Important Facts!!!!

• Carefully consider your prior year's expenses to
  estimate your elections for the 2008/2009 plan
  year.
• At the end of each 12 month plan year, you have
  an additional 2 ½ months, until November 15th, to
  incur eligible Health Care and/or Daycare
  Expenses. In other words, we will give you a
  grace period to incur more claims and use up any
  balance remaining on August 30th!
• If you use the Flex Convenience Card, save your
  receipts PayFlex may ask you to submit them for
  particular expenses per IRS guidelines.
• You have until the December 31st claims filing
  deadline following each plan year to submit all
  claims!

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How can I learn more about PayFlex?

• Go to mypayflex.com
• AM System Office of Employee Benefits
• Contact your institution Benefits Office
• Contact PayFlex Systems, Inc. Toll Free at
• [phone]