Benefits At a Glance

The Langdale Company offers employees two Flexible Spending Accounts. The Medical FSA Account and the Dependent Child Care Account provide a way to pay for certain unreimbursed health care and dependent child care expenses with tax-free dollars. You save money because these contributions are made before taxes are deducted. These pre-tax dollars are then used to pay for eligible expenses.

For the 2024 plan year, Medical FSA Maximum is $3,050. Rollover from 2023 to 2024 is $610.  Minimum Rollover Only account balance is $50.

Dependent daycare maximum is $5,000 for working married couples filing joint taxes, $2500 if filing separate returns.

REMINDER

Elections must be re-enrolled each year to continue to participate. Participants should keep your Flex MasterCard™ because the card will be reloaded for the following Plan Year elections.

Plan Updates

Over the Counter Medications are now FSA eligible, including Menstrual Products, without a prescription!  You will be required to submit a reimbursement receipt if using your FSA Debit Card at a Pharmacy or Grocery Store for these products!

Eligible & Ineligible Expenses

View examples of eligible and ineligible expenses for Medical Costs.

Receipts

Even if you use your BankCard to pay an expense, YOU ARE REQUIRED BY IRS TO MAINTAIN AND SAVE YOUR RECEIPTS AND DOCUMENTATION OF EACH EXPENSE. (Receipts or documentation must include the name of the provider; the name of the person for which the expense was incurred; the nature of the expense, to verify its necessity; the date the expense was incurred; and the amount of the expense not eligible to be paid by insurance).Certain expenses equal to medical or dental co-pays will be automatically adjudicated without receipts. After you have used your card, MedCom will contact you to provide receipts if necessary. Save your receipts and be ready to present them when asked.

Claims

MedCom now has a Mobile App 

You are able to utilize the website www.drugstore.com for purchases of over the counter medications at a discount when you utilize your MedCom Card. You will be required to save your receipts for the qualified purchases on this site for items marked as “FSA Eligible”.

Debit Mastercard Convenience

For your convenience, you are issued a Flex MasterCard™ to use for most expenses in lieu of filing claims. The MedCom card eliminates the need for you to pay up front for qualified expenses and then wait for reimbursement from your Flexible Spending Accounts. Plus, you will be able to access your accounts on-line to check your balances and view a history of your personal transactions at www.medcombenefits.com . (Registration Code is MCOLANDAL)MedCom’s customer service number is 800-523-7542.

New participants will receive a MedCom MasterCard. If you are currently enrolled you WILL NOT receive a new card. Your existing card will be reloaded with your new elections. Replacement cards and additional cards for spouse and/or adult children can be issued for a cost of $7.50, which will be deducted from your FSA account. Click Here  for a replacement or an additional Card Request Form.

Note: Per IRS regulations, the MedCom card can only be used at merchants and vendors that have implemented an inventory information approval system (bar coding technology). Click Here for More Information.

Please note that you must use your MedCom Card as “CREDIT” not debit when purchasing qualifying expenses.

Recurring Expenses

If you have a regular recurring expense in the same amount, you can have this amount and charge approved automatically without having to provide a receipt to substantiate the charge each time it is incurred. A Recurring Reimbursement Form must be completed and submitted to MedCom with one of your receipts.

Eligible expenses must have been incurred during the plan year and claims must be filed within 90 days after the end of the plan year.

Claims – Manual

Claim forms can be faxed to MedCom at 1-877-723-0149 or mailed to MedCom Flex Dept., P.O. Box 10269, Jacksonville, FL, 32247-0269. Click here for Claim Form.

Plan Rules and Guidelines

Click here for more detailed information on Health Care FSA accounts

Click Here for more detailed information on Dependent Care (Childcare) FSA accounts

Click Here for Difference between Tax Credits and Dependent Care FSA’s

Click Here for a Q & A about Flexible Spending Accounts

How it Works

  •  Medical Care Flexible Spending Accounts and Dependent Child Care Accounts are completely separate. You can not use money set aside in your Medical Care account for Child Care expenses and vice versa.
  • You enroll in one or both of the FSA plans during annual Open Enrollment
  • Deductions are made on a “pre-tax” basis from each paycheck in the amounts you elect to set aside.
  • You incur an eligible expense
  • You pay the qualified provider with your Debit Card
  • Works just like a regular bank debit card, only the “bank account” consists of funds you have set aside in your FSA accounts.
  • If your Childcare Provider accepts MasterCard, you can pay incurred childcare expenses with your card.
  • If an eligible provider does not accept MasterCard then you simply file a paper claim for reimbursement
  • You can access your accounts on-line to view your account transactions