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The Spending Accounts
Update: Your Guide to Benefits at JPMorgan Chase
This document is your summary plan description of the JPMorgan Chase Spending Accounts. The U.S. Department of Labor requires JPMorgan Chase to routinely provide benefits plan summaries to plan participants. Please retain this information for your records.
This document does not include all of the details contained in the applicable insurance contracts, plan documents, and trust agreements. If there is a discrepancy between the official plan documents and this summary, the official plan documents will govern.
Be sure to read the "About This Guide" section and the "Plan Administration" section for more important details about the plan and this description, and for references to the official plan documents that contain the full specifics about the plan.
The Spending Accounts can be a valuable benefit to you because they allow you to pay for eligible health care, child/elder care, and commutation and/or parking expenses through payroll deductions on a before-tax basis. This means that the money you set aside in the accounts to pay for these expenses comes out of your pay before federal (and most state and local) income, Social Security, and Medicare taxes are calculated. In addition, if your commuter/parking costs exceed the legal before-tax monthly limits under the Transportation Spending Accounts, those costs can also be deducted through payroll deductions on an after-tax basis.
The Spending Account options are:
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Health Care Spending Account — for your eligible out-of-pocket health care expenses;
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Child/Elder Care Spending Account — for eligible child or elder care expenses that let you (and your spouse, if you're married) work, or let your spouse attend school full-time; and
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Transportation Spending Accounts — for eligible commuting and parking expenses to and from work at JPMorgan Chase.
In certain cases, you need to plan your contributions carefully:
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With the Health Care Spending Account, you may risk losing the remaining account balance if you don't use it for eligible expenses incurred during the plan year (January 1 – December 31) or by the end of the grace period (March 15 of the following year).
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With the Child/Elder Care Spending Account, you may risk losing the remaining account balance if you don't use it for eligible expenses incurred during the plan year (January 1 - December 31).
You must submit eligible Health Care and Child/Elder Care claims before the filing deadline — April 30 following the end of the plan year. In addition, by law, you can't use money from one account to cover expenses from the other.
This section will provide you with a better understanding of how the Spending Accounts work, including how and when expenses are paid.
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Questions?
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To Access the Spending Accounts Web Centers:
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Health Care or Child/Elder Care Spending Account
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Contact the Benefits Call Center through accessHR:
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1-877-JPMChase (1-877-576-2427)
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Quick Path: Enter your Standard ID or Social Security number; press 1, enter your PIN; press 1.
If calling from outside the United States:
Service Representatives are available from 8 a.m. to 8 p.m. Eastern Time, Monday through Friday except certain U.S. holidays.
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From Work: Go to Company Home > My Rewards @ Work
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Transportation Spending Accounts
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Contact the Transportation Spending Accounts Call Centers:
Service Representatives are available from 8 a.m. to 8 p.m. Eastern Time, Monday through Friday, except certain U.S. holidays.
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From Work: Go to Company Home > My Rewards @ Work >
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The JPMorgan Chase U.S. Benefits Program is available to most full-time and part-time U.S. dollar-paid salaried employees who are regularly scheduled to work 20 hours or more a week and who are employed by JPMorgan Chase & Co. or one of its subsidiaries to the extent that such subsidiary has adopted the JPMorgan Chase U.S. Benefits Program. This information does not include all of the details contained in the applicable insurance contracts, plan documents, and trust agreements. If there is any discrepancy between this information and the governing documents, the governing documents will control. JPMorgan Chase & Co. expressly reserves the right to amend, modify, reduce, change, or terminate its benefits and plans at any time. The JPMorgan Chase U.S. Benefits Program does not create a contract or guarantee of employment between JPMorgan Chase and any individual. JPMorgan Chase or you may terminate the employment relationship at any time.
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