ACD 610: Flexible Spending Accounts
To provide eligible staff the opportunity to participate in a dependent care and/or medical care tax-savings program through payroll reduction
Internal Revenue Code § 125
Arizona Board of Regents Policy Manual - 6–604
Faculty and academic professionals who are employed to work 20 hours per week (50 percent FTE) or more for a continuous period of six or more months
Eligible faculty or academic professionals who meet the requirements can participate in the Dependent Care and/or the Medical Expense section of the Flexible Spending Account program through payroll reduction, by enrolling during the annual open enrollment period.
The faculty or academic professional contacts Human Resources and completes a payroll reduction form. Human Resources checks for eligibility, and, if the staff member is eligible, processes the form.