IMPORTANT DATES |
March 31, 2009 |
QUESTIONS?CALL HR |
A Flexible Spending Account can help you increase your take-home pay. You pay out-of-pocket, unreimbursed health care expenses (up to $5,000) and/or dependent (adult and child day) care expenses (up to $5,000) on a pre-tax basis each calendar year.
There are two types of FSAs:
Participation in an FSA requires re-enrollment every November for the following calendar year claims.
IMPORTANT: New Hires or newly benefits-eligible faculty and staff may enroll within 31 days of becoming eligible for claims incurred during the remainder of that calendar year.
Separate enrollments are required for each calendar year. Newly-eligible faculty and staff may enroll within 31 days for the current calendar year claims and re-enroll in November for claims incurred the following calendar year.