Office of Human Resources - Benefits Design & Management

Flexible Spending Accounts (FSA)

REMINDER: March 31, 2008 is the deadline for submitting 2007 claims.

 

Using a flexible spending account, you can pay for healthcare and/or dependent (day) care expenses with pre-tax money withheld from your paycheck. These accounts are administered by a third party administrator, ASI, Inc.

Healthcare Spending
This account offers reimbursement for certain healthcare, prescription drug, and over-the-counter drug expenses not reimbursed by your insurance. You must indicate the amount you want to contribute for the plan year when you enroll. The maximum yearly contribution is $5000. You will be eligible to receive reimbursement for expenses incurred after coverage begins.

List of Eligible/Non-Eligible Expenses


Dependent Care Spending
This account offers reimbursement for certain dependent care expenses incurred while you are at work. If you are married, both you and your spouse must work or your spouse must be a full-time student. Your child must be under 13 years of age and you must claim him/her as a dependent on your income tax return.

If your dependent is not a child, he/she must be physically or mentally unable to take care of him/herself. You must indicate the amount you want to contribute for the plan year when you enroll. You may contribute up to $5000/year per family. You will receive reimbursement for expenses incurred after your coverage begins.

Examples of reimbursable expenses include:

  • Adult day care;
  • Day care or summer day camp;
  • Day care provided in your home; and
  • Before or after school care.