Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)

最快开奖直播搅珠结果 offers two Flexible Spending Accounts (FSAs) administered by Health Equity/WageWorks. With Flexible Spending Accounts (FSAs), you can put aside a听portion of your pay, before taxes, to reimburse yourself on a pre-tax basis for听health care听and/or dependent/elder day care expenses. If you enroll in a medical plan with a听Health Savings Account, you听cannot听elect a听Healthcare听FSA.听鈥

Health Care FSA

You can contribute pre-tax money to a听Healthcare听FSA (unless听you鈥檙e听enrolled in the Open Access Plus HSA Plan) to pay for eligible听health care听expenses,听such as your medical and dental plan deductibles, copays, and coinsurance.鈥

  • You may use your FSA money on yourself or your federally eligible dependents, regardless if you or they are participating in any other University benefit plan.
  • Important deadline: There is a 鈥渦se it or lose it鈥 rule, funds must be used during the applicable plan year timeframe or they are forfeited.
  • Under government regulations, unused dollars after the deadlines will be forfeited.
  • Once an FSA election has been made it cannot be changed. The employee is committed to that decision for the plan year. The only exception is when the employee has a qualifying Change in Status.

For a list of eligible expenses, please visit

Dependent Care FSA

You can contribute pre-tax money to pay for qualified dependent day care expenses, such as preschool, before- or after-school programs, or child/elder听care for eligible dependents, that allow you and your spouse to work or that allow you to work and your spouse to attend school full time.听

  • Pay for dependent care expenses for child(ren) under age 13 or an elderly dependent so that you (and your spouse, if you are married) can work, look for work or go to school full time.
  • Important deadline: There is a 鈥渦se it or lose it鈥 rule, therefore funds not used during the current tax year through December 31st are forfeited.
  • Under government regulations, unused dollars after the deadlines will be forfeited

Dependent care expenses are eligible for reimbursement if they meet the following criteria:

  • The annual amount submitted for reimbursement does not exceed the lesser of your income or your spouse鈥檚 income
  • The expenses are necessary to enable you to work
  • Your dependent is under age 13 or is physically or mentally incapable of caring for him/herself
  • Your dependent is eligible to be claimed as a dependent on your Federal Income Tax Return
  • Your dependent resides in your home for at least eight(8) hours per day
  • Your payments are not made to a person you claim as a dependent
  • If the services are provided by a dependent care center that provides care for more than six individuals (other than a resident of the facility), the center must comply with all state and local laws

For a list of eligible expenses, please visit

NOTE: When filing Federal Income Tax Return you will be required to supply the name, address and taxpayer identification number of the dependent care provider.