FLEXIBLE SPENDING ACCOUNTS
What are Flexible Spending & Dependent Care Accounts?
Flexible Spending Accounts
A pre-tax benefit account used to pay for out-of-pocket healthcare costs such as deductibles, co-pays, prescribed medication, and other medical costs.
Dependent Care Accounts
A pre-tax benefit account used to pay for dependent care services such as preschool, summer day camp, before or after school programs, and child or elder care.
Expenses Must Occur During Plan Year
Coverage through Consolidated Admin Services
Plan year is from January 1 - December 31 and employees must re-enroll each year
Only family status changes will allow you to change your annual election. The altered election must be consistent with the status change.
Married and not filing jointly participants limited to $2,500 deferral for Dependent Care
Transfer of funds between the Dependent Care and Medical Care accounts are not allowed
Carry over Maximum Amount - Up to $500 of remaining FSA funds will be rolled over into the new plan year if the employee re-enrolls in a FSA.
Contact CAS - 1 (877) 941-5956
Contact Campus Benefits help with filing a claim.
1 (866) 433-7661