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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 health care costs such as deductibles, co-pays, prescribed medication, and some over the counter medications.
 

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 daycare.

Plan Rules:

  • Eligibility: All full-time employees working 20+ hours/week, spouse and dependent children (up to age 26)

  • 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

  • Please visit your Employee Benefits website for a complete listing of eligible expenses and qualifying dependent care services.

Contact Campus Benefits help with filing a claim.

Phone: 1 (866) 433-7661 option 5

Email: MyBenefits@campusbenefits.com

Contact CAS - 1 (877) 941-5956

CAS Member Website

What is covered under a Medical FSA Account?

  • Medical coinsurance and deductible

  • Doctor's office visit copays

  • Emergency Room Costs

  • Dental copays & out of pocket costs

  • Vision copays and out of pocket costs

  • Contacts and Glasses

  • Prescriptions

Who is covered under a Dependent Care Account?

  • Children ages 12 and under

    • Biological children

    • Step children

    • Grandchildren

    • Adopted children

    • Foster children

  • Tax dependents residing with you & incapable of self care

    • Could include spouse and elderly parents

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The CARES act permanently reinstates over the counter products and adds menstrual care products as eligible expenses for your FSA funds without a prescription.

Eligible items for purchase without a prescription now include, but are not limited to:

  • Pain relief medications

  • Cold & Flu medications

  • Allergy medications

  • Acne treatments

  • Eye drops

  • Stomach & digestive aids

  • Pas, Tampons, and Menstrual sponges

  • Sleep aids

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