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FLEXIBLE SPENDING & DEPENDENT CARE

What are Medical Flexible (FSA) 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.
What is 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:

• Coverage through Medcom
• Plan year is from January 1- December 31 and employees must re-elect 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 prohibited
• For a full list of eligible Flexible Spending Account expenses, please go to
www.medcom.net

 

Contact Campus Benefits for assistance with claims.

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