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FLEXIBLE SPENDING ACCOUNTS

What are Flexible Spending Accounts (FSAs)?

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.

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.

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Plan Rules:

  • Eligibility: All full-time employees working 50% of full-time hours based on job category (minimum of 15 hours/week), spouse and children up to age 26 (Dependent care children up to age 13)

  • Coverage through MedCom

  • Plan year: January 1 to December 31

  • Transfer of funds between Dependent Care and Unreimbursed Medical are prohibited

  • Married and not filing jointly participants limited to $2,500 deferral for DCSA

  • Only family status changes will allow you to alter your annual election. The altered election must be consistent with the status change.

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Contact Campus Benefits for assistance with claims.

Email: mybenefits@campusbenefits.com

Call 1-866-433-7661, option 5

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IMPORTANT NOTE:

  • Dependent Care FSA is for eligible expenses related to the care of your child, disabled spouse, elderly parent, or other dependent who is physically or mentally unable for selfcare (i.e. day care, adult day care) or is disabled.

  • Medical expenses for your dependent are not eligible for reimbursement under the Dependent Care account.

What is covered under Medical FSA Account?

  • Medical coinsurance and deductible

  • Doctor’s office visit copays

  • Emergency Room costs

  • Dental copays and out-of-pocket costs

  • Vision copays and out-of-pocket costs

  • Contacts and Glasses

  • Prescriptions

  • Please see the full eligibility list for other covered expenses

Who is covered under a Dependent Care Account?

  • Children ages 12 and under (including stepchildren, grandchildren, adopted or foster children, and children related to you who are eligible for a tax exemption on your federal tax return).

  • Tax dependents residing with you and incapable of self-care (this could include your spouse, a child age 13 and over, and elderly parents).

The CARES Act permanently reinstates over-the counter products, and adds menstrual care products for the first time, 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, e.g., acetaminophen, ibuprofen, naproxen sodium

  • Cold & flu medications

  • Allergy medications

  • Acne treatments

  • Eye drops

  • Stomach & digestive aids

  • Pads, Tampons and Menstrual sponges

  • Sleep aids

  • Children’s pain relievers, allergy medicines, and digestive aids

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