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 daycare.

Plan Rules:

Eligibility: Eligible employees working 20+ hours/week and all 49% employees working 17.5 hours/week, *For Dependent Care children (children up to age 13) and adults for adult day care
Coverage through Consolidated Admin Services
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
Please visit your employee benefits website for a complete listing of eligible expenses and qualifying dependent care services.

Contact Campus Benefits for assistance with claims.

Email: mybenefits@campusbenefits.com

Call 1-866-433-7661, option 5

FSA Highlight Sheet

Plan Document

Cafeteria Plan Highlights

Cafeteria Plan Summary Plan Description

Medical Claim Form

Dependent Care Claim Form

CAS Mobile App

FSAs and Termination

Rates

FSA/DCAP Fee Per Participant Per Month This amount is based on the number of participants who enroll in FSA for the year and will be calculated on 1/1/2024. Typically this amount is around $4.00.

Important Notes

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 self-care (i.e. day care, adult day care) or is disabled.
Medical expenses for your dependent are not eligible for reimbursement under the Dependent Care.

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 up to age 13 (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