Election Period November 15, 2016 - December 14, 2016
Benefits-eligible staff and faculty should have received a memo about the Flexible Spending Account Open Enrollment. All election forms must be returned or online elections made by 5:00 p.m. on Wednesday, December 14, 2016.
The maximum annual election for Dependent Care Spending will remain at $5,000. The maximum annual election for Medical has increased slightly to $2,600.
The College is continuing to use PayFlex as its third-party claims administrator for the Flexible Spending Accounts.
Flexible spending elections DO NOT automatically roll over. If you currently participate in either or both of the plans, you must affirmatively make new elections for 2017.
You can make your elections online or by using the Flexible Spending Account Election Form:
When making your election, please account for the fact that eligible expenses are determined by the DATE OF SERVICE, not the date of payment. If you have any concerns about whether a particular expense will be allowed under the IRS rules, please contact Human Resources before submitting your election rather than making assumptions.
We have several documents available to help you understand the Flexible Spending plan.
You must have worked for the College for a full year as of January 1, 2017 before being eligible to participate in the Medical Spending plan. There is no waiting period to participate in the Dependent Care Spending plan.