top of page

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 some over the counter medications.

  • Dependent Care Accounts: A pre-tax benefit accounts 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 full-time employees working 20+hours/week, spouse and children (tax dependents up to age 26 for medical & up to age 13* for dependent care or tax dependent adults for adult care)

  • Coverage through Consolidated Admin Services (CAS)

  • Plan year is from July 1st to June 30th. 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

  • Participant must elect the Medical FSA plan for the next year to access the carryover funds

  • 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

  • CAS Website: CLICK HERE

​

Contact Campus Benefits for assistance with claims.

Email: mybenefits@campusbenefits.com

Call 1-866-433-7661, option 5

consolidated admin services.png

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 tp 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

​​

bottom of page