top of page
blur-ceramic-close-up-164497.jpg
FLEXIBLE SPENDING & DEPENDENT CARE

What are Medical Flexible (FSA) Accounts?

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.

​

Plan Rules:

  • Eligibility: Employees as described on page 1, spouse and children (Medical FSA: up to age 26 / Dependent Care FSA: children ages 12 and under)

  • Coverage through Medcom

  • Plan year is from January 1- December 31 and employees must re-elect each year

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

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

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

  • For a full list of eligible Flexible Spending Account expenses, please go to www.medcom.net

  • $3.50 administration fee per participant per month

​

Contact Campus Benefits for assistance with claims.

​

medcom logo.png

What is covered under Medical FSA Account?

  • Medical coinsurance and deductible

  • Doctor’s office visit co-pays

  • Emergency Room costs

  • Dental co-pays and out-of-pocket costs

  • Vision co-pays and out-of-pocket costs

  • Contacts and Glasses

  • Prescriptions

  • Please see the full eligibility list for other covered expenses

What is covered under 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

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 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.

bottom of page