Flexible Spending Accounts
Effective January 1, 2011, CONEXIS will be the new administrator for your health and dependent care FSAs. Your WageWorks visa debit card will expire on December 31, 2010. If you have funds remaining in your 2010 health or dependent care FSA, you must submit those claims to WageWorks for reimbursement.
Download the Flexible Spending Accounts Summary Plan Description for detailed information about the benefits available to you.
The University of Chicago Flexible Spending Plan offers Benefits-Eligible Employees the opportunity to pay certain health care and dependent care expenses with tax-free dollars. To comply with IRS requirements, documentation will be required to substantiate expenses eligible for reimbursement under a Health Care FSA and a Dependent Care FSA. In addition, receipts and related documentation will be required for purchases made with your CONEXIS debit card.
The Plan has two kinds of Flexible Spending Accounts (FSAs):
- The Health Care FSA can be used to pay for most out-of-pocket medical, vision and dental care expenses for yourself and your Dependents as long as these expenses are not covered by your medical or dental plan.
- The Dependent Care FSA can be used to pay for eligible day care expenses for a dependent child or adult relative while you or your spouse work, or while your spouse is a full-time student or disabled.
You contribute tax-free dollars to your FSAs through payroll deductions. When you have an eligible medical, vision, dental or dependent care expense, you are reimbursed from the appropriate FSA.