Participation in flexible spending accounts for dependent care reimbursement is available to all benefit-eligible employees. Medical reimbursement and Limited Purpose Medical Reimbursement accounts are not available to OPS employees, but are available to University Workforce, Faculty, and Executive Service employees. Employee contributions are made on a pre-tax basis. Employees have 60 days from their date of hire to enroll. Plan changes are only allowed during the annual open enrollment or as a result of an approved qualifying status change.
Reimbursement accounts allow you to pay for eligible out-of-pocket medical and/or dependent care expenses with tax-free dollars. During each open enrollment period you must elect an annual amount to contribute into a reimbursement account. The amount selected will be deducted from your salary on a pre-tax basis throughout the year. After you incur eligible expenses, you must submit claims to the Division of State Group Insurance (DSGI) with receipt documentation of the expense.
Minimum: $60 per year Maximum: $2,500 per year
Use the Medical Reimbursement Account Worksheet on page 13 of the online brochure to help determine your annual election.
Minimum: $60 per year Maximum: $5,000 per year
Use the Dependent Care Reimbursement Account Worksheet on pages 13 of the online brochure to help determine whether you would save more in taxes using the Dependent Care Account or the Child Tax Credit. NOTE: If you are married, your spouse must be gainfully employed, actively seeking employment, a full-time student or disabled in order to participate in the Dependent Care Reimbursement Account.
After you incur an eligible expense, fill out the claim form attaching proof of payment and send to the Division of State Group Insurance at the address on the form. Expenses will be reimbursed following the receipt of claims totaling $25 or more, usually within four to six weeks. The $25 minimum will be waived quarterly and at the end of the plan year.DEADLINE FOR FILING CLAIMS: Up to April 15 of the following year.