2018 Flexible Spending Accounts
The University of Minnesota’s Office of Human Resources manages the Flexible Spending Accounts for the Residents, Fellows and Interns health plan. Open enrollment for 2018 Flexible Spending Accounts (FSAs) runs from November 1 to November 30, 2017 or within 14 days of your start date, whichever is later.
Flexible Spending Account Information
What’s a Flexible Spending Account?
FSAs allow you to pay for eligible expenses using pre-tax dollars. More details about submitting expenses and Flexible Spending Accounts can be found on the Office of Human Resources website.
Health Care FSA
You may contribute a minimum of $100 and a maximum of $2,650 from your pay before taxes each calendar year.
Eligible claims include any health care expenses not covered by your medical and dental plans, such as copays and deductibles. It also includes vision care expenses for prescription eyeglasses and contact lenses, as well as medicines that require a prescription.
Use the FSA Eligible Expense Search to find out if an item or service is covered. That will help you decide how much to put into the FSA.
Dependent Daycare FSA
You may contribute a maximum of $5,000 per household from your pay before taxes each calendar year.
Use your pretax dollars to pay for eligible expenses provided by a qualified dependent care provider to care for your child, disabled spouse, elderly parent, or other dependent who is physically or mentally incapable of self-care, so you can work, or if you’re married, for your spouse to work, look for work, or attend school full time.
What is the Use-It-or-Lose-It Rule?
Calculate your expenses and contributions carefully! If you do not use all of the money in your FSA for expenses incurred between the date your coverage is effective and the grace period deadline on March 15 of the following year, you lose the unused portion. All of your claims must be submitted by March 31 of each year.
2018 Flexible Spending Accounts Enrollment & Change Forms
Please select the form for your program below:
Optional enrollment for:
- Graduate Medical Education residents and fellows in job codes 9554, 9555, 9556, and 9559
- School of Dentistry residents and fellows in job codes 9552 and 9553
- College of Veterinary Medicine residents and interns in job codes 9541, 9548, and 9549