EMPLOYEE FLEXIBLE SPENDING ACCOUNTS

Important News about Changes to Flexible Spending Accounts

For those currently enrolled in a Flexible Spending Account (FSA) there are some exciting changes to these plans beginning in 2009. UC has chosen a new FSA plan administrator, CONEXIS, which will result in improved services to you. The names of the FSA plans are changing to “Health FSA” and “Dependent Care (DepCare) FSA.” For those who enroll in the Health FSA, you will have a new Health FSA Benefit Card for 2009. Read more.

Those who are enrolled in an FSA for 2008 are reminded that you must re-enroll to participate again in 2009.

Why Flexible Spending Accounts are a Plus

The Open Enrollment period is the time to enroll or re-enroll in an FSA. Those who expect to have between $180 and $5,000 of out-of pocket expenses should consider enrolling. Read more about the advantages of a Health FSA or Dependent Care FSA.

Helpful links:

• FSA Information Booklet
• CONEXIS (New FSA plan Administrator)
  
• Health FSA Calculator
  
• Health FSA Benefit Card Preferred Merchants
• Dependent Care FSA Calculator