Flexible Spending Open Enrollment

This is your annual opportunity to set aside a portion of your salary on a pre-tax basis through payroll deduction for unreimbursed health care and/or dependent care expenses for the plan year January 1, 2010 through December 31, 2010. If you are a current participant, you must re-enroll in the plan by completing a new Health Care and/or Childcare Subsidy & Dependent Care Flexible Spending Account Enrollment Form. If you are newly enrolling in the plan, you must complete an enrollment form for the plan(s) in which you wish to enroll. The Health Care and Child Care Subsidy & Dependent Care Flexible Spending Account Enrollment Forms are available below. Your completed enrollment form(s) must be returned to the Human Resources Department no later than Tuesday, November 24, 2009.

• Flexible Spending FAQ's
• Flexible Spending Open Enrollment Announcement
• Flexible Spending Medical Reimbursement Enrollment Form
• Flexible Spending Childcare Reimbursement Enrollment Form

A representative from the benefits department will be available to answer your questions and help complete your enrollment forms on the following days and times, in the Rosemont Room of the Connelly Center:

Flexible Spending Accounts

The Flexible Spending Accounts offer you an opportunity to pay certain health care expenses not covered by insurance as well as eligible dependent care expenses on a pre-tax basis. Enrollment in the Flexible Spending Accounts allows you to direct part of your salary into a health care and/or dependent care reimbursement account. The amount of salary that goes into your account is not subject to federal, state (excluding NJ), and Social Security taxes.

How Does A Flexible Spending Account Work?

During the annual open enrollment period, you have an option to enroll in the Flexible Spending Accounts. There are three reimbursement accounts under this plan: one for unreimbursed health care expenses and two for eligible dependent care expenses. When you enroll in the plan, you designate how much of your salary you want to set aside on a pre-tax basis for health care and/or dependent care based upon your estimated expenses for the coming year. The plan year is January 1st through December 31st and only expenses incurred during this period are eligible for reimbursement from your accounts. Your election takes effect on January 1st of each year. The salary set aside in your health care account can be used only for medical, prescription drug, dental/orthodontia, vision and certain over-the-counter medications not covered by your insurance; likewise the amount set aside for dependent care can only be used for child care or elder care expenses incurred to allow you and your spouse to work.

The total amount of salary you elect to set aside will be deducted automatically from your paycheck in equal amounts throughout the year. The deductions will be taken out before federal, state (except NJ), and Social Security taxes are applied and will be taken over 9 pays for faculty members and 26 pays for staff members.