Common use of FLEXIBLE SPENDING ACCOUNTS (FSAs Clause in Contracts

FLEXIBLE SPENDING ACCOUNTS (FSAs. UMMC offers a Health Care and Dependent Care Flexible Spending Account Program. The program runs from 7/1 through 6/30. FSAs allow you to set aside pre tax dollars through payroll deduction to pay for eligible health and/or child care expenses. You must enroll within 31 days of your employment start date. If you fail to enroll, your next opportunity will be during the annual open enrollment period, held in May, unless you have a qualifying life event that affects your eligibility for these benefits. Qualifying life event changes must be submitted online through HRConnections within 31 days of the qualifying life event or the change won’t be allowed.

FLEXIBLE SPENDING ACCOUNTS (FSAs. UMMC offers a Health Care and Dependent Care Flexible Spending Account Program. The program runs from 7/1 through 6/30. FSAs allow you to set aside pre tax pretax dollars through payroll deduction to pay for eligible health and/or child care childcare expenses. You must enroll within 31 days of your employment start date. If you fail to enroll, your next opportunity will be during the annual open enrollment period, held in May, unless you have a qualifying life event that affects your eligibility for these benefits. Qualifying life event changes must be submitted online through HRConnections within 31 days of the qualifying life event or the change won’t be allowed.

FLEXIBLE SPENDING ACCOUNTS (FSAs. UMMC offers a Health Care and Dependent Care Flexible Spending Account Program. The program runs from 7/1 through 6/30. FSAs are subject to IRS use it or lose it rules. FSAs allow you to set aside pre tax pretax dollars through payroll deduction to pay for eligible health and/or child care childcare expenses. You must enroll within 31 days of your employment start date. If you fail to enroll, your next opportunity will be during the annual open enrollment period, held in May, unless you have a qualifying life event that affects your eligibility for these benefits. Qualifying life event changes must be submitted online through HRConnections within 31 days of the qualifying life event or the change won’t be allowed.