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FLEXIBLE SPENDING ACCOUNTS (FSA)

ATTENTION:

All Flexible Spending Account Users.  In late March, you will receive an assigned PIN number from Crosby Benefits to use in conjunction with your Flexible Spending Account Debit Card.  The assigned PIN numbers are assigned per the guidelines of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  This ACT requires all debit cards have associated PIN numbers for consumers to use when using the card as a debit card.  Please note, you do not have to use the PIN number to access for Flexible Spending Account funds. You have the choice to use your card as either credit or debit.  This ACT addresses transaction processing fees and the timeliness when routing your transactions.  Please call Crosby Benefits directly with any questions you have at 1.866.918.9711.

HEALTH CARE FLEXIBLE SPENDING ACCOUNT

A Medical Care Flexible Spending Account (FSA) allows you to be reimbursed for medical expenses for yourself or any eligible IRS dependents. These contributions are taken from your paycheck pre-tax.  Withdrawals from the account are tax-free as long as they are used for medical eligible expenses.

DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT

A Dependent Care Flexible Spending Account (FSA) is a pre-tax payroll deduction which allows you to be reimbursed for eligible expenses (tax-free) for the care of one or more qualifying IRS dependents that enables you (and a spouse, if applicable) to work or look for work.  Qualifying dependents may be defined as children age 13 and under or a parent or grandparent who is a tax dependent and for whom you are the primary caretaker.

Click here for a video presentation outlining Flexible Spending Accounts.

Para ver en español, por favor haga clic aquí.

MORE INFORMATION

♦  Eligible Expenses

♦  Making Contributions

♦  Changing Contributions

♦  Contribution Limit

♦  Employer Contributions

♦  Reimbursement of Expenses

♦  When to Submit for Reimbursement

♦  Additional Resources

♦  Contact Information

♦  Crosby Benefit Systems, Inc.

 

ELIGIBLE EXPENSES

•  Click here for a list of Crosby Benefit's Medical Care FSA eligible expenses

•  As of January 1, 2011, over-the-counter medications require a doctor's note or prescription providing reasons for medical necessity. 

•  Typical expenses reimbursed from a Dependent Care Flexible Spending account are daycare, day camps, or nursing care for an incapacitated or handicapped dependent.  You should contact Crosby Benefit Systems if you have questions on whether a specific expense would be reimbursable from your Dependent Care FSA.

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MAKING CONTRIBUTIONS

•  You must elect the amount you wish to contribute to your Medical Care or Dependent Care Flexible Spending Accounts each year during Open Enrollment.

•  Your contribution total will include your employer contribution (if applicable).

•  Restrictions

¤  The IRS restricts the participation in a Medical Flex Spending Account and a Health Savings Account at the same time.  You may not participate in a Medical FSA if you are enrolled or are the dependent of someone enrolled in a Health Savings Account.

¤  Parents cannot submit expenses for child(ren) that they do not claim on their income tax returns. 

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CHANGING CONGRIBUTION AMOUNTS

Changes to your contributions may only be made in the event that you have a qualifying mid-year event. For more information on making mid-year changes, please refer to the Status Change Form available here.

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CONTRIBUTION LIMIT

•  Contribution limits to your FSA are regulated by the Internal Revenue Service (IRS). 

•  Medical Care Flexible Spending Account limit - $2,500 per employee per year (Reduced from $5,000 on January 1, 2013).  

•  Dependent Care Flexible Spending Account limit - $5,000 per household per year.

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EMPLOYER CONTRIBUTIONS

•  Beginning January 1, 2011, the following groups of employees will receive up to a $250 contribution from Dartmouth to the Medical Care Flexible Spending Account:

¤  Non-exempt staff

¤  Exempt employees making $60,000 or less in salary

•  Contributions for part-time or new employees are pro-rated based on full-time equivalent (FTE) and/or hire date.

•  You are not required to elect a contribution to the Medical Care FSA in order to receive your employer contribution.

•  Exceptions:

¤ There are no employer contributions made to employees on the "Standard" plan.

¤  There are no employer contributions made to a Dependent Care Flexible Spending Account.

¤ There are no employer contributsions made to employees participating in an HSA, or are the dependent of someone participating in an HSA plan.

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REIMBURSEMENT OF EXPENSES

You may request reimbursement via the following methods:

1. Forms which may be submitted via mail or fax to Crosby Benefit Systems, Inc.:

•  Medical Care Reimbursement Request Form

•  Dependent Care Reimbursement Request Form

2. Use MyCrosbyBenefits to submit your claims online. (Registration and log in is required.)

3. A debit card is available for the Medical Care FSA only.  More information is available here.  If you have not received a debit card, have lost your debit card, or are having difficulties using your debit card, you should contact Crosby Benefits to request a new one.

All claims must be accompanied by a detailed receipt documenting the transaction to be processed.  Incomplete applications may result in delayed reimbursement.

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WHEN TO SUBMIT FOR REIMBURSEMENT

Reimbursement of your entire election from your Medical Care FSA is available to you beginning the first of the year following your Open Enrollment election or beginning your date of hire.

Reimbursement from the Dependent Care FSA will only be for the balance of the contributions you have made as of the date of your claim processing.

Both accounts offer a grace period which allows you to incur and submit for reimbursement of expenses into the next calendar year.  You may incur expenses until March 15, but must submit for reimbursement no later than March 31.  Funds that are not submitted by March 31 will be forfeited ("use it or lose it").  These deadlines are IRS regulated and subject to change based on IRS guidelines.

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ADDITIONAL RESOURCES

When visiting other websites or speaking to other resources, these accounts may go by alternate names:

•  Medical Care FSA may also be referred to as Medical Care Reimbursement Account (MCRA) or Health Care Reimbursement Account (HCRA).

•  Dependent Care FSA may also be referred to as a Dependent Care Reimbursement Account (DCRA).

•  FSA may also be referred to as a Flexible Spending Arrangement.

Additional information on FSAs is available from the IRS website in Publication 969.

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CONTACT INFORMATION 

When you have questions regarding a lost debit card, status of a reimbursement, or the balance of your account, you should contact Crosby Benefit Systems, Inc.

For questions and concerns about changing your election or any difficulties with Crosby Benefits, you should contact the Benefits Office.

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 CROSBY BENEFIT SYSTEMS, INC.

Phone: 800-462-2235

Fax: 617-928-0001

E-mail: servicecenter@crosbybenefits.com

Website: http://www.crosbybenefits.com/Default.aspx

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Last Updated: 5/24/13