Flexible Spending Programs

  • Flexible Spending Account Healthcare (FSA)
  • Dependent Care Reimbursement Account (Daycare)

Flexible Spending Program Eligibility and Enrollment

  • Employees MUST enroll and enter a new annual selection dollar amount.
  • Must be re-elected each fiscal year, does not rollover from plan year to plan year.

Both Accounts are Use it or Lose it.

  • Pre-tax money is available to use during each fiscal plan year (July 1 – June 30).
  • Grace period, which allows you to continue to incur claims and use current fiscal plan year money up to Mid-September.
  • Once grace period is over, if elected, you will start to use your new fiscal plan year money.
  • Any unused money will be lost to you and returned to the University which is used to offset the UMR administration fees for the program.

Customer Service: 1-800-826-9781
Website: https://www.umr.com

  • File Claims
  • Upload Receipts
  • Track Expenses
  • Download Forms
  • Manage Direct Deposit
  • $2750 – allotted amount for 2020
  • Pre-tax dollars go into an account to use for qualified medical, dental and vision expenses for employee, spouse and dependents
  • Benefit is fully funded July 1 if your expenses occur early in the year
  • Effective January 1, 2020 also covers OTC and feminine hygiene products
  • Pre-loaded debit card with annual elected amount
  • Cashless, not paperless. Keep receipts as UMR may request that you provide to substantiate your purchase. 
  • Manual claims may also be submitted
  • File claims, upload receipts, track expenses, download forms and manage direct deposit on UMR’s website. 
  • $5000 (single or married filing jointly) or $2500 (married filing separately)
  • Pre-tax dollars go into an account to use for a certified daycare, nursing home facility as well as Fall/Spring/Summer camps for children up to age 14
  • Must provide a Federal Tax ID#
  • Submit claims with invoices for reimbursement
  • File claims, upload receipts, track expenses, download forms and manage direct deposit on UMR’s website. 
  • We encourage you to reach out to your tax/financial advisor on federal and state tax guidelines.
     
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