flexible spending accounts
Flexible Spending Accounts (FSA) enable you to save money by paying for some expenses in pre-tax dollars. Here you'll find everything you need to make informed choices about your Flexible Spending Account enrollment. Click here for helpful tips on managing your FSA.
2018 FSA Vendor: WageWorks
WageWorks offers customer support as well as easy-to-use online tools to help you make the most of your FSA. Participants can use their website to access interactive claims, online calculators and view account balances and reimbursement histories. Call (877-924-3967) or visit the WageWorks website.
Dependent Care Flexible Spending Accounts (Dependent Care FSAs)
The Dependent Care FSA is a benefit to help you meet your dependent care expenses, such as child care, elder care or disabled dependent care. It enables you to save money, on a calendar year basis, by paying for dependent care expenses in pre-tax dollars.
The annual maximum reimbursement for Dependent Care FSA is $5000 per family.
Health Flexible Spending Accounts (Health FSA)
The Health Flexible Spending Account (Health FSA) program is a cost effective way to pay for medical and dental plan deductibles/copayments, eyeglasses, contact lenses, orthodontics and other health-related expenses that are not covered by insurance. It enables you to save money, on a calendar year basis, by paying for health related expenses in pre-tax dollars.
The annual maximum reimbursement for Health FSA is $2,600 per eligible employee. For spouses who both work at MSU and are eligible, this means each spouse may contribute up to $2,600.
The WageWorks® Healthcare Card lets you electronically access your account funds.
For accessing 2017 funds, please use your CONEXIS/WageWorks card from 2017. WageWorks will be issuing new cards to be used for 2018 year funds.
FSA Important Dates
FSAs can offer some great tax advantages, but it's important that you are familiar with the program deadlines.
If you have not used all of your funds and submitted your receipts by the required deadlines, IRS code requires that remaining funds be forfeited.
2017 Program Year Deadlines
- The deadline to use your Dependent Care FSA funds: March 15, 2018
- The deadline to submit receipts for your Dependent Care FSA: April 30, 2018
- The deadline to use your Health FSA funds: March 15, 2018
- The deadline to submit receipts for your Health FSA: April 30, 2018
If you participated in the 2017 Health FSA with our previous plan administrator, CONEXIS, and still have remaining 2017 funds, DO NOT throw away your CONEXIS card. CONEXIS allows you to use these remaining funds through March 15, 2018
2018 Program Year Deadlines
- The deadline to use your Dependent Care FSA funds: March 15, 2019
- The deadline to submit receipts for your Dependent Care FSA: April 30, 2019
- The deadline to use your Health FSA funds: March 15, 2019
- The deadline to submit receipts for your Health FSA: April 30, 2019
FSA Forms and Worksheets
- First and Last Name
- Date of Birth
- Home Zip Code
- ID Code: the last 4 digits of your Social Security Number
Standard FSA Eligible Expenses
For additional information about eligible expenses contact WageWorks at 877-924-3967.
2017 Plan Administrator
For questions about a 2017 FSA account please contact the Plan administrator, CONEXIS, at:Ph: 866-659-8376
CONEXIS claim forms are available through your online account.
The Heroes Earnings Assistance and Relief (HEART) Act
If you are a member of a reserve component of the U.S. military and are ordered or called to active duty for a period of 180 days or more or for an indefinite period, you may withdraw, on a taxable basis, up to the unspent balance of your contributions made to your healthcare flexible spending account. A Qualified Reservist Distribution (QRD) payment can be requested. To request a Qualified Reservist Distribution payment, use the HEART Reimbursement Act Form.