Flexible Spending Accounts provide a convenient way to contribute pre-tax dollars for qualified medical and dependent care expenses. A Flexible Spending Account is commonly known as a "use it or lose it" account as funds not used by the deadlines defined below will be forfeited. You do not have to participate in a Health Plan at the College to participate in a Flexible Spending Account.
For information on how to use Benecon's online portal, refer to:
Medical Flexible Spending Account
Administrator | The Benecon Group, CDH Services CDHServices@benecon.com 1-833-738-6729 |
Plan Year | July 1 - June 30 (fiscal year) |
Annual Maximum | $2,750 |
Deadline | Expenses incurred from July 1, 2020 to September 15, 2021 must be submitted for reimbursement by September 30, 2021. |
Eligibile Expenses | Expenses such as co-pays, co-insurance and deductibles for medical, dental, prescription drug and vision plans not covered through the insurance plan. For a complete list of eligible expenses, visit http://irs.gov/publications/p502. |
Dependent Care Flexible Spending Account
Administrator | The Benecon Group, CDH Services CDHServices@benecon.com 1-833-738-6729 |
Plan Year | July 1 - June 30 (fiscal year) |
Annual Maximum | $5,000 ($2,500 if married but filing separately) |
Deadline | Expenses incurred from July 1, 2020 to June 30, 2021 must be submitted for reimbursement by September 30, 2021. |
Eligibile Expenses | Expenses such as the cost of childcare services for children through age 12. |