Flexible Spending Accounts
Access your FSA
Log on to Employee Self Service (ESS), and click on My FSA under the eBenefits icon.
About the FSA
Flexible Spending Accounts (FSA) provide a simple way to save money on eligible health care and dependent care expenses. You choose how much to set aside to be used for health care and dependent care expenses. The money you contribute to your FSA does not get taxed, which means you save money! You may enroll or make changes to an existing FSA within 31 days of a qualifying status change or during annual open enrollment. Benefit changes can be made through Employee Self Service.
Ohio State offers two types of FSAs, health care and dependent care:
- Health Care FSA: A Health Care FSA sets aside money to pay for out-of-pocket health care expenses for you and your qualified dependents. Examples of eligible expenses may include health plan deductibles, copayments, and coinsurance; eye exams, contact lenses, and glasses; prescription drugs; dental care including orthodontia; and over-the-counter (OTC) products with a physician’s prescription. Review a complete list of eligible and ineligible expenses. You can contribute $100-$2,500 to a Health Care FSA.
- Dependent Care FSA: A Dependent Care FSA sets money aside to pay for eligible dependent care expenses, such as day care. Dependent care expenses allow you (and your spouse, if married) to work, look for work, or attend school as a full-time student. Examples of eligible expenses may include day care facility fees (excluding lunches, transportation, and educational services); before-school and after-school care; local day camp; in-home babysitting fees (income must be claimed by your care provider); and nursery school and preschool (preschool expenses are eligible if the amount paid for schooling cannot be separated from the cost of care). Review a complete list of eligible expenses. You can contribute $250-$5,000, per family, to a Dependent Care FSA.
Note: Dependent Care accounts are not used to reimburse a dependent’s healthcare expenses.
|Important Dates and Deadlines||For FSA Plan Year 2015, subject to eligibility to participate in the FSA Program:|
|Plan Year||January 1 – December 31, 2015||Pre-tax payroll contributions made during the plan year, which is a 12-month period.|
|Incurred Date Window (including grace period)||January 1, 2015 – March 15, 2016||Use the funds in your FSA(s) for incurred eligible expenses during the plan year and the grace period (January 1, 2015 – March 15, 2016).|
|Reimbursement Period||January 1, 2015 – March 15, 2016||Request reimbursement for eligible expenses during the reimbursement period, which is a 15-month period.|
|Reimbursement Filing Deadline||March 31, 2016||All requests for reimbursement must be received by TASC no later than March 31, 2016 or you will forfeit the unclaimed balance in your FSA(s).|
Managing your FSA
TASC, a leading vendor in FSA administration, administers Ohio State’s FSA. With TASC, you have access to features that make using your FSA convenient and easy.
- Options for filing a claim: File your claim in the way you prefer – on paper, online, using your smartphone, or by swiping your Health Care Flex Card. Read more about options for filing a claim.
- Options for reimbursement: Receive your reimbursements via direct deposit or a paper check, or present your Health Care Flex Card at the point of service. Read more about options for reimbursement.
- Options for managing your account: Manage your account at work, at home, or on the go with online access, mobile access, and text message/SMS alerts. Read more about these options for managing your account.