Flexible Spending Account
The University provides an opportunity for you to receive benefits in the form of reimbursements for qualifying medical care expenses such as health plan deductibles, co-payments, and other medical, vision, and dental expenses that are not covered by your health plan with pre-tax payroll salary dollars.
The IRS allows you to set aside tax-free salary dollars on a per-pay-period basis into two different types of spending accounts: Health Flexible Spending Account and Dependent/Child Care Spending Account.